Vendor Relationship Manager

1 week ago


London, United Kingdom Parameta Solutions Full time
About Parameta Solutions

Parameta Solutions is a leading provider of data and analytics solutions to the financial industry. Our mission is to deliver high-quality, unbiased data and insights to our clients, enabling them to make informed business decisions.

Job Overview

The Vendor Relationship Manager at Parameta Solutions plays a critical role in managing and optimizing vendor partnerships, ensuring compliance with our procurement policies and third-party risk management requirements. This position involves overseeing key commercial, contractual, and performance aspects of our vendor agreements, working closely with our procurement team on contract negotiations, renewals, and dispute resolution.

Key Responsibilities
  • Manage relationships with internal stakeholders to ensure alignment with business objectives.
  • Negotiate and monitor key commercial, contractual, and performance stipulations in vendor agreements.
  • Support the procurement team in the execution of sourcing new contracts, renewals, and renegotiations with vendors.
  • Benchmark new and existing services to ensure commercial terms are appropriate and fit for purpose.
  • Manage stakeholder relationships to capture strategic business requirements and improve overall business solutions.
  • Provide sourcing pipeline for future procurement activity.
  • Participate in contract negotiations and ensure compliance with regulatory and legislative requirements.
  • Manage and execute governance of vendor relationships, including contract management and dispute resolution.
  • Build strong relationships with internal stakeholders to effectively manage vendor relationships.
Requirements
  • Proven experience in supplier relationship management, category management, or business development.
  • Procurement experience within the technology industry is preferred.
  • Proficient in supplier relationship management best practices and strategies.
  • Experience with third-party risk management principles and processes.
Desirable Skills
  • Highly effective written and verbal communication skills.
  • Comfortable working in fast-paced or pressured environments.
  • Demonstrated analytical ability and problem-solving skills.
  • High organization skills with a proactive approach.
Language

English (en-US)



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