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:
Can you describe a time when you had to manage a sudden change in project scope? How did you handle it?
Answer:
When a project I was leading experienced a sudden change in scope due to client requirements, I quickly gathered the team to reassess the new objectives. I redefined the priorities and updated the project plan to reflect the changes. I communicated the impact of the scope change to all stakeholders, adjusted timelines, and ensured that resources were reallocated effectively. By maintaining flexibility and ensuring transparency, we managed to meet the new requirements without sacrificing quality.
Question:
How do you ensure continuous improvement in your work processes?
Answer:
I implement continuous improvement by regularly reviewing workflows and seeking feedback from team members. After completing projects, I hold retrospective meetings to identify what worked well and where we can improve. I also stay informed about new tools or methodologies that can enhance efficiency. By fostering a culture of open communication and learning, I ensure that improvements are an ongoing process, helping us optimize performance and adapt to changing needs.
Question:
Tell me about a time when you had to meet a tight deadline with limited resources. How did you ensure success?
Answer:
In a previous project with a tight deadline and limited resources, I immediately assessed the most critical tasks and prioritized them. I streamlined workflows by cutting non-essential tasks and optimized resource allocation to focus on high-impact areas. I also communicated clearly with stakeholders about what could realistically be achieved within the constraints. By focusing on the essentials and maintaining clear communication, we met the deadline without compromising the quality of deliverables.
Question:
How do you approach working with stakeholders who have conflicting priorities?
Answer:
When working with stakeholders with conflicting priorities, I start by understanding each stakeholder’s needs and the reasons behind their priorities. I then facilitate a discussion to align on the broader organizational goals and how each priority fits into the bigger picture. By focusing on shared objectives and demonstrating the trade-offs of different options, I help stakeholders come to a compromise. If necessary, I escalate the decision to leadership to ensure alignment with the company’s overall strategy.
Question:
Describe a time when you had to make a difficult decision with limited information. How did you handle it?
Answer:
In one project, I had to make a quick decision on a vendor selection with limited data. I gathered the available information, identified the key factors that would impact the project, and consulted with colleagues who had experience with similar vendors. I weighed the risks and made the decision based on the information I had, while keeping contingency plans in place in case adjustments were needed. The decision turned out well, but the contingency plans ensured that we were prepared for any challenges.
Question:
How do you handle working on a team where people have very different working styles?
Answer:
When working with a team of diverse working styles, I make it a point to understand each person’s strengths and preferences. I adapt my communication and collaboration style to meet the needs of the team members, ensuring that everyone feels comfortable contributing. I also set clear expectations and establish common goals to keep the team focused on the overall objective. Encouraging open dialogue and promoting flexibility helps us leverage the different working styles to achieve better outcomes.
Question:
Can you give an example of how you’ve handled a project where the final outcome didn’t meet initial expectations?
Answer:
In a project where the final outcome didn’t meet initial expectations due to unforeseen technical challenges, I first took responsibility for the result and communicated transparently with the stakeholders. I conducted a detailed post-mortem to identify where things went wrong and what could have been done differently. I worked with the team to develop an action plan to correct the issues and ensure that similar problems wouldn’t occur in future projects. By taking a solution-oriented approach, we were able to address the gaps and regain trust.
Question:
How do you manage competing deadlines from different teams or projects?
Answer:
When managing competing deadlines, I assess the urgency and impact of each project or task. I communicate with all relevant stakeholders to understand their expectations and determine if deadlines can be adjusted. I then create a prioritized plan, ensuring the most critical tasks are completed first while keeping others informed of any changes. If necessary, I delegate tasks to ensure nothing falls behind, while maintaining constant communication to manage expectations and prevent any bottlenecks.
Question:
Tell me about a time when you had to resolve a disagreement between team members. How did you handle it?
Answer:
In a previous role, two team members had a disagreement over the best approach to a project. I facilitated a conversation between them, encouraging each to express their viewpoint openly. I listened carefully and helped them find common ground by focusing on the project’s goals rather than personal preferences. I suggested a compromise that combined elements from both approaches, and we tested the solution to see how it worked in practice. The compromise not only resolved the disagreement but also improved collaboration going forward.
Question:
How do you ensure that your team stays aligned with the project’s objectives and goals?
Answer:
I ensure team alignment by setting clear, measurable objectives at the start of each project and communicating them effectively to the team. I hold regular check-ins to track progress and address any questions or challenges that arise. I also encourage open communication, so team members feel comfortable raising concerns early. By keeping the team focused on the overarching goals and providing ongoing feedback, I ensure that everyone remains aligned and motivated to achieve the desired outcomes.
Question:
Describe a time when you had to make a decision that was unpopular with your team. How did you handle it?
Answer:
In a past project, I had to implement a process change that wasn’t popular with the team because it required additional work upfront. I explained the rationale behind the decision, emphasizing how it would benefit the project in the long run by improving efficiency and reducing errors. I also sought input from the team on how we could implement the change in a way that minimized the burden. By involving the team in the decision-making process and being transparent, I was able to gain their support despite the initial resistance.
Question:
How do you handle underperforming team members to help them improve?
Answer:
When dealing with an underperforming team member, I start by having a one-on-one conversation to understand the reasons behind the performance issues. I provide constructive feedback, focusing on specific areas for improvement and offering support in terms of resources, mentorship, or training. Together, we set clear performance goals with measurable outcomes. I also check in regularly to track progress and provide additional guidance if needed. By creating a supportive environment and setting clear expectations, I help them improve and contribute more effectively to the team.
Question:
Can you describe a situation where you had to quickly adapt to a significant change in the company or industry? How did you handle it?
Answer:
In one instance, the company underwent a major reorganization, which affected team structures and project priorities. To adapt, I took the time to fully understand the new organizational framework and how it impacted my role and responsibilities. I reached out to key stakeholders to realign on goals and expectations. I also worked closely with my team to help them adjust to the changes by providing clarity on new processes and encouraging open discussions. By staying proactive and adaptable, I ensured a smooth transition and minimized disruption to our work.
Question:
How do you manage your own professional development while meeting your work responsibilities?
Answer:
I manage my professional development by setting aside time each week to focus on learning, whether through online courses, reading industry-related content, or attending webinars. I also seek feedback from my peers and supervisors to identify areas where I can improve. I prioritize my development goals alongside my work responsibilities, ensuring that I stay efficient and organized in both areas. By continuously seeking new knowledge and skills, I am able to stay current in my field while meeting the demands of my role.
Question: Describe a time you had to deal with a conflict between two team members.
Answer: "Two colleagues had a disagreement about the direction of a project. I facilitated a meeting where both could express their concerns respectfully. I helped them find common ground, identify shared goals, and ultimately reach a compromise that benefited the project and preserved their working relationship."
Question: How do you handle making decisions with limited information?
Answer: "I gather as much relevant information as possible within the given timeframe, analyze the potential risks and benefits of each option, and consult with colleagues or experts when necessary. I'm comfortable making informed decisions even with incomplete information, and I'm prepared to adapt my approach as new information becomes available."
Question: Tell me about a time you had to take on a leadership role, even if you weren't officially in charge.
Answer: "During a team project, our designated leader was unexpectedly unavailable. I stepped up to coordinate tasks, facilitate communication, and motivate the team to stay on track. My initiative and leadership skills helped us maintain momentum and successfully complete the project."
Question: How do you approach setting goals for yourself and your team?
Answer: "I set SMART goals (Specific, Measurable, Achievable, Relevant, and Time-bound) that align with the company's objectives. I involve the team in the goal-setting process to ensure buy-in and ownership. I also break down large goals into smaller milestones and track progress regularly to maintain motivation and accountability."
Question: Give an example of a time you had to overcome a significant obstacle or challenge in your work.
Answer: "We encountered a major setback in a project due to unforeseen circumstances. I remained positive, analyzed the situation, and developed a revised plan to address the challenges. I motivated the team to persevere, and we successfully overcame the obstacle and delivered the project with minimal delays."
Question: How do you handle working on multiple projects simultaneously?
Answer: "I prioritize tasks effectively, utilize project management tools to stay organized, and communicate clearly with stakeholders about deadlines and progress. I'm adept at managing my time and resources to ensure all projects receive the necessary attention and are completed successfully."
Question: What are your preferred methods for staying organized and managing your workload?
Answer: "I use a combination of tools and techniques, including to-do lists, calendars, project management software, and time blocking. I prioritize tasks based on urgency and importance, and I regularly review my progress to ensure I'm on track."
Question: How do you approach building relationships with clients or customers?
Answer: "I prioritize building trust and rapport by actively listening to their needs, communicating clearly and honestly, and delivering on my commitments. I strive to understand their perspectives, provide excellent service, and maintain long-term relationships."
Question: Tell me about a time you had to deal with a stressful or challenging situation at work.
Answer: "During a product launch, we encountered a last-minute technical issue that threatened to delay the release. I remained calm under pressure, collaborated with the technical team to identify a solution, and communicated effectively with stakeholders to manage expectations. We successfully resolved the issue and launched the product with minimal disruption."
Question: What are your salary expectations for this role, 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 and inclusive work environment, and the company's commitment to [mention values or initiatives that are important to you, e.g., social responsibility, innovation, work-life balance]."
Question: Describe a time you had to deal with a difficult or unexpected situation with a client.
Answer: "A client was unhappy with a deliverable that didn't meet their initial expectations. I actively listened to their concerns, acknowledged their frustration, and clarified any misunderstandings. I then collaborated with the team to revise the deliverable and ensure it aligned with the client's needs. Through clear communication and a solution-oriented approach, we were able to regain the client's trust and satisfaction."
Question: How do you approach building trust and rapport with colleagues from different departments or teams?
Answer: "I prioritize open communication, active listening, and mutual respect. I make an effort to understand their roles, perspectives, and challenges. I also seek opportunities for collaboration and knowledge sharing to foster strong working relationships across departments."
Question: Tell me about a time you had to make a decision that involved ethical considerations.
Answer: "I faced a situation where a colleague was not adhering to company policies. I weighed the potential consequences and decided to report the issue to my supervisor, even though it was a difficult decision. I prioritized upholding ethical standards and acting with integrity, even when it was challenging."
Question: How do you approach receiving and incorporating feedback on your work?
Answer: "I welcome feedback as an opportunity for growth and improvement. I actively listen to the feedback, ask clarifying questions, and reflect on how I can apply the suggestions to enhance my performance. I appreciate specific and constructive feedback that helps me develop my skills and achieve better results."
Question: Give an example of a time you had to work on a project with a limited budget or resources.
Answer: "We were tasked with organizing a company event with a limited budget. I researched cost-effective options, negotiated with vendors, and creatively utilized available resources. Through careful planning and resource management, we successfully delivered a successful event within the budget constraints."
Question: How do you handle working under pressure or in a fast-paced environment?
Answer: "I thrive in fast-paced environments and am adept at managing multiple tasks and deadlines. I prioritize effectively, stay organized, and maintain a calm and focused demeanor even 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?
Answer: "I set challenging yet achievable goals, break down large tasks into smaller milestones, and celebrate accomplishments along the way. I also find motivation in collaborating with colleagues, learning new skills, and contributing to meaningful projects that align with my values."
Question: How do you approach resolving conflicts or disagreements with colleagues or clients?
Answer: "I address conflicts with a calm and respectful demeanor. I actively listen to understand different perspectives, identify common ground, and seek solutions that address the concerns of all parties involved. I prioritize open communication and collaboration to achieve mutually beneficial outcomes."
Question: Tell me about a time you had to adapt your communication style to effectively convey a message to a specific audience.
Answer: "I was presenting technical information to a non-technical audience. I adapted my communication style by using simpler language, avoiding jargon, and incorporating visual aids and real-world examples to ensure clarity and understanding."
Question: What are your expectations for work-life balance in this role, and how do you prioritize your well-being?
Answer: "I value a healthy work-life balance and believe it's essential for maintaining productivity and well-being. I prioritize my well-being by setting boundaries between work and personal time, engaging in activities I enjoy, and practicing self-care. I also appreciate a company culture that supports work-life balance and employee well-being."