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London, Greater London, United Kingdom LHV Bank Limited Full time{"title": "Vendor Management Specialist", "content": "Job DescriptionLHV Bank Limited is seeking a skilled Vendor Management Specialist to join our team. As a leading Banking Services provider, we deliver a wide range of services, including real-time multi-currency payments, accounts, acquiring, indirect scheme access, open banking, and FX solutions.The...
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Strategic Vendor Liaison
2 months ago
Vector Resourcing is seeking an experienced Strategic Vendor Liaison to join our team. As a key member of our procurement team, you will be responsible for establishing and maintaining strategic relationships with key IT vendors and suppliers.
The ideal candidate will have a proven track record of managing vendor relationships, reviewing and monitoring contracts, and developing strategies for contract renewals and risk management.
This is a critical role that requires a high level of expertise in vendor management, contract negotiation, and procurement strategy.
Key Responsibilities- Vendor Relationship Management: Develop and maintain strong relationships with key IT vendors and suppliers, including Microsoft, Oracle, SAP, and smaller service providers.
- Contract Review and Management: Review, monitor, and manage all vendor contracts to ensure terms are adhered to and optimized.
- Contract Renewal Strategy: Develop a strategy for handling upcoming contract renewals, including vendor negotiations and evaluation of contract terms.
- Risk Management: Identify vendors or contracts at risk and implement strategies to mitigate any potential issues.
- Collaboration and Decision-Making: Work closely with the procurement team and senior leadership to make informed decisions regarding vendor performance, contract renewals, and future partnerships.
- Team Leadership: Oversee and mentor a Procurement Officer, who will provide support with contract administration and day-to-day procurement tasks.