Int Vendor Manager to manage vendor relationship(s) through all stages of the agreement lifecycle for a large financial bank - 45710

Description:
Duration: Until Jan 2023
Extension possible: potential
Conversion Possible: potential- hard to say right now

Work Location: Wellington Street West- Hybrid model- WFM most of the week, 1 day in office, local candidates



TIMELINES/IMPORTANT DATES:
• Manager Upcoming PTO: PTO starting June 24th
• Supplier Call: No
• Distribute Requisition: June 8th
• Halting: June 10th
• Shortlist De-Brief: ASAP
• Target interview: ASAP
• Interview de-brief: ASAP

Best Number to Reach for De-Brief:

CANDIDATE PROFILE DETAILS:
Degree/Certifications Required: At least have University Degree, have a vendor mgmt. experience
Years of experience: 2 to 4 years vendor mgmt. working experience
Reason for request/why opened: Net new vendor b/c we are getting more work within the team.
% Interaction with Stakeholders: internal and external
Team Size: team of 10
Personality Style/Team Culture:
Looking for positive, go getter attitude.
Not afraid to go outside of there comfort zone while still being supported by manager
Selling Points of Position:
Great opportunity for growing area, corporate transformation office is new and growing rapidly, centralized shared service area. Area that is growing, lots of room for movement
Great manager and team to work for
HR and other corporate office vendors (audit, finance, risk mgmt.)- diverse portfolio- interesting project
Best Vs Average Candidate:
Skill set- able to communication well with partners, dealing with areas that are new to vendor mgmt., strong mgmt. skills.
How will performance be measured:
Verbal feedback and deliverables (need to be able to build portfolio)



SUMMARY OF DAY TO DAY RESPONSIBILITIES:

• Managing HR vendors and other corporate office vendors (audit, compliance, risk mgmt. etc)
• Learn The Banks Vendor mgmt. policy and standards. Be able to be compliant and implement their Vendor Mgmt’s policy/standards
• Can have up to 40 engagements at a time- Renewal/net new vendors
• Have to make sure you are maintaining your portfolio of vendors. Relationship MGMT is key for this role.
• "Vendor Mgr II- Manages vendor relationship(s) through all stages of the agreement lifecycle, in alignment with relevant Bank frameworks/methodologies, and with business and enterprise objectives. Provide leadership, direction and coaching to teams(s) while partnering with business and executive stakeholders within a line of business. Facilitate and / or support management of enterprise vendors as assigned.
• Generally reports to Senior Manager.
• Manages vendor relationship to business' strategic goals and objectives, understanding and reconciling competing priorities and evolving business requirements Evaluates vendor performance and ensures the prompt and thorough resolution or escalation of performance issues, understanding/managing risks associated with customer facing/impacting vendors Develops and maintains effective relationships with internal Banking partners and vendor(s) to ensure business priorities requirements are clearly understood and met, and objectives are aligned
• Provides advice and guidance to business partners and VM teams as appropriate regarding VM best-practice to optimize and secure value from third-party relationships Understands contractual terms and conditions, and their commercial implications to the business in order to effectively manage vendor agreement(s) and relationship(s) Represents the needs of the business and/or the Bank and actively participate in contract negotiations and enterprise vendor management governance meetings
• Actively engages with SSG sourcing partner to share business, industry and vendor insights in support of strategic planning and contract negotiations
• May provide input into strategic planning, then implement strategic direction set by Business Leadership across all relevant business units, and lines of business in the case of enterprise vendors, including employment of agreed VM governance
• Applies organizational change management principles and practices to effectively manage stakeholder and vendor expectations, anticipating downstream impacts and plan accordingly to minimize disruption (e.g. during vendor transition; on-boarding/off-boarding) Engages business partners to ensure active participation on vendor governance and oversight, ensuring roles and responsibilities are clearly defined Applies sound judgment by understanding priorities, dependencies and making pragmatic decisions in the context of enterprise and line of business objectives
• Develops and retains in-depth knowledge and expertise of market place and industry developments pertaining to vendor relationship, category and business requirements
• Skills: Verbal and written communication skills, attention to detail, customer service and interpersonal skills. Ability to work independently and manage one�s time. Knowledge of business and management principles involved in strategic planning, resource allocation, and production methods. Ability to apply accounting and mathematical principles to work as needed. Ability to analyze business trends and project future revenues and expenses. P
• revious experience with computer applications, such as Microsoft Word and Excel; Enterprise Application experience a plus. Education/Experience: Bachelor's degree in business management, economics, finance, accounting or relevant field required. 2-4 years experience required."

MUST HAVE:

• 2+ Years ofVendor Mgmt Experience
• 2+ Years of Relationship Mgmt experience

NICE TO HAVE

• Strong MS Office/ Computer skills would be great