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Morgan Stanley | Director - Indirect Sourcing Manager (Corporate Services) | Mumbai, India | 6+ Years | Best in Industry

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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

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 prioritize tasks when you have multiple high-priority deadlines to meet?

Answer:
When faced with multiple high-priority deadlines, I start by assessing each task based on its urgency, impact on the business, and dependencies. I often use a method like the Eisenhower Matrix to categorize tasks by urgency and importance. After understanding the priorities, I break down larger tasks into smaller milestones to ensure progress. I also maintain constant communication with stakeholders to manage expectations, and if necessary, I’m proactive in requesting additional resources or adjusting deadlines. My goal is to balance quality with timely delivery while ensuring no critical details are overlooked.

Question:
Can you give an example of a time when you had to adapt quickly to changes in a project? How did you handle it?

Answer:
In one of my previous projects, we faced a significant change in scope mid-way due to shifting client requirements. The initial project plan was focused on a specific outcome, but we had to pivot due to market changes that the client wanted to address. I gathered the team for an immediate re-assessment, where we re-evaluated our priorities and timelines. We maintained open communication with the client to ensure alignment. Internally, I created a revised roadmap, redistributed resources, and set clear milestones. This adaptive approach allowed us to not only meet the new objectives but also deliver a more refined product, on time.

Question:
How do you handle conflicts within your team, and what steps do you take to ensure they are resolved effectively?

Answer:
When handling team conflicts, I first approach the situation by actively listening to both sides without making assumptions. It’s essential to create an environment where all parties feel comfortable expressing their concerns. After identifying the root cause of the conflict, I facilitate a discussion to find common ground and focus on the project’s goals rather than individual differences. I encourage collaborative problem-solving and ensure that everyone understands their roles and how their contributions affect the broader objective. If necessary, I follow up with the individuals to ensure there is a lasting resolution and that team dynamics remain positive.

Question:
Tell me about a time when you had to work with limited resources. How did you manage to achieve your objectives?

Answer:
In a previous role, I led a project where budget cuts significantly reduced the available resources. Instead of focusing on what we didn’t have, I shifted focus to maximizing efficiency with the resources at hand. I re-evaluated the project plan to identify areas where we could streamline processes and reduce non-essential tasks. I also leveraged cross-functional collaboration to share knowledge and skills across teams. By prioritizing the most critical tasks and fostering a culture of resourcefulness, we were able to meet the project objectives without compromising on quality.

Question:
How do you ensure that you are continuously improving in your professional role?

Answer:
Continuous improvement is a key part of my professional development. I regularly set short-term and long-term goals, ensuring they are aligned with both organizational needs and my personal growth. I actively seek feedback from peers, managers, and stakeholders to identify areas where I can improve. Additionally, I stay updated on industry trends and advancements by attending workshops, webinars, and training programs. I also make it a point to learn from my experiences, analyzing what went well and what could have been better in past projects, and applying those insights moving forward.

Question:
Describe a time when you had to deliver bad news to a client or stakeholder. How did you approach the situation?

Answer:
In one project, we encountered an unexpected technical issue that caused a delay in the delivery timeline. I knew that transparent communication was crucial, so I immediately scheduled a meeting with the client to explain the situation. I provided a clear, honest explanation of the issue, the steps we were taking to resolve it, and the revised timeline. Additionally, I offered potential solutions to mitigate the impact, such as prioritizing certain deliverables. By focusing on the proactive measures we were taking, I was able to maintain the client’s trust and manage expectations effectively.

Question:
How do you ensure effective communication within a distributed or remote team?

Answer:
Effective communication in a distributed or remote team starts with setting clear expectations for communication channels and frequency. I prefer using a combination of asynchronous tools like email and collaboration platforms (e.g., Slack, Teams) along with regular check-ins via video conferencing. I also encourage over-communication, especially when working on time-sensitive or complex tasks, to prevent misunderstandings. It’s essential to maintain transparency and ensure everyone has access to the same information. I also make time for one-on-one meetings with team members to ensure they feel supported and aligned with the team’s objectives. This structured communication ensures that everyone stays connected and informed, regardless of location.

Question:
How do you approach setting and achieving long-term goals in your work?

Answer:
When setting long-term goals, I first break them down into smaller, achievable milestones. I create a roadmap with clear timelines and measurable outcomes to track progress. I also regularly review and adjust the plan as needed to stay aligned with changing circumstances or priorities. By focusing on incremental progress and staying flexible, I ensure that I remain on track while maintaining a clear view of the ultimate objective. Regular self-reflection and feedback help me stay motivated and course-correct when necessary.

Question:
Describe a time when you had to persuade others to adopt a new process or idea. How did you gain their buy-in?

Answer:
In a previous project, I introduced a new workflow tool to streamline team collaboration. Some team members were hesitant, so I presented a clear case, demonstrating the tool’s benefits in terms of time-saving and increased efficiency. I provided real-world examples, offered training sessions to ease the transition, and encouraged feedback to make adjustments. By showing the value and ensuring everyone felt supported, I was able to gain their buy-in, and the new process was successfully adopted, improving overall productivity.

Question:
How do you stay updated on industry trends and integrate new knowledge into your work?

Answer:
I stay updated on industry trends by regularly reading relevant blogs, research papers, and attending webinars or conferences. I also participate in professional groups and online forums where industry experts share their insights. When I come across new knowledge or trends that could benefit my work, I assess how they align with my current projects and look for ways to integrate them. Whether it’s adopting new tools, optimizing processes, or improving my skills, I ensure that my work evolves with the latest industry advancements.

Question:
Tell me about a time when you had to manage uncertainty in a project. How did you ensure progress?

Answer:
In one project, we faced uncertainty due to external factors affecting the delivery schedule. To manage the situation, I developed contingency plans by identifying potential risks and outlining alternative solutions. I kept communication lines open with the team and stakeholders, updating them on any developments and progress. By breaking the project down into smaller tasks and focusing on what we could control, we continued making progress. Regular reviews helped us adjust quickly as new information became available, ensuring we stayed as close to the original timeline as possible.

Question:
How do you handle situations where you need to give constructive feedback to a colleague?

Answer:
When giving constructive feedback, I ensure that it is specific, actionable, and focused on behaviors or outcomes, rather than personal attributes. I choose the right time and setting for the conversation to avoid any distractions. I begin by acknowledging the colleague’s strengths and contributions, then explain the area where improvement is needed, providing examples. I offer suggestions for how they can address the issue and express my confidence in their ability to improve. I also make myself available for follow-up support to ensure positive change.

Question:
Can you describe a time when you had to manage a project across different time zones? How did you ensure effective collaboration?

Answer:
In a project involving teams across multiple time zones, I set up a communication plan that accommodated everyone’s working hours. I established overlapping time windows for meetings and made sure to document discussions and decisions for those who couldn’t attend. We used collaborative tools to share updates and progress asynchronously, ensuring that everyone remained informed and engaged. By being mindful of different time zones and leveraging technology, I ensured that the project moved forward smoothly and maintained effective collaboration despite the geographical differences.

Question:
How do you handle high-pressure situations where quick decision-making is required?

Answer:
In high-pressure situations, I remain calm and focus on gathering the most critical information needed to make an informed decision quickly. I prioritize the decision based on urgency, impact, and available resources, and consult with key stakeholders when possible. If there’s not enough time for a thorough review, I rely on past experience and best practices to guide my choices. Once the decision is made, I communicate it clearly to the team and ensure swift execution. I also remain adaptable, ready to course-correct if new information arises.


Question:
Can you describe a situation where you had to work under pressure to meet a tight deadline? How did you ensure success?

Answer:
In a previous project, we faced an unexpected client request with a tight deadline. To manage the pressure, I immediately prioritized tasks and delegated responsibilities to team members based on their strengths. I communicated clearly with stakeholders about what could realistically be achieved within the given timeframe and focused on critical deliverables. We worked efficiently, leveraging automation tools where possible, and maintained regular check-ins to ensure everyone stayed on track. By staying organized and focused, we met the deadline without sacrificing quality.

Question:
How do you handle projects where there are frequent changes in requirements or priorities?

Answer:
When managing projects with frequent changes in requirements, I stay flexible and maintain open communication with all stakeholders. I ensure that the team understands the evolving priorities and that we adjust timelines and resource allocations accordingly. I also document changes thoroughly to ensure there’s a clear record of the updated scope and objectives. By being adaptable and staying organized, I ensure the project remains aligned with business needs, even as requirements shift.

Question:
Tell me about a time when you had to collaborate with a team from a different department. How did you ensure effective communication and cooperation?

Answer:
In one project, I worked with a team from the marketing department to launch a new product feature. To ensure effective communication, we held regular cross-departmental meetings to align on objectives and timelines. I made an effort to understand the marketing team’s perspective and needs, which helped build trust and cooperation. We also used shared project management tools to keep everyone updated on progress. By fostering open communication and mutual respect, we successfully launched the feature on time and with coordinated efforts.

Question:
How do you ensure that you are effectively managing your time and workload?

Answer:
To manage my time and workload effectively, I use a combination of task prioritization and time management techniques. I start each day by listing my most important tasks and allocating specific time blocks for deep work. I also set realistic deadlines for each task and use project management tools to keep track of progress. By regularly reviewing my workload and adjusting as needed, I stay on top of my responsibilities and ensure that I meet deadlines without feeling overwhelmed.

Question:
Describe a time when you had to mentor or coach a colleague. How did you help them improve?

Answer:
I once mentored a junior colleague who was struggling with time management. We had a one-on-one discussion where I identified the key areas they needed help with. I shared techniques that had worked for me, such as using task prioritization tools and setting short-term goals. Over the next few weeks, I checked in regularly to provide guidance and feedback. By offering support and practical advice, I helped them improve their time management skills, which resulted in a noticeable increase in their productivity and confidence.

Question:
How do you handle confidential or sensitive information in your work?

Answer:
When handling confidential or sensitive information, I adhere strictly to company policies and data protection regulations. I ensure that sensitive data is only shared with authorized personnel and that it is stored securely using encryption or other appropriate security measures. I am also mindful of discussing sensitive topics in secure environments and avoid using unprotected communication channels. By following these practices, I ensure that confidential information is handled responsibly and securely.

Question:
Tell me about a time when you had to handle a difficult client or stakeholder. How did you manage the situation?

Answer:
In one project, we had a client who was unhappy with the progress and started making frequent last-minute changes. I scheduled a meeting to better understand their concerns and realigned the project goals with their expectations. I also set clearer communication channels and boundaries for change requests, ensuring they were submitted with enough time to be implemented. By actively listening and providing transparent updates, I rebuilt trust with the client, and we were able to deliver the project successfully.

Question:
How do you manage competing priorities when multiple tasks demand your attention at the same time?

Answer:
When faced with competing priorities, I assess each task based on its urgency and impact on the overall project or business goals. I prioritize tasks using methods like the Eisenhower Matrix to distinguish between urgent and important tasks. I also communicate with stakeholders to clarify deadlines and expectations. If necessary, I delegate tasks to ensure progress across all areas. By staying organized and maintaining clear communication, I can manage multiple priorities effectively without compromising on quality.

Question:
Describe a situation where you identified a process that needed improvement. How did you implement the change?

Answer:
In a previous role, I noticed that our team’s reporting process was time-consuming and prone to errors due to manual data entry. I proposed automating parts of the process using a new software tool. After getting approval, I worked with the team to implement the tool and provided training to ensure a smooth transition. The result was a more efficient reporting process that reduced errors and saved significant time. This change improved overall team productivity and accuracy.

Question:
How do you handle situations where you receive unclear or incomplete instructions for a task?

Answer:
When I receive unclear or incomplete instructions, I make sure to ask for clarification as soon as possible. I reach out to the person who assigned the task to get more specific details and to ensure I understand the goals and expectations. If clarification isn’t immediately available, I take initiative by breaking down the task based on my best judgment and proceed with a draft or proposal for feedback. This approach helps me stay proactive while ensuring that I deliver results that meet expectations.

Question:
Tell me about a time when you had to motivate a team that was facing challenges or low morale. How did you approach it?

Answer:
In one project, my team was facing burnout due to tight deadlines and high pressure. To boost morale, I scheduled a team meeting where we discussed the challenges openly. I acknowledged their hard work and emphasized the importance of their contributions. We then adjusted the workload by redistributing tasks and set realistic short-term goals to create a sense of accomplishment. I also arranged for small team-building activities to help relieve stress. By showing appreciation and making workload adjustments, I helped the team regain motivation and finish the project successfully.

Question:
How do you ensure accountability within a team, especially when working on complex projects?

Answer:
I ensure accountability within a team by setting clear expectations and assigning specific roles and responsibilities at the start of the project. I break down the project into manageable tasks and milestones, which allows us to track progress and identify any potential bottlenecks early. Regular check-ins and progress reports help keep everyone on track, and I encourage open communication so that any challenges can be addressed promptly. I also lead by example, taking ownership of my own tasks to foster a culture of accountability across the team.

Question:
Describe a time when you had to deliver a difficult message to a client or stakeholder. How did you approach it?

Answer:
I once had to inform a client that we would not be able to meet the agreed-upon deadline due to unforeseen technical challenges. I approached the situation by scheduling a call with the client to explain the issue transparently and provide details about the challenges we were facing. I offered a revised timeline and outlined the steps we were taking to address the problem. By being upfront and offering a solution, I was able to manage the client’s expectations and maintain a positive working relationship despite the setback.

Question:
How do you ensure that you remain adaptable when working in a fast-changing environment?

Answer:
I stay adaptable by maintaining a flexible mindset and being open to change. I regularly review my priorities and adjust my plans as needed to align with new developments. I also make an effort to stay informed about industry trends and new technologies, which helps me anticipate changes before they happen. By keeping communication lines open with stakeholders and embracing continuous learning, I am able to adapt quickly and effectively in fast-changing environments.
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."

Question: How do you approach problem-solving when faced with a complex issue?

Answer: "I break down complex problems into smaller, more manageable components. I gather relevant information, analyze potential causes, and consider various solutions. I also consult with colleagues or experts when necessary. I believe in a structured and analytical approach to problem-solving, while also being open to creative and innovative solutions."

Question: Tell me about a time you had to adapt to a new or unfamiliar situation.

Answer: "I was assigned to a project that required me to learn a new software program quickly. I utilized online tutorials, sought guidance from colleagues with expertise, and dedicated extra time to practice and master the program. My adaptability and willingness to learn enabled me to contribute effectively to the project."

Question: How do you prioritize your tasks when you have multiple competing deadlines?

Answer: "I use a combination of prioritization techniques, such as the Eisenhower Matrix (urgent/important) and the Pareto Principle (80/20 rule). I consider deadlines, the impact of each task, and any dependencies. I also communicate with stakeholders to ensure alignment on priorities and manage expectations."

Question: Give an example of a time you had to work effectively under pressure.

Answer: "We were preparing for a major product launch when a critical issue arose. I remained calm under pressure, quickly assessed the situation, and collaborated with the team to develop a solution. We worked efficiently and effectively to resolve the issue and successfully launch the product on time."

Question: How do you stay informed about industry trends and new developments in your field?

Answer: "I stay current by reading industry publications, attending conferences and webinars, and following thought leaders and experts on social media. I also participate in online forums and communities to engage in discussions and learn from others in my field."

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.

Answer: "In a previous role, I had to make the difficult decision to restructure a team, which involved reassigning roles and responsibilities. I carefully considered the impact on each team member, communicated the rationale transparently, and provided support during the transition. While the decision was challenging, it ultimately led to improved team efficiency and alignment with company goals."

Question: How do you handle working with colleagues who have different working styles or personalities?

Answer: "I appreciate the diversity of working styles and personalities, and I see it as an opportunity to learn and collaborate effectively. I adapt my communication style to suit different individuals, actively listen to understand their perspectives, and focus on finding common ground to achieve shared goals."

Question: Tell me about a time you had to take a calculated risk in your work.

Answer: "I proposed a new marketing campaign that involved a different approach and a larger budget than usual. I presented a thorough analysis of the potential risks and rewards, and I confidently advocated for the campaign. The risk paid off, and the campaign exceeded expectations, resulting in significant growth in customer engagement and sales."

Question: How do you approach learning from your mistakes or setbacks?

Answer: "I view mistakes and setbacks as valuable learning opportunities. I reflect on what went wrong, identify areas for improvement, and adjust my approach accordingly. I also seek feedback from others to gain different perspectives and avoid repeating the same mistakes."

Question: Give an example of a time you had to work on a project with a diverse team.

Answer: "I collaborated on a project with a team from various cultural backgrounds and with different areas of expertise. I embraced the diversity of perspectives, facilitated open communication, and leveraged each team member's strengths to achieve a successful outcome. The experience broadened my understanding of different cultures and approaches to problem-solving."

Question: How do you stay motivated when facing challenges or obstacles?

Answer: "I focus on the bigger picture, break down challenges into smaller steps, and celebrate small wins along the way. I also draw inspiration from mentors and colleagues, and I remind myself of my past successes to maintain a positive attitude and persevere through difficulties."

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."