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Corporate Finance - Vendor Financial Management - Associate - London

Job Description

The GTI Vendor Financial Management (VFM) team provides business & financial support to the Global Technology Infrastructure (GTI) organization across a broad number of strategic vendor initiatives.  GTI spends approximately $2.0B per year with third party providers on hardware, software, telecommunications and professional services.  The VFM team drive and support programs providing transparency, cost efficiencies, risk mitigation and improved controls & process.
Reporting to the Vendor Financial Management Lead, the incumbent must ensure all reporting requirements are fulfilled, and have the flexibility to accommodate ad hoc analysis to support new vendor deals, third party oversight requirements and vendor optimization efforts. The role provides good exposure to the GTI technology groups, the GTI Third-Party Management Office (TPMO), Strategic Sourcing, Information Risk Management and the wider Business and Financial Management teams.
Core Responsibilities:  
  • Support the GTI Vendor Optimization Program, an effort to reduce vendor expense through improved governance, analysis of management information and pipeline reporting.  Responsible for tracking save opportunities and production of monthly executive level reports highlighting achievements and opportunities.
  • Support the GTI Vendor Reduction Program, an effort to reduce reliance on third-party providers through in-sourcing, elimination or aggregating requirements with a smaller number of strategic suppliers.
  • Develop and maintain reporting for New Vendor Spend and key business drivers including LOB demand, centralisation into GTI and new product requirements.
  • Maintain a Vendor Deal Pipeline.  Provide new deal analysis and financial modeling including aggregate GTI views, what if analysis & ROI analysis. Partner with the JPMC sourcing teams to ensure supporting data is complete for key contracts including multi year financials, contract start & end dates, products & services and entitlements & volume. 
  • Develop and maintain a linkage between the contractual view of new vendor deals and the financials and highlight areas of opportunities & risk in the GTI budget / outlook.  Partner with JPM sourcing managers, GTI Operational Managers & B&FP finance teams to translate sourcing saves into a P&L view and determine impact (+ or -) against the vendor productivity target.  
  • Develop and maintain multi year projections of vendor spend which are utilized in Senior Executive Planning and Forecasting presentations and as inputs into multi-year plan projections.
  • Support Contingent Worker Programs including strategic Beeline roll-out, improvements to worker controls and know your Employee policy implementation.  Develop closer linkages between individual statements of work, the associated vendor workers and the GTI budget / outlook.
  • Partner with the BFM Leads and B&FP (business & financial planning) teams to provide transparency and insight into vendor expense and the underlying business drivers.
  • Drive better linkages into other BFM disciplines including investment management, location strategy & resource management.
  • Ad hoc request fulfillment for Finance, Technology & Sourcing managers.
  • Core Competencies:
    • Strong financial discipline
    • Process orientated
    • Logical, clear thinker
    • Ability to deal with several priorities simultaneously and maintain a flexible approach
    • Proactive approach to improvement & driving change
    • Results oriented and deadline focused
    • Strong communicator
    • Good relationship builder
    • Excellent spreadsheet skills
    • Detail oriented and results driven
    • Ability to work under own initiative
    • Strong influencing skills
    • 5 - 7 Years+ experience in finance or vendor based role with practical experience in core finance disciplines
    • Experience in executive presentation development
    • College degree desired in Finance or Business
Req #: 160033386
Location: London, ENG GB
Job Category: Accounting/Finance/Audit/Risk
Employment Type: Full Time
Potential Referral Amount: Pound Sterling (GBP)

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