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IT Software Sourcing Procurement Manager/Director

Company: Morgan Stanley
Location: Alpharetta
Posted on: June 3, 2021

Job Description:

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 four core values: putting clients first, doing the right thing, leading with exceptional ideas and giving back, that guide its more than 55,000 employees in 1,200 offices across 43 countries.

Morgan Stanley's Core Values

  • Putting Clients First
  • Doing the Right Thing
  • Leading with Exceptional Ideas
  • Committing to Diversity and Inclusion
  • Giving Back

Reengineering & Expense Management Department (REM)

REM is a division within Morgan Stanley Finance 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 technology partners 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 in this role will perform the following responsibilities:

  • Support and assist senior sourcing managers in executing complex sourcing deals.
  • Manage a global pipeline of low to medium complexity sourcing projects with a primary focus on software and software maintenance with the intent to grow into more complex sourcing
  • As required, 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.)
  • 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
  • Leveraging various resources (e.g. benchmarking/advisory companies, professional associations) and using RFIs, RFPs and/or eAuctions effectively
  • Negotiate NDAs, trial agreements, master agreements, amendments, addendums and maintenance renewals with vendors for different software licensing and delivery models (e.g. on-premise vs cloud, perpetual vs term). Act as the liaison across all process stakeholders including Business Management, Legal, Supplier Risk Management, Contract Administration and Procurement Operations.
  • Prepare supporting documentation for sourcing projects
  • 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 colleagues

The successful candidate will work within the global IT Sourcing organization on the BU Application Sourcing Team, primarily supporting the Wealth Management side of our business. The ideal candidate should have knowledge/experience of the following:

  • IT Software Sourcing, including cloud (IaaS, PaaS and SaaS) and analytics categories
  • Experience working directly with stakeholders at all seniority levels
  • Strong interpersonal skills, and a 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
  • Attention to detail
  • High energy and enthusiasm
  • Be coachable and willing to learn
  • Excellent analytical and communication skills
  • 3-5 years of experience
  • Bachelor's degree
  • Experience with enterprise procurement toolsets, such as Ariba, a plus

Keywords: Morgan Stanley, Alpharetta , IT Software Sourcing Procurement Manager/Director, Other , Alpharetta, Georgia

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