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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 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."


Question:
How do you handle ambiguity in a project when the objectives are not clearly defined?

Answer:
When faced with ambiguity, I first seek clarification by asking key stakeholders for more context and details on the project’s goals. If the objectives are still unclear, I work with the team to define an initial plan based on the available information, setting up short-term goals to move forward. I also maintain open communication with stakeholders and regularly revisit the project plan to ensure we’re on track as more clarity emerges. By staying adaptable and proactively seeking information, I manage ambiguity effectively while keeping the project moving.

Question:
Tell me about a time when you had to manage a project where resources were stretched thin. How did you ensure successful completion?

Answer:
During a resource-constrained project, I focused on prioritizing the most critical tasks and allocated available resources accordingly. I also cross-trained team members to handle multiple roles, which allowed for flexibility in case of any gaps. I communicated clearly with stakeholders about the resource limitations and adjusted the project timeline to reflect realistic delivery dates. By carefully managing the workload and focusing on key objectives, we were able to complete the project successfully, despite limited resources.

Question:
How do you approach decision-making when the data available is insufficient or incomplete?

Answer:
In situations with insufficient data, I rely on a combination of the available information, past experiences, and expert input to guide my decision-making. I assess the potential risks and benefits of each option and consult with colleagues or stakeholders to gather additional insights where possible. If time allows, I may also conduct a quick analysis or pilot to test potential outcomes. Once a decision is made, I remain flexible, ready to adjust course as more data becomes available.

Question:
Describe a time when you led a project that required significant innovation or creativity. How did you foster that within your team?

Answer:
I led a project where we needed to develop a unique solution to address a customer pain point. To foster innovation within the team, I encouraged brainstorming sessions where everyone could contribute ideas, regardless of their role. I created an open environment where team members felt comfortable sharing unconventional ideas. We also researched industry trends and explored new technologies that could be applied to the project. By promoting a collaborative and creative atmosphere, we were able to develop an innovative solution that exceeded customer expectations.

Question:
How do you manage a project where there is a high level of uncertainty and risk?

Answer:
In high-risk projects, I focus on identifying potential risks early through risk assessments and brainstorming sessions with the team. I create contingency plans for the most likely risks and build flexibility into the project timeline to accommodate unexpected changes. Regular check-ins with the team and stakeholders allow us to monitor for emerging risks and adjust the plan as needed. By preparing for uncertainties and maintaining clear communication, I’m able to mitigate risks and keep the project on track.

Question:
Tell me about a time when you had to make a difficult trade-off between cost, quality, and speed in a project. How did you decide?

Answer:
In one project, we faced a situation where the client wanted faster delivery, but this would have required additional resources, increasing the cost. After discussing the options with the team, I evaluated the client’s priorities and proposed a solution that balanced all three factors. We agreed to focus on delivering the most critical features by the deadline while postponing less important tasks to a second phase. This approach allowed us to meet the client’s immediate needs while staying within budget and maintaining quality.

Question:
How do you handle situations where your team is resistant to a new process or tool?

Answer:
When introducing a new process or tool, I start by explaining the rationale behind the change and how it will benefit the team in the long run. I offer training and support to ensure everyone feels comfortable using the new system and encourage feedback to address any concerns. By involving the team in the implementation process and showing them the value of the change, I reduce resistance and foster a sense of ownership. I also monitor the transition and make adjustments as needed to ensure a smooth adoption.

Question:
Describe a situation where you had to manage a conflict between team members. How did you resolve it?

Answer:
In a previous project, two team members disagreed on the approach to a technical challenge, which was affecting team dynamics. I facilitated a meeting where each person could share their perspective in a structured way. I helped both sides focus on the project’s goals rather than personal differences and encouraged them to find common ground. We eventually agreed on a hybrid solution that incorporated elements from both approaches. By addressing the conflict directly and fostering collaboration, we were able to resolve the issue and improve team cohesion.

Question:
How do you manage scope creep in a project, especially when stakeholders request additional features?

Answer:
To manage scope creep, I establish a clear project scope and deliverables at the outset, which I communicate to all stakeholders. When additional feature requests come in, I assess their impact on the timeline, budget, and resources. If the new requests are critical, I work with stakeholders to adjust the project plan, timelines, or resources accordingly. If the requests are non-essential, I document them for future phases. By maintaining clear boundaries and open communication, I ensure the project stays on track without sacrificing quality.

Question:
Tell me about a time when you had to take initiative on a project without waiting for direction from your manager. What was the result?

Answer:
During one project, I identified an inefficiency in our workflow that was causing delays, but there wasn’t a formal process in place to address it. Instead of waiting for direction, I took the initiative to research potential solutions and proposed a new process to streamline the workflow. I presented it to the team, and after receiving positive feedback, I implemented the changes. The new process significantly reduced delays and improved overall team productivity. Taking the initiative helped solve a critical issue and demonstrated my proactive approach to problem-solving.