Company Profile
Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 75 years, the firm’s reputation for using innovative thinking to solve complex problems has been well earned and rarely matched. A consistent industry leader throughout decades of dramatic change in modern finance, Morgan Stanley will continue to break new ground in advising, serving and providing new opportunities for its clients.
Morgan Stanley is committed to maintaining the first-class service and high standard of excellence that have always defined the firm. At its foundation are five core values: putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion and giving back, that guide its more than 75,000 employees in 1,200 offices across 43 countries.
Morgan Stanley’s Core Values
– Putting Clients First
– Doing the Right Thing
– Leading with Exceptional Idea
– Committing to Diversity and Inclusion
– Giving Back
Reengineering & Expense Management Department (REM)
REM is a division within Morgan Stanley Corporate Services which supports functions that identify and execute opportunities to manage expenses through strategic sourcing, demand management, process reengineering, procurement management and sales and use tax optimization.
IT Sourcing is part of the REM department. It partners with MS’ Technology organization supporting the Firm’s business units to identify best practice solutions that will manage global costs and processes surrounding the acquisition of all IT related goods and services.
The Role & Responsibilities:
The Sourcing Manager will work within the global IT Sourcing organization on the Application Software Sourcing Team and perform the following responsibilities:
– Manage a global pipeline of sourcing projects with varying complexity primarily in the software category
– Partner with MS Business Units and Technology stakeholders to develop sourcing strategies that generate savings, optimize total cost of ownership, improve supplier performance, and reduce risk within the category
– Leverage various resources (e.g. benchmarking/advisory companies, professional associations) and use RFIs, RFPs and/or eAuctions effectively to drive the best commercial outcome
– Negotiate NDAs, trial agreements, master agreements, amendments, addendums and maintenance renewal
– Act as the liaison across all process stakeholders, including Business Management, Legal, Supplier Risk Management, Contract Administration and Procurement Operations, to proactively drive sourcing projects to closure
– Prepare and maintain supporting documentation for all sourcing project
– Comply with, and complete in a timely manner all due diligence and approval tasks required in conjunction with Technology to enable contract execution
– Prepare purchase order requests where applicable
– Act as an advocate and a trusted advisor to business and technology colleague
– Monitor vendor performance and manage ongoing vendor relationships, including conformity to contract terms, resolution of payment disputes and activity related to critical dates (extensions, renewals, price adjustments, etc.), as required
Qualifications:
The ideal candidate should be able to demonstrate the following:
– Software Sourcing experience across different licensing (e.g. perpetual, subscription) and delivery models (e.g. on-premise, cloud)
– Experience working directly with stakeholders at all seniority level
– Strong interpersonal and communication skill
-Commitment to embracing the culture of both Morgan Stanley and the IT Sourcing team
– Experience working with legal and suppliers negotiating contracts, to include contract analysis and drafting
– Ability to work independently and manage a complex workload
– Ability to handle high volume and tight timeframe
– Attention to detail
– High energy and enthusiasm
– Be coachable and willing to learn
– Excellent analytical skill
– Minimum 5 years of experience
– Bachelor’s Degree
– Previous experience leading complex sourcing initiatives, a plu
– Experience with enterprise procurement toolsets such as Ariba, a plu
Successful candidate is required to work a minimum of 3 Days Per Week in a Morgan Stanley Office.
Morgan Stanley’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Expected base pay rates for the role will be between $85,000 and $135,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.