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
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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?
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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?
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Question: How do you stay motivated when working on repetitive or mundane tasks?
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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.
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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.
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Question: How do you maintain a work-life balance and prevent burnout?
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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."
Question: Describe a time you had to deal with a difficult or demanding customer.
Answer: "I encountered a customer who was upset about a delayed order. I actively listened to their concerns, empathized with their frustration, and explained the reason for the delay. I then offered a solution to expedite the order and provided regular updates to keep them informed. Ultimately, my proactive communication and problem-solving approach helped resolve the situation and maintain a positive customer relationship."
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Question: What are your strengths and weaknesses as they relate to this specific role?
Answer: (Tailor your response to the specific requirements of the role.)
"One of my key strengths for this role is my ability to [mention a relevant strength and provide a specific example]. I'm also a strong [mention another relevant strength] and enjoy [mention a related skill or task].
An area I'm working to improve is [mention a weakness that is not critical for the role and explain how you are addressing it]. I believe my strengths align well with the requirements of this position, and I'm committed to continuous improvement."
Question: Describe a situation where you had to make a difficult decision that impacted others.
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Question: How do you handle working with colleagues who have different working styles or personalities?
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Question: Give an example of a time you had to work on a project with a diverse team.
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Question: How do you stay motivated when facing challenges or obstacles?
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Question: What are your preferred methods for receiving feedback on your performance?
Answer: "I appreciate receiving feedback through various channels, including regular one-on-one meetings with my supervisor, formal performance reviews, and informal feedback from colleagues. I value constructive criticism and specific examples that help me understand areas for improvement and grow professionally."