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
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Question: Describe a time you had to deal with a situation where you had to say "no" to a request from a colleague or client.
Answer: "A colleague requested my assistance on a project with a tight deadline, but I was already committed to other priorities with equally demanding timelines. I explained my current workload and offered alternative solutions, such as connecting them with someone who had the availability or suggesting a revised timeline. While it was important to be helpful, I also recognized the importance of setting realistic expectations and prioritizing commitments."
Question: How do you approach identifying and developing your own strengths and weaknesses?
Answer: "I regularly reflect on my experiences, seeking feedback from colleagues and supervisors to gain insights into my strengths and areas for improvement. I also engage in self-assessment activities and identify opportunities to develop new skills and knowledge through training, mentorship, or challenging assignments. I believe in continuous self-improvement and actively seek opportunities to grow professionally."
Question: Tell me about a time you had to deal with a situation where you made a mistake or error in your work.
Answer: "I made an error in a report that was presented to a client. I took ownership of the mistake, apologized for the oversight, and immediately corrected the error. I also reviewed my work process to identify how the error occurred and implemented measures to prevent similar mistakes in the future. I believe in learning from mistakes and taking proactive steps to improve."
Question: How do you approach building relationships with colleagues from diverse backgrounds and cultures?
Answer: "I value diversity and believe it enriches the workplace. I approach building relationships with colleagues from diverse backgrounds with respect, empathy, and a genuine interest in learning about their perspectives and experiences. I actively listen, communicate openly, and seek opportunities for cultural exchange and understanding."
Question: Give an example of a time you had to work on a project that required you to learn a new skill or technology quickly.
Answer: "I was assigned to a project that required me to learn a new software program within a short timeframe. I utilized online tutorials, consulted with colleagues who had expertise in the program, and dedicated extra time to practice and master the new skill. My ability to learn quickly and adapt to new technologies enabled me to contribute effectively to the project."
Question: How do you handle working in a team environment where there are conflicting personalities or work styles?
Answer: "I view diversity in personalities and work styles as a strength, as it brings different perspectives and approaches to problem-solving. I adapt my communication style to effectively collaborate with individuals with varying preferences, and I focus on finding common ground and shared goals to foster a productive team environment."
Question: What are your preferred methods for staying informed about industry trends and new developments in your field, and how do you apply that knowledge to your work?
Answer: "I stay informed through various channels, including industry publications, professional conferences, online courses, and networking with colleagues and experts. I actively seek out opportunities to learn and apply new knowledge to my work to improve my skills and stay ahead of industry trends."
Question: How do you approach setting priorities and managing your time effectively when faced with multiple competing deadlines and responsibilities?
Answer: "I utilize a combination of prioritization techniques, such as the Eisenhower Matrix (urgent/important) and the Pareto Principle (80/20 rule), to identify the most critical tasks. I also break down large projects into smaller milestones, utilize time management tools, and communicate proactively with stakeholders to ensure alignment and manage expectations."
Question: Tell me about a time you had to take initiative and go above and beyond your regular duties to achieve a goal or solve a problem.
Answer: "I noticed an opportunity to improve 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 supervisor. With their approval, I led the implementation of the new process, resulting in significant efficiency gains and cost savings for the company."
Question: What are your salary expectations for this role, and what are your long-term career aspirations within this company or industry?
Answer: "My salary expectations are in the range of [mention your desired range], based on my skills, experience, and research on comparable positions. My long-term career aspirations include [mention your goals, such as leadership roles, specialization in a specific area, or contributing to the company's growth]. I believe this role aligns with my aspirations by providing opportunities for professional development, challenging assignments, and a path for career advancement within the company."
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 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."