Morgan Stanley | Director - Indirect Sourcing Manager (Corporate Services) | Mumbai, India | 6+ Years | Best in Industry
Morgan Stanley - Director - Indirect Sourcing Manager (Corporate Services)
Primary Location: Non-Japan Asia-India-Maharashtra-Mumbai
Education Level: Bachelor's Degree
Job: Other
Employment Type: Full Time
Job Level: Director
Description
We are seeking candidates to join our Global Supplier Services team within Corporate Services as an Indirect Sourcing Manager responsible for managing Indirect sourcing activities. Commodities include Professional Services, Benefits, Marketing, Construction & Facilities Management.
The Corporate Services division provides solutions enabling Morgan Stanley's workforce across global workplace locations to effectively support and deliver value to our business clients. This Director-level position sits within Firmwide Sourcing and is responsible for all elements of the Source to Contract process, including:
- Business demand management
- Supplier management
- Competitive bidding
- Sourcing project management
- Negotiations
- Contracting
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions and individuals around the world achieve their financial goals.
Are you interested in joining a team that's eager to create, innovate, and make an impact on the world?
What you'll do in the role:
- Facilitate new supplier engagements and service/product renewals focusing on assigned category and strategic suppliers.
- Serve as a trusted advisor to business stakeholders and work collaboratively with technology colleagues.
- Develop sound sourcing and commodity strategies that drive business value and mitigate risk.
- Maximize commercial impact through competitive bids and benchmarking/advisory.
- Analyze supplier proposals and negotiate best-in-class contract terms and value propositions.
- Work cross-functionally with Finance, Legal, and Compliance to draft and execute contracts.
- Complete documentation and system requirements as needed to enable the Source to Pay process.
Qualifications
What you'll bring to the role:
- Bachelor's degree
- At least 6 years of relevant experience in Indirect sourcing positions. Demonstrated subject matter expertise in at least one or more commodity areas:
- Experience in the Professional Services Commodity, including drafting complex Statements of Work.
- Experience in the execution of large and complex Benefits Agreements, Learning and Development Commodity, and/or Marketing and Business Development Sourcing.
- Experience in Security Services, Design and Construction, Amenities, and Move Management with demonstrated thought leadership in designated categories.
- Commercial negotiation and influencing skills to drive savings and deliver value to stakeholders.
- Experience in contract interpretation, analysis, and drafting across Master and Sub-Agreements.
- Strong Sourcing skills and the ability to execute across all elements of the Source to Manage lifecycle.
- Outstanding interpersonal skills, including the ability to develop and nurture both business and supplier relationships.
Additionally, the successful candidate must:
- Be highly motivated, proactive, and take ownership of tasks and projects.
- Possess strong written and verbal communication skills.
- Demonstrate proficiency in the Microsoft Office suite of products.
- Have experience using procurement tools such as Ariba.
ApplyURL: https://ms.taleo.net/careersection/2/jobdetail.ftl?job=3258378&src=Eightfold
Prepare for real-time interview for : Morgan Stanley | Director - Indirect Sourcing Manager (Corporate Services) | Mumbai, India | 6+ Years | Best in Industry with these targeted questions & answers to showcase your skills and experience in first attempt, with 100% confidence.
Question:
How do you approach a situation where key stakeholders have conflicting priorities or goals for a project?
Answer:
When stakeholders have conflicting priorities, I first facilitate a discussion to clarify each stakeholder’s goals and expectations. I focus on understanding the broader business objectives and how each priority fits into the bigger picture. I help stakeholders recognize the trade-offs involved with each option and encourage collaboration to find a compromise that aligns with the project’s overall goals. By focusing on transparent communication and fostering a collaborative mindset, I help align stakeholders and move forward with a unified plan.
Question:
Describe a time when you had to work with a difficult client. How did you maintain a positive working relationship?
Answer:
In one project, the client was frequently changing requirements, which caused disruptions. I took the time to listen to their concerns and worked to understand the root cause of the changes. I scheduled regular check-ins to provide updates and clarify expectations, which helped manage their concerns proactively. By setting clear boundaries and maintaining open communication, I was able to address their needs without jeopardizing the project timeline. This approach strengthened our working relationship and ultimately led to a successful outcome.
Question:
How do you ensure your team remains productive and focused during long-term projects?
Answer:
For long-term projects, I set clear milestones and break the project down into smaller, manageable tasks. This helps the team focus on short-term goals and maintain a sense of progress. I also celebrate small wins along the way to keep morale high. Regular check-ins and open communication help address any concerns or bottlenecks early. By keeping the team engaged with achievable milestones and providing consistent support, I ensure productivity remains high throughout the duration of the project.
Question:
Tell me about a time when you had to quickly pivot a project due to unforeseen challenges. How did you manage it?
Answer:
In one project, we encountered a major technical issue that disrupted our original plan. I quickly gathered the team to assess the situation and identify alternative solutions. We re-prioritized tasks and adjusted the project timeline to accommodate the necessary changes. I communicated with stakeholders to manage expectations and ensured the team remained focused on the new objectives. By staying calm and adapting our approach, we were able to pivot successfully and deliver the project with minimal delays.
Question:
How do you manage stress and maintain performance during high-pressure situations?
Answer:
In high-pressure situations, I stay organized by prioritizing tasks and breaking them into smaller, actionable steps. This helps me focus on immediate priorities without feeling overwhelmed. I also maintain open communication with the team and stakeholders to ensure everyone is aligned. Taking short breaks and managing my time effectively helps me stay refreshed and maintain productivity. By staying focused and keeping a clear plan in mind, I manage stress and continue to perform well under pressure.
Question:
Describe a time when you had to overcome resistance to change within a team. How did you manage it?
Answer:
When implementing a new software tool in a previous project, I encountered resistance from team members who were comfortable with the old process. I addressed their concerns by organizing a series of training sessions to demonstrate how the new tool would improve their workflows. I also encouraged them to share feedback and suggestions during the transition. By involving the team in the process and offering support, I was able to overcome resistance and ensure a smooth adoption of the new tool.
Question:
How do you ensure that project deliverables meet both the client’s expectations and the company’s quality standards?
Answer:
To ensure deliverables meet both client expectations and quality standards, I begin by establishing clear requirements and deliverables at the outset of the project. I maintain close communication with the client throughout the project to ensure alignment and address any changes early. Internally, I set up regular quality checks and reviews to ensure that the team adheres to company standards. By maintaining these practices, I ensure that deliverables are on time, meet client needs, and are of the highest quality.
Question:
Tell me about a time when you had to manage a project across different geographic locations or time zones. How did you ensure collaboration?
Answer:
In a global project involving teams in different time zones, I established clear communication protocols and tools to ensure collaboration. We used project management software to keep everyone updated asynchronously and scheduled meetings at times that overlapped for all teams. I made sure to document decisions and share meeting notes to keep everyone informed, regardless of time zone. By fostering transparency and leveraging technology, I ensured smooth collaboration and alignment across all locations.
Question:
How do you handle a situation where a project is falling behind schedule?
Answer:
When a project falls behind schedule, I first assess the root cause of the delay by reviewing the progress and identifying any bottlenecks. I then prioritize critical tasks and redistribute resources to address the most urgent issues. I communicate with stakeholders to reset expectations and adjust the timeline if necessary. I also encourage the team to focus on efficiency while maintaining quality. By addressing the delay early and making necessary adjustments, I work to bring the project back on track.
Question:
Describe a time when you had to implement a new process that improved team efficiency. What steps did you take?
Answer:
In a previous role, I identified inefficiencies in our project handoff process between departments. I introduced a standardized template that included key deliverables, deadlines, and responsibilities to ensure smoother transitions. I trained the team on the new process and gathered feedback to refine it. The result was a significant reduction in miscommunication and delays, improving overall efficiency. By implementing a clear process and ensuring team buy-in, we were able to streamline workflows and improve productivity.
Question: Describe a time you had to deal with a situation where you received conflicting feedback from different stakeholders.
Answer: "I was working on a project where I received conflicting feedback from two key stakeholders. One stakeholder wanted to prioritize speed, while the other emphasized thoroughness. I carefully considered both perspectives, analyzed the potential impact of each approach, and facilitated a discussion to find a solution that balanced both needs. Through effective communication and compromise, we were able to reach an agreement that satisfied both stakeholders and allowed the project to move forward."
Question: How do you approach identifying areas for improvement in your own work and developing your skills?
Answer: "I regularly seek feedback from colleagues and supervisors to gain insights into my strengths and areas for development. I also engage in self-reflection and identify skills or knowledge gaps that I can address through training, mentorship, or challenging assignments. I believe in continuous learning and actively seek opportunities to improve my performance and expand my skillset."
Question: Tell me about a time you had to deal with a situation where you had to adapt to a new technology or software quickly.
Answer: "My team adopted a new project management software that I was unfamiliar with. I proactively explored the software's features, utilized online tutorials and documentation, and sought guidance from colleagues who were already proficient. I quickly learned the new system and was able to effectively utilize it to manage projects and collaborate with the team."
Question: How do you approach building consensus within a team when there are differing opinions or ideas?
Answer: "I encourage open communication and active listening to ensure all team members feel heard and understood. I facilitate brainstorming sessions to explore different perspectives and ideas, and I guide the team towards a consensus through collaborative decision-making and compromise. I believe that diverse viewpoints can lead to better solutions when managed effectively."
Question: Give an example of a time you had to work on a project that required you to collaborate with individuals from different departments or teams.
Answer: "I was involved in a project that required collaboration with the marketing, sales, and product development teams. I facilitated cross-functional meetings, ensured clear communication channels, and fostered a collaborative environment to effectively leverage the expertise of each team. Through effective teamwork and communication, we were able to successfully launch a new product that met the needs of our customers."
Question: How do you handle working under pressure or in a fast-paced environment with tight deadlines?
Answer: "I thrive in fast-paced environments and am adept at managing multiple tasks and deadlines. I prioritize effectively, utilize time management techniques, and maintain a calm and focused demeanor under pressure. I also communicate proactively with my team and stakeholders to ensure alignment and manage expectations."
Question: What are your preferred methods for staying motivated and engaged in your work, especially when faced with repetitive or mundane tasks?
Answer: "I find motivation in setting clear goals, breaking down large tasks into smaller milestones, and celebrating accomplishments along the way. I also seek out opportunities to learn new skills, take on challenging assignments, and contribute to projects that align with my interests and values. Even with repetitive tasks, I focus on the bigger picture and the impact my work has on the team and the company."
Question: How do you approach resolving conflicts or disagreements with colleagues or clients in a professional and constructive manner?
Answer: "I address conflicts with a calm and respectful demeanor, focusing on understanding the perspectives of all parties involved. I actively listen, communicate clearly, and seek solutions that address the concerns of everyone involved. I believe in finding mutually beneficial outcomes and maintaining positive working relationships."
Question: Tell me about a time you had to adapt to a significant change in your work environment or company culture.
Answer: "My company underwent a merger that resulted in significant changes to the organizational structure and company culture. I embraced the change, proactively sought to understand the new expectations and values, and adapted my communication and work style accordingly. I also supported my colleagues through the transition and contributed to building a positive and inclusive work environment."
Question: What are your preferred methods for continuous learning and development in your field, and how do you stay current with industry trends and best practices?
Answer: "I utilize various resources for continuous learning, including online courses, industry publications, professional conferences, and networking with colleagues and experts. I also seek out mentorship opportunities and engage in self-reflection to identify areas for growth and development. I believe in staying current with industry trends and best practices to maintain a competitive edge and contribute effectively to the company's success."
Question: Describe a situation where you had to be creative or think outside the box to solve a problem.
Answer: "Our team was tasked with increasing customer engagement on social media, but our traditional strategies were yielding limited results. To overcome this, I proposed a creative campaign involving user-generated content and interactive elements. This unconventional approach significantly boosted engagement and attracted new followers."
Question: How do you build rapport with colleagues or clients from diverse backgrounds?
Answer: "I believe in active listening, respectful communication, and genuine curiosity about others' perspectives. I make an effort to understand different cultural norms and communication styles, and I adapt my approach accordingly. I also look for common ground and shared interests to build strong working relationships."
Question: Tell me about a time you had to deal with a setback or failure on a project.
Answer: "We experienced a significant delay in a project due to unforeseen circumstances. I took ownership of the situation, communicated transparently with stakeholders, and collaborated with the team to develop a revised plan. We learned from the setback, implemented risk mitigation strategies, and ultimately delivered the project successfully."
Question: How do you handle disagreements or conflicts with your supervisor?
Answer: "I address disagreements with my supervisor respectfully and professionally. I first seek to understand their perspective and concerns. Then, I clearly articulate my viewpoint, providing supporting evidence or data when necessary. I focus on finding a mutually agreeable solution that aligns with the company's goals."
Question: Give an example of a time you had to take initiative and lead a project or task.
Answer: "I noticed an opportunity to streamline a process that was inefficient and time-consuming. I took the initiative to research best practices, develop a proposal for improvement, and presented it to my manager. With their approval, I led the implementation of the new process, resulting in significant efficiency gains."
Question: How do you stay motivated when working on repetitive or mundane tasks?
Answer: "I focus on the bigger picture and how my contributions, even on seemingly small tasks, contribute to the team's overall success. I also break down large tasks into smaller, more manageable steps, set mini-goals for myself, and look for ways to optimize or improve the process."
Question: What are your expectations for this role and the company?
Answer: "I'm seeking a challenging and rewarding role where I can utilize my skills and contribute to the company's success. I expect opportunities for professional growth and development, a supportive and collaborative work environment, and clear communication and feedback from my supervisor."
Question: Describe your experience with giving presentations or public speaking.
Answer: "I've had various opportunities to deliver presentations in both academic and professional settings. I focus on clear communication, engaging visuals, and tailoring my content to the audience. I'm also comfortable with public speaking and enjoy sharing information and ideas with others."
Question: How do you handle receiving feedback from multiple sources with potentially conflicting viewpoints?
Answer: "I carefully consider feedback from all sources, even if it appears contradictory. I try to understand the underlying reasons for different perspectives and identify common themes. I then prioritize the feedback that aligns with my goals and the company's objectives."
Question: Tell me about a time you had to work on a tight deadline with limited resources.
Answer: "We had a project with a demanding deadline and limited budget. To overcome this, I prioritized tasks effectively, delegated responsibilities to team members based on their strengths, and explored creative solutions to maximize our resources. We successfully delivered the project on time and within budget."
Question: How do you approach delegating tasks to others?
Answer: "I delegate tasks based on individual strengths, experience, and workload. I clearly communicate expectations, provide necessary resources and support, and empower individuals to take ownership of their responsibilities. I also follow up regularly to track progress and provide guidance."
Question: Give an example of a time you had to persuade a team to adopt a new idea or approach.
Answer: "I proposed a new workflow process that I believed would improve efficiency. To gain team buy-in, I presented data supporting my proposal, addressed concerns, and highlighted the potential benefits. Through clear communication and collaboration, I successfully persuaded the team to adopt the new approach."
Question: How do you maintain a work-life balance and prevent burnout?
Answer: "I prioritize my well-being by setting boundaries between work and personal time. I engage in activities outside of work that I enjoy, such as [mention your hobbies or interests]. I also practice self-care, prioritize sleep, and make time for relaxation and rejuvenation."
Question: What are your salary expectations, and what factors are most important to you in considering a job offer?
Answer: "My salary expectations are in the range of [mention your desired range], based on my skills, experience, and research on comparable positions. However, I'm also prioritizing factors such as opportunities for growth and development, a positive work environment, and the company's values and culture."