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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:
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 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?

Answer: "I believe in active listening, respectful communication, and genuine curiosity about others' perspectives. I make an effort to understand different cultural norms and communication styles, and I adapt my approach accordingly. I also look for common ground and shared interests to build strong working relationships."

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?

Answer: "I address disagreements with my supervisor respectfully and professionally. I first seek to understand their perspective and concerns. Then, I clearly articulate my viewpoint, providing supporting evidence or data when necessary. I focus on finding a mutually agreeable solution that aligns with the company's goals."

Question: Give an example of a time you had to take initiative and lead a project or task.

Answer: "I noticed an opportunity to streamline a process that was inefficient and time-consuming. I took the initiative to research best practices, develop a proposal for improvement, and presented it to my manager. With their approval, I led the implementation of the new process, resulting in significant efficiency gains."

Question: How do you stay motivated when working on repetitive or mundane tasks?

Answer: "I focus on the bigger picture and how my contributions, even on seemingly small tasks, contribute to the team's overall success. I also break down large tasks into smaller, more manageable steps, set mini-goals for myself, and look for ways to optimize or improve the process."

Question: What are your expectations for this role and the company?

Answer: "I'm seeking a challenging and rewarding role where I can utilize my skills and contribute to the company's success. I expect opportunities for professional growth and development, a supportive and collaborative work environment, and clear communication and feedback from my supervisor."

Question: Describe your experience with giving presentations or public speaking.

Answer: "I've had various opportunities to deliver presentations in both academic and professional settings. I focus on clear communication, engaging visuals, and tailoring my content to the audience. I'm also comfortable with public speaking and enjoy sharing information and ideas with others."

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.

Answer: "We had a project with a demanding deadline and limited budget. To overcome this, I prioritized tasks effectively, delegated responsibilities to team members based on their strengths, and explored creative solutions to maximize our resources. We successfully delivered the project on time and within budget."

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.

Answer: "I proposed a new workflow process that I believed would improve efficiency. To gain team buy-in, I presented data supporting my proposal, addressed concerns, and highlighted the potential benefits. Through clear communication and collaboration, I successfully persuaded the team to adopt the new approach."

Question: How do you maintain a work-life balance and prevent burnout?

Answer: "I prioritize my well-being by setting boundaries between work and personal time. I engage in activities outside of work that I enjoy, such as [mention your hobbies or interests]. I also practice self-care, prioritize sleep, and make time for relaxation and rejuvenation."

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 unexpected situation with a client.

Answer: "A client was unhappy with a deliverable that didn't meet their initial expectations. I actively listened to their concerns, acknowledged their frustration, and clarified any misunderstandings. I then collaborated with the team to revise the deliverable and ensure it aligned with the client's needs. Through clear communication and a solution-oriented approach, we were able to regain the client's trust and satisfaction."

Question: How do you approach building trust and rapport with colleagues from different departments or teams?

Answer: "I prioritize open communication, active listening, and mutual respect. I make an effort to understand their roles, perspectives, and challenges. I also seek opportunities for collaboration and knowledge sharing to foster strong working relationships across departments."

Question: Tell me about a time you had to make a decision that involved ethical considerations.

Answer: "I faced a situation where a colleague was not adhering to company policies. I weighed the potential consequences and decided to report the issue to my supervisor, even though it was a difficult decision. I prioritized upholding ethical standards and acting with integrity, even when it was challenging."

Question: How do you approach receiving and incorporating feedback on your work?

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

Question: Give an example of a time you had to work on a project with a limited budget or resources.

Answer: "We were tasked with organizing a company event with a limited budget. I researched cost-effective options, negotiated with vendors, and creatively utilized available resources. Through careful planning and resource management, we successfully delivered a successful event within the budget constraints."

Question: How do you handle working under pressure or in a fast-paced environment?

Answer: "I thrive in fast-paced environments and am adept at managing multiple tasks and deadlines. I prioritize effectively, stay organized, and maintain a calm and focused demeanor even under pressure. I also communicate proactively with my team and stakeholders to ensure alignment and manage expectations."

Question: What are your preferred methods for staying motivated and engaged in your work?

Answer: "I set challenging yet achievable goals, break down large tasks into smaller milestones, and celebrate accomplishments along the way. I also find motivation in collaborating with colleagues, learning new skills, and contributing to meaningful projects that align with my values."

Question: How do you approach resolving conflicts or disagreements with colleagues or clients?

Answer: "I address conflicts with a calm and respectful demeanor. I actively listen to understand different perspectives, identify common ground, and seek solutions that address the concerns of all parties involved. I prioritize open communication and collaboration to achieve mutually beneficial outcomes."

Question: Tell me about a time you had to adapt your communication style to effectively convey a message to a specific audience.

Answer: "I was presenting technical information to a non-technical audience. I adapted my communication style by using simpler language, avoiding jargon, and incorporating visual aids and real-world examples to ensure clarity and understanding."

Question: What are your expectations for work-life balance in this role, and how do you prioritize your well-being?

Answer: "I value a healthy work-life balance and believe it's essential for maintaining productivity and well-being. I prioritize my well-being by setting boundaries between work and personal time, engaging in activities I enjoy, and practicing self-care. I also appreciate a company culture that supports work-life balance and employee well-being."