Morgan Stanley

Firmwide Sourcing Lead – Sourcing & Procurement (Hybrid)

Morgan Stanley$100K — $130K *
Business Services
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 6 years of experience in Indirect sourcing roles.
  • Bachelor's degree is required.
  • Proven expertise in Category Management and complex RFP execution.
  • Strong commercial negotiation and influencing skills.
  • Familiarity with procurement tools like Ariba or Coupa.
  • Experience in contract interpretation and drafting.
  • Ability to demonstrate expertise in commodities such as Professional Services or Marketing.

Responsibilities

  • Facilitate new supplier engagements and service renewals.
  • Act as a trusted advisor to stakeholders, collaborating with technology teams.
  • Develop effective sourcing strategies that enhance business value.
  • Leverage competitive bids and benchmarking to maximize commercial impact.
  • Analyze supplier proposals and negotiate contract terms.
  • Collaborate with Finance, Legal, and Compliance on contracts.
  • Complete necessary documentation for the Source to Pay process.

Benefits

  • Hybrid work environment offering flexibility between remote and office work.
  • Opportunity to work in a corporate services division that focuses on enhancing employee and client experiences.
Full Job Description

We're seeking someone to join our team as a Firmwide Sourcing Lead to be responsible for managing Indirect sourcing activities. Commodities include HR Benefits, Travel, Professional Services, Marketing.

In the Corporate Services division, we empower our businesses by creating collaborative workplace solutions and commercial services that enhance the employee and client experience, while optimizing the value of our sourcing and third-party lifecycle to enable the Firm to do-and-win business. This is a Vice President level position within Sourcing / Procurement, which is responsible for procurement (e.g., purchasing and supply chain activities), as well as vendor management (e.g., business requirements gathering, sourcing strategy, competitive and market assessments, negotiation, contracting, and relationships associated with outsourced services).

What you'll do in the role:

  • Facilitate new supplier engagements and service/product renewals with a focus on the assigned category and strategic suppliers.

  • Serve as a trusted advisor to business stakeholders and work collaboratively with technology colleagues.

  • Develop sound sourcing and commodity strategies that drive business value and mitigate risk.

  • Maximize commercial impact through use of competitive bids and benchmarking/advisory.

  • Analyze supplier proposals and negotiate best in class contract terms and value proposition.

  • Work cross-functionally Finance, Legal and Compliance to draft and execute contracts.

  • Complete documentation and system requirements as required to enable the Source to Pay process.

What you'll bring to the role:

  • Experience in Category Management and running complex RFPs.

  • Able to demonstrate subject matter expertise in at least one or more commodity areas:

    • Experience in Professional Services Commodity, including drafting complex Statements of Work, or;

    • Experience in the execution of large and complex Benefits Agreements, Learning and Development Commodity, and/or Marketing and Business Development Sourcing, or;

    • Experience in the execution of large and complex travel agreements, with demonstrated thought leadership in designated categories.

  • Commercial negotiation and influencing skills to drive savings and deliver value to stakeholders.

  • Experience in contract interpretation, analysis and drafting across Master and Sub-Agreements.

  • Strong Sourcing skills and the ability to execute across all elements of the Source to Manage lifecycle.

  • Have experience using procurement tools such as Ariba or Coupa.

  • At least 6 years of relevant experience in Indirect sourcing positions and a Bachelor's degree.

All our positions are located in Montreal, Quebec. We offer a hybrid work environment, combining remote work and attendance in the office.

Knowledge of French and English is required.

About Morgan Stanley

Morgan Stanley Investment Management are active managers of capital, working to outperform the market and deliver results for their clients. Morgan Stanley Investment Management's long-tenured professionals apply their experience and expertise across public and private markets, in single-sector, multi-asset and custom solutions.

Morgan Stanley Careers

Joining Morgan Stanley today means becoming part of a global team dedicated to strengthening communities, pioneering innovation, and fostering diversity. As a leading global financial services firm, Morgan Stanley offers unparalleled job opportunities, career growth, and a culture of leadership that together create an exceptional employment experience. Work You’ll Do At Morgan Stanley, you will collaborate with knowledgeable professionals to drive innovation and deliver solutions in financial services. Our team is composed of diverse, talented individuals who bring their unique skills and perspectives to work every day, setting the standard for leadership in the global market. Morgan Stanley is not just a company; it's a place where ambitious, creative, and skilled individuals can build a rewarding career. Here, you can experience the benefits of a vibrant culture dedicated to professional growth and diversity training. Internship Programs Kickstart your career with Morgan Stanley’s internship programs. These positions offer invaluable industry insights and professional experience to students and recent graduates. Interns at Morgan Stanley gain hands-on experience, working alongside seasoned experts in a dynamic, supportive environment. Innovation and Professional Growth We believe in the power of innovation to solve complex problems and encourage our team to think differently and act boldly. Morgan Stanley supports your career development through comprehensive training, development programs, and leadership workshops, ensuring that every employee has the tools they need to succeed. Join Our Team Explore the various job opportunities at Morgan Stanley, from entry-level positions to executive roles. We are hiring individuals who are passionate about finance and eager to contribute to a team that values integrity, excellence, and a forward-thinking mindset. Enhance your skills through our networking events, mentorship opportunities, and ongoing professional development. Stay Connected Keep up to date with the latest from Morgan Stanley Careers by subscribing to our job alert emails. Tailor your preferences to receive updates about new postings, career tips, and exclusive insights from our team leaders. Apply Now Ready to take the next step in your career? Search open positions that match your skills and interests on the Morgan Stanley Jobs portal. Prepare your resume, refine your interview techniques, and join a company that values innovation and leadership. At Morgan Stanley, we’re not just building careers—we’re developing leaders. Discover how far your talents can take you by joining our team today.
Learn more about Morgan Stanley
Size
77,000 employees
Market Cap
$144.1 billion
Industry
Net Income
$10.9 billion
Founded
1935
5 Year Trend
+10%
Revenue
$52 billion
NASDAQ

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