Procurement Sourcing Specialist - Professional Services

Given the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees.

We offer:

• An endless amount of interesting, complex business challenges
• A chance to influence a talent agenda that impacts over 60K employees
• A collegial atmosphere to deliver innovative solutions supported by a world-class team
• A supportive and vibrant multinational environment, we accept individual differences and believe in collaborative team working
• Contingent/Leased assignment working onsite at Morgan Stanley
• Contract via 3rd party agency

You will:

• Review and negotiate commercials of vendor contracts with respect to professional services engagements across assigned divisional coverage for Contract, Project and Outsourced Managed Services
• Perform routine deep dive spend analysis in order to identify and drive cost savings opportunities, including but not limited to RFP, supplier consolidation, Unit Price reduction, Volume Discounting, Benchmarking, etc.
• Support ad hoc expense management initiatives
• Provide reporting and maintenance on a variety of data sets as they relate to:
• Project pipeline
• Vendor spend and cost savings
• Supplier Optimization
• Contract management
• Consultant onboarding
• Strategic Savings and Efficiencies Levers
• Drive baseline reductions and cost avoidance on professional services across divisional coverage
• Ensure ongoing data quality on savings initiatives and completed deals, along with live RFPs.

You have:

• Previous experience in sourcing professional services, including Project SOWs, Outsourcing Transactions and Time and Materials engagements, preferably within Financial Services Industry
• Looking for candidates who have driven cost-saving opportunities in their prior role
• High proficiency in developing and presenting strategic content focused on driving savings
• Evidence of leveraging influencing skills to drive change to purchasing behaviors with measurable outcomes (expense reduction)
• Negotiation of large scale professional services contractual agreements across varying complexity
• Client service skills
• Self-starter and team player
• Results oriented, with the ability to drive strategic initiatives to closure and results
• Previous experience with MS Office (especially excel and PowerPoint) and Reporting (Business Objects, Tableau, Advanced Excel, etc.)
• Previous experience with Ariba, Fieldglass is an advantage

Team profile:

Morgan Stanley's Professional Services Sourcing Group (PSSG) is a global team responsible for sourcing all contract, project and outsourced service engagements across all business units. PSSG currently has an exciting opportunity in Budapest to assist in supporting the Professional Services (Consulting) category.

The qualified candidate will be responsible for working with a cross discipline team comprised of technical, legal, financial and business area subject matter experts. The candidate will be required to assist in the strategic sourcing, procurement, as well as deep analytics, sourcing strategy development and senior management presentations.

About us:

Morgan Stanley is a global financial services firm and a market leader in investment banking, securities, investment management and wealth management services.

Throughout your contingent/leased assignment working onsite at Morgan Stanley, you will be exposed to a truly international and multi-cultural environment that appreciates and respects individuality. Our state-of-the-art offices in the City Centre have been designed to maximize collaboration.

At Morgan Stanley Budapest, we are helping to shape the future of our global business and contributing to our local community. Our team works across numerous areas, including Technology, Mathematical Modeling, Finance, Risk Management and Data & Analytics.

• Interested in flexible working opportunities?
• Please speak to our recruitment team to find out if a flexible working agreement can be supported within this contingent/leased assignment.

Whilst engaged on a contingent assignment onsite at Morgan Stanley you will be provided with a supportive and inclusive environment. Morgan Stanley’s skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences.