Vendor Management Specialist, AVP

Role Description

Vendor Management Specialist is responsible for the service relationship with a vendor on a transactional level and for transactional vendor related support tasks. Work includes:

• Managing or performing strategic sourcing work to manage risk and optimize the value/resilience of materials/services sourcing.
• Establishing supplier relationship management processes and continuous improvement goals/programs
• Negotiating contracts and coordinating supplier integration plans with internal clients
• Monitoring market dynamics that impact materials/services availability and/or pricing
• Partnering with internal clients to identify sourcing needs, develop buyer/market profiles, identify marketplace trends, and define acceptable service levels.

Your key responsibilities

The IVMO Vendor Management Specialist is responsible for and acts as a support function to the Business Advisor Manager & Partner with the creation of MI and data extraction and reporting to drive better decision making. Responsible for ensuring business function adherence to bank wide policies and processes. Drives automation & self-service reporting creation. Key Responsibilities includes:

• Support the Business Advisor Manager to develop, determine and execute the IT Domains Vendor & segmentation strategy.
• Responsible for maintaining full data transparency of the IT domains business priorities.
• Responsible for creation of IT Domains contract performance MI
• Partner with the DVMO Vendor centric group and provide business context to the vendor reviews.
• Builds, maintains and leverages strong network and partnerships within the IT Domain and iVMO.
• Work proactively with the Business to ensure process adherence
• Ensure all relevant documents and plans in place to ensure full business and data alignment.
• Managing all Sourcing transactionsincl. tracking and reporting
• In addition, be part of a central BAU Business Partner team to ensure, that all Sourcing event transactions will be managed properly

Your skills and experience

• Good understanding of contract creation and financials
• Relationship building and stakeholder management skillset.
• Business case and benefits management
• Data extraction, analytics & reporting
• Automation & self-service report creation
• Ability to diagnose improvement areas across processes, tools, and systems.
• Business Process, tool, and techniques
• Understanding of DB Policies
• Domain and business process management knowledge
• Fully conversant with Vendor Service Delivery metrics (SLA/KPIs/KRIs)