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:
How do you handle situations where your team is working under tight deadlines and the quality of work may be at risk?
Answer:
When facing tight deadlines, I prioritize tasks that have the highest impact on the project’s success while ensuring quality standards are maintained. I communicate with the team to assess if additional support or resources are needed to meet the deadline without sacrificing quality. If necessary, I delegate non-critical tasks or adjust the timeline by communicating with stakeholders. Regular quality checks during the process ensure that even under pressure, we meet the project’s goals without compromising on the end product.
Question:
Tell me about a time when you had to mediate a dispute between team members. What approach did you take?
Answer:
During a project, two team members had a disagreement about the direction of a task. I brought both individuals into a neutral setting to discuss their perspectives. I listened carefully to each side and encouraged them to find common ground, focusing on the project’s objectives rather than personal preferences. By helping them communicate openly and guiding the conversation toward a solution, we were able to resolve the conflict and move forward with a clearer, unified approach.
Question:
How do you ensure that your projects are aligned with the company’s strategic objectives?
Answer:
To align my projects with the company’s strategic objectives, I begin by thoroughly understanding the organization’s goals and how the project contributes to them. I regularly communicate with senior leadership to ensure we’re on track and adjust the project plan as necessary to stay aligned. I also set clear, measurable objectives that tie directly to company priorities, which I review at key milestones to ensure ongoing alignment.
Question:
Describe a time when you had to handle a project that was assigned to you at the last minute. How did you manage to deliver it on time?
Answer:
I was once assigned a project last minute with a tight deadline. To manage it, I quickly gathered all the necessary information and prioritized the most critical tasks. I delegated responsibilities to team members based on their strengths and focused on delivering the essential components first. I communicated with stakeholders to set realistic expectations and provided regular updates on our progress. By staying organized and focusing on what was feasible, we delivered the project on time and met the key objectives.
Question:
How do you ensure that your team remains engaged and motivated during long-term projects with little immediate feedback?
Answer:
I keep my team engaged in long-term projects by setting short-term milestones and celebrating small wins along the way. This provides a sense of accomplishment and keeps the team motivated. I also maintain regular communication to ensure that everyone is clear on their contributions to the larger goal. Encouraging team members to share their challenges and successes during regular check-ins helps to foster collaboration and keeps morale high, even when immediate feedback is limited.
Question:
Tell me about a time when you had to manage a project with significant regulatory or compliance requirements. How did you ensure compliance?
Answer:
In a previous project, we had to ensure compliance with strict industry regulations. I started by thoroughly reviewing the regulatory requirements and working closely with the compliance team to integrate those standards into our project plan. I built in checkpoints throughout the project to ensure we were staying compliant, and I held regular reviews with stakeholders to address any potential risks. By embedding compliance into the workflow from the start, we ensured that all deliverables met regulatory standards without causing delays.
Question:
How do you manage a situation where a key team member is suddenly unavailable during a critical phase of the project?
Answer:
If a key team member becomes unavailable during a critical phase, I quickly assess their responsibilities and determine the most urgent tasks. I redistribute the workload among the team, ensuring that the most skilled members take on the critical tasks. If necessary, I adjust the project timeline slightly to accommodate the change and communicate the situation to stakeholders. I also look for external resources or temporary support if the workload exceeds the team’s capacity. By acting swiftly and ensuring clear communication, we can minimize disruption to the project.
Question:
Describe a time when you were responsible for managing a project’s budget. How did you ensure that the project stayed within budget?
Answer:
I managed a project with a tight budget, and to stay within limits, I carefully tracked all expenses from the start. I reviewed the budget regularly and identified areas where we could reduce costs without impacting the project’s quality. I negotiated with vendors for discounts and found ways to optimize resource allocation. By maintaining close control of the budget and making adjustments where needed, we were able to complete the project within the allocated financial resources.
Question:
How do you handle a situation where the project goals are unclear or frequently changing?
Answer:
When project goals are unclear or frequently changing, I prioritize communication with stakeholders to clarify objectives and gather as much information as possible. I document changes and ensure that the team understands the new direction. I also implement a flexible project plan that can adapt to evolving goals without causing delays. By maintaining ongoing dialogue and being adaptable, I ensure that the team stays focused and aligned, even when the objectives shift.
Question:
Tell me about a time when you had to manage a project with tight interdependencies between teams. How did you ensure coordination?
Answer:
In a project with tight interdependencies between teams, I set up a clear communication plan from the outset. We held regular cross-team meetings to update each other on progress and address any blockers that could impact other teams. I also created a shared project dashboard to track dependencies and ensure transparency. By keeping everyone aligned and addressing potential issues early, we were able to maintain smooth coordination and meet our shared deadlines.
Question: Describe a time you had to work with a team to achieve a shared goal. What role did you play, and what was the outcome?
Answer: (Focus on your teamwork skills and contributions.)
"In my previous role, we had a project to [briefly describe the project and goal]. I played the role of [your role, e.g., project coordinator, lead developer, etc.], and my key responsibilities included [list your key responsibilities]. To ensure success, I [describe your actions, e.g., facilitated communication, organized meetings, tracked progress, resolved conflicts, etc.]. As a result of our collaborative efforts, we [describe the positive outcome, e.g., delivered the project on time and within budget, exceeded expectations, etc.]."
Question: How do you handle stress and pressure in the workplace?
Answer: "I manage stress by prioritizing tasks, staying organized, and practicing time management techniques. I also believe in maintaining a healthy work-life balance and engaging in activities outside of work that help me relax and recharge. When faced with pressure, I focus on breaking down tasks into smaller steps, setting realistic expectations, and communicating effectively with my team and stakeholders."
Question: Tell me about a time you had to deal with a conflict within a team.
Answer: (Focus on your conflict-resolution skills and positive outcomes.)
"In a previous team project, there was a disagreement about the best approach to [describe the issue]. To resolve the conflict, I facilitated a discussion where everyone could express their perspectives and concerns. I actively listened to each team member, identified common ground, and helped the team reach a consensus on a solution that addressed everyone's needs. Through open communication and a collaborative approach, we were able to move forward effectively and achieve our project goals."
Question: Give me an example of a time you had to make a quick decision in a challenging situation.
Answer: (Highlight your decision-making skills and ability to think on your feet.)
"During a product demonstration, we encountered an unexpected technical issue. To avoid disrupting the presentation, I quickly assessed the situation, identified the potential causes, and decided to [describe your decision and actions]. This allowed us to continue the demonstration smoothly and minimize any negative impact on the audience. Later, I investigated the issue thoroughly to prevent it from happening again."
Question: What are your preferred methods for learning new information or skills?
Answer: (Show your eagerness to learn and adapt.)
"I'm a proactive learner and enjoy exploring different learning methods. I find hands-on experience to be particularly effective, so I seek out opportunities to apply new knowledge in practical settings. I also utilize online resources, attend workshops and training sessions, and learn from colleagues and mentors. I believe in continuous learning and am always seeking to expand my skillset."
Question: How do you measure your own success?
Answer: (Connect your personal definition of success to the company's values or goals.)
"I measure success by my ability to contribute to the team's goals and make a positive impact. Achieving tangible results, exceeding expectations, and continuously improving my skills are all important indicators of success for me. I also value the positive feedback I receive from colleagues and clients, as it demonstrates the value I bring to the organization. Ultimately, success for me is about making a meaningful contribution and leaving things better than I found them."
Question: What are your long-term career aspirations?
Answer: (Be ambitious but realistic. Align your answer with the company's potential career paths.)
"My long-term career aspiration is to become a recognized expert in [your field/area of interest] and take on leadership roles where I can inspire and mentor others. I'm passionate about [mention your passion related to your career] and want to contribute to [mention a broader goal or vision]. I believe this company provides the ideal environment to develop my skills, grow professionally, and achieve my long-term career goals."
Question: Describe a situation where you had to go above and beyond to meet a customer's needs.
Answer: "A customer needed a product urgently for a time-sensitive project, but it was out of stock. I researched alternatives, found a comparable item, and personally expedited its shipping to ensure it arrived on time. The customer was thrilled with my proactive problem-solving and commitment to their satisfaction."
Question: How do you approach learning new technologies or software?
Answer: "I'm a quick learner and enjoy exploring new technologies. I typically start with online tutorials and documentation to grasp the fundamentals. Then, I apply my knowledge through hands-on practice and experimentation. I also seek out opportunities to collaborate with colleagues and learn from their expertise."
Question: Tell me about a time you had to adapt your communication style to effectively convey a message.
Answer: "I was presenting a complex technical concept to a non-technical audience. I adjusted my communication style by using simpler language, visual aids, and real-world examples to ensure clarity and understanding. This approach helped me effectively convey the information and engage the audience."
Question: Describe a time you received negative feedback. How did you respond?
Answer: "I received feedback that my presentation lacked clarity on a specific point. I appreciated the feedback, asked clarifying questions to understand the concern, and revised my presentation to address the issue. I also used this as a learning opportunity to improve my presentation skills for the future."
Question: How do you maintain a positive attitude in challenging situations?
Answer: "I focus on finding solutions, maintaining open communication with my team, and celebrating small wins along the way. I also believe in learning from setbacks and viewing challenges as opportunities for growth."
Question: Give an example of a time you had to work independently on a project.
Answer: "I was tasked with conducting market research for a new product launch. I independently developed the research plan, gathered data from various sources, analyzed the findings, and presented my recommendations to the team. This demonstrated my ability to manage my time effectively and deliver results autonomously."
Question: How do you stay organized and manage your time effectively?
Answer: "I utilize a combination of tools and techniques, including to-do lists, calendars, and project management software. I prioritize tasks based on deadlines and importance, and I break down large projects into smaller, manageable steps. I also regularly review my progress and adjust my approach as needed."