Vendor Manager

4 days ago

London, Greater London, United Kingdom Rothstein Recruitment Full time
Job Description

Vendor Management Specialist - Outsourcing - Banking

Excellent opportunity opens for a Senior Outsourcing & Vendor Officer with strong Contract Management to join an International Bank's London office. This role will manage the onboarding & offboarding of Vendors/Suppliers and maintain relationships with them.

Key Responsibilities & Accountabilities

Vendor/Supplier Relations:

  • Support in overseeing and managing external vendor/supplier relationships to ensure effective collaboration and communication.
  • Facilitate the onboarding and offboarding processes for vendors and suppliers, ensuring smooth transitions and adherence to policies.
  • Conduct thorough due diligence and risk assessments for all vendors and suppliers to ensure compliance with enterprise-wide standards.
  • Implement and monitor ongoing vendor risk management practices to mitigate potential risks associated with outsourcing.
  • Track and oversee renewal and expiry dates of all contractual agreements, ensuring timely renewals and adherence to contractual obligations.

Performance Monitoring and Reporting:

  • Coordinate, track, measure, and report vendor/supplier performance against contractual obligations and costs.
  • Analyse data to identify trends, track performance, and make informed decisions to optimise vendor relationships.
  • Identify commercial sourcing opportunities and support the tendering process to ensure quality of service and value for money.
  • Continuously review and assess the best routes to market to meet business needs and drive cost efficiencies.
  • Ensure compliance with relevant regulations and standards governing outsourcing and vendor management in the financial sector.
  • Stay updated on regulatory changes and implement necessary adjustments to vendor management practices.
  • Utilize analytical expertise to identify savings opportunities and deliver measurable cost savings.

Strategic Alignment and Problem Solving:

  • Align vendor management strategies with the bank's overall business goals and objectives, ensuring strategic coherence.
  • Collaborate with internal stakeholders to integrate vendor management practices into broader organizational strategies.
  • Address and resolve issues that arise in vendor relationships, ensuring smooth operations and minimal disruptions.
  • Implement proactive measures to prevent potential issues and enhance vendor performance.

Project Management:

  • Support projects related to vendor onboarding, offboarding, and performance monitoring, ensuring timely and efficient execution.
  • Apply project management methodologies to streamline processes and improve overall efficiency.

Business Continuity:

  • Assist in developing and maintaining a corporate-wide Business Continuity Plan (BCP) program, policies, and framework documents.
  • Support the line manager in aligning BCP planning, initiatives, and goals with bank's goals and infrastructure capabilities.

Interested candidates should apply.


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