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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: Describe a situation where you had to work with a team to achieve a goal that you didn't initially believe was possible.

Answer: "Our team was tasked with completing a project with a very tight deadline that initially seemed impossible. However, through effective collaboration, clear communication, and a shared commitment to success, we were able to overcome the challenges and deliver the project on time. The experience taught me the power of teamwork and the importance of believing in collective capabilities."

Question: How do you approach dealing with ambiguity or uncertainty in your work?

Answer: "I embrace ambiguity as an opportunity for creativity and innovation. I gather as much information as possible, analyze potential scenarios, and develop flexible plans that allow for adaptation. I also communicate proactively with stakeholders to manage expectations and ensure alignment."

Question: Tell me about a time you had to make a difficult decision that involved balancing competing priorities.

Answer: "I was leading a project with a fixed budget and a tight deadline. We encountered an unexpected issue that required additional resources. I had to make a difficult decision to prioritize certain features over others to stay within budget and deliver the project on time. I carefully weighed the trade-offs, consulted with stakeholders, and made an informed decision that balanced competing priorities."

Question: How do you approach delegating tasks to others and empowering them to succeed?

Answer: "I delegate tasks based on individual strengths, experience, and development goals. I provide clear expectations, necessary resources, and ongoing support. I also encourage autonomy and empower individuals to take ownership of their responsibilities, while remaining available for guidance and feedback."

Question: Give an example of a time you had to take a calculated risk in your work that paid off.

Answer: "I proposed a new marketing strategy 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 strategy. The risk paid off, and the campaign exceeded expectations, resulting in significant growth in customer engagement and sales."

Question: How do you handle receiving negative feedback or criticism from a client or customer?

Answer: "I listen actively to understand their concerns, acknowledge their frustration, and apologize for any shortcomings. I then focus on finding solutions and taking corrective action to address the issues raised. I aim to turn negative feedback into an opportunity to improve and strengthen the client relationship."

Question: What are your preferred methods for staying organized and managing your time effectively when working on multiple projects with competing deadlines?

Answer: "I utilize 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, break down large projects into smaller milestones, and regularly review my progress to ensure I'm on track."

Question: How do you approach building and maintaining a positive and collaborative team environment?

Answer: "I foster a positive team environment by promoting open communication, mutual respect, and a shared sense of purpose. I encourage collaboration, celebrate team accomplishments, and recognize individual contributions. I also address conflicts constructively and foster a culture of trust and support."

Question: Tell me about a time you had to adapt to a significant change in your work environment or responsibilities.

Answer: "My company underwent a restructuring that resulted in a shift in my role and responsibilities. I embraced the change, proactively sought clarification on my new expectations, and quickly adapted to the new structure. I also supported my colleagues through the transition and maintained a positive attitude throughout the process."

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 engage in continuous learning through various channels, including online courses, industry publications, conferences, and workshops. I also seek out mentors and colleagues with expertise in areas I want to develop. I actively participate in professional networks and online communities to stay informed about industry trends and best practices."
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 deal with ambiguity or uncertainty in your work.

Answer: "We were developing a new product for a market with limited data available. To navigate the uncertainty, I conducted thorough market research, engaged with potential customers to understand their needs, and developed a flexible plan that allowed us to adapt as we gathered more information. We also embraced an iterative approach, testing and refining our product based on feedback and evolving market insights."

Question: How do you approach building consensus within a team when there are differing opinions?

Answer: "I encourage open communication and active listening to ensure everyone's perspective is heard and understood. I facilitate discussions to identify common ground, explore alternative solutions, and guide the team towards a consensus that benefits the project and respects individual viewpoints."

Question: Tell me about a time you had to go above and beyond to meet a deadline.

Answer: "We were facing a critical deadline for a project when an unexpected issue arose. I took ownership of the situation, worked extra hours, and collaborated closely with the team to resolve the issue and deliver the project on time. My dedication and commitment ensured we met our obligations despite the challenges."

Question: How do you handle criticism or negative feedback?

Answer: "I view criticism as an opportunity for growth and improvement. I actively listen to the feedback, ask clarifying questions to understand the perspective, and reflect on how I can apply the insights to enhance my performance. I appreciate when feedback is specific and actionable, and I strive to incorporate it into my work to achieve better outcomes."

Question: Give an example of a time you had to work on a project that required you to step outside your comfort zone.

Answer: "I was tasked with leading a presentation to a large audience, which was outside my usual responsibilities. I embraced the challenge, prepared thoroughly, and practiced my delivery. Despite initial nervousness, I successfully delivered the presentation and gained valuable experience in public speaking."

Question: How do you maintain your composure and focus in stressful situations?

Answer: "I prioritize tasks, break down complex situations into smaller steps, and practice mindfulness techniques to stay present and focused. I also communicate effectively with my team and stakeholders to manage expectations and reduce stress levels."

Question: What are your long-term career goals, and how does this position align with your aspirations?

Answer: "My long-term goal is to become a leader in my field and contribute to [mention a broader goal or vision]. This position aligns with my aspirations by providing opportunities to [mention specific skills or experience you'll gain] and contribute to [mention company goals or projects]. I'm excited about the potential for growth and development within this company."

Question: Describe a time you had to persuade someone to see your point of view.

Answer: "I proposed a new approach to a project that I believed would be more efficient. However, a colleague was resistant to change. I presented data and research to support my idea, addressed their concerns, and highlighted the potential benefits. Through persuasive communication and collaboration, I successfully convinced them to embrace the new approach."

Question: How do you handle working with a difficult or challenging teammate?

Answer: "I approach challenging situations with empathy and understanding. I try to understand the root cause of the difficulty and address it constructively. I maintain open communication, focus on finding common ground, and seek solutions that benefit the team and the project."

Question: Tell me about a time you had to adapt to a change in plans or priorities.

Answer: "We were midway through a project when a new priority emerged that required us to shift our focus. I quickly reassessed the situation, adjusted our plans, and reallocated resources to accommodate the change. My flexibility and adaptability ensured we met the new demands effectively."

Question: How do you approach learning new skills or knowledge in your field?

Answer: "I'm a proactive learner and utilize various resources, such as online courses, industry publications, and workshops. I also seek out mentors and colleagues with expertise in areas I want to develop. I believe in continuous learning and am always seeking to expand my knowledge and skills."

Question: Give an example of a time you had to take initiative and solve a problem without being asked.

Answer: "I noticed a recurring issue that was impacting team efficiency. I took the initiative to research potential solutions, analyze the root cause, and propose a solution to my supervisor. My proactive approach and problem-solving skills led to a positive change that benefited the entire team."

Question: How do you handle constructive criticism from your supervisor or colleagues?

Answer: "I welcome constructive criticism as an opportunity for growth. I actively listen to the feedback, ask clarifying questions, and reflect on how I can apply the suggestions to improve my performance. I appreciate specific and actionable feedback that helps me develop my skills and achieve better results."

Question: What are your expectations for professional development and growth opportunities within this company?

Answer: "I'm seeking a company that values employee growth and provides opportunities for continuous learning and development. I'm interested in mentorship programs, training workshops, and opportunities to take on new challenges and expand my skillset. I believe investing in employee development fosters a culture of growth and innovation."