JPMorgan Chase & Co.

Job Description

Global Supplier Services (GSS) organization brings together Category Sourcing, Third Party Oversight, Procurement Operations, Accounts Payable, Supplier Relationship Management, Supplier Diversity, and Customer Experience into one team. This group of more than 1000 employees (in 16 countries) manages the source-to-pay processes for JPMorgan Chase in a manner that mitigates supplier-related Risks, enhances supplier performance and manages supplier expenses, while providing the firm an optimal customer experience.

Job Summary

As a Business & Ops Specialist, within the Global Supplier Services team you will report to a Sourcing and Procurement (Business & Ops) Manager and will be responsible for managing contract data related matters. This position requires an experienced person who will be able to do the contract abstraction, contract review, regulatory compliance check etc.

Job responsibilities:

• Complete abstractions of third party vendor and Inter-Affiliate contracts, identifying required data elements and ensuring they are accurately updated in the contract repository
• Arrange past contract amendments uploaded within contract repository, following the hierarchy and rename contracts following the naming convention as part of clean up initiative and classify the contracts based on the template.
• Support regulatory remediation efforts by identifying the contracts that doesn’t meet regulatory requirements and tag it appropriately
• Support JPMC merger and acquisition process by ensuring that the active contracts between supplier and JPMC acquired entity are uploaded to the repository
• Analyze contract reporting to ensure issues are identified, communicated and resolved
• Ensure documentation is captured and stored in compliance with document retention standards
• Analyze root cause of contract data quality errors; identify themes, trends, lessons learned; recommend corrective actions
• Think critically and independently, provide recommendations and/or conclusions based on quantitative and qualitative analyses performed.
• Support in innovating existing processes and the development of tools to perform recurring tasks in an efficient and automated manner.
• Coordinate across teams from various business units and work in a collaborative team environment.
• Make sure abstractions are completed properly for Schedules tied to all medium and above risk engagements and the respective Masters

Required qualifications, capabilities and skills

• 2+ years of experience in contract abstraction, legal document review, regulatory compliance or other similar experience.
• Able to adapt to change easily
• Works in team environment as well as individually
• Builds strong client relationships
• Exhibits strong organization skills and effective time management
• Self-starter who consistently acts with a sense of urgency and can work with limited guidance and direction from others
• Personal Computer skills with Proficiency in Excel, Adobe and other Microsoft Suite products
• Ariba system working experience
• Good attention to details
• Good problem solving abilities with an analytical mind to research and resolve issues.
• Ability to understand and implement system/procedure/policy changes.

Preferred qualifications, capabilities and skills

• Added preference for a law graduate
• Fluent in English and confident in communicating with stakeholders

About Us

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

About the Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

Global Supplier Services (GSS) manages the source-to-pay cycle, engaging with suppliers, negotiating contracts, conducting risk assessments and evaluating the customer experience. Global teams support sourcing, third party oversight, procurement and payment operations, supplier relationship management and customer experience.