Vendor Management Specialist

Role Description

Vendor Management 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 including
• 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

• Manage end-to-end vendor service relationship, which includes but not limited to Sourcing, Contracting, Negotiation and third-party risk management
• Primary contact for the vendor engagement and responsibility for the vendor related risk management process
• Deliver the daily workload, activities and tasks of the vendor management functions to ensure all vendor remediation activities are timely completed
• Support the wider team by identifying the process improvement ideas and drive the key initiatives to make process more efficient
• Monitor and develop supplier performance and optimize relationships
• Collaborate closely with the businesses, respective CB Vendor & Service Owners, Procurement, and 2nd LoD functions (RTCs)

Your skills and experience

• University degree in economics, apprenticeship in banking or equivalent qualification
• Several years of banking experience, preferably with Corporate Bank products
• General knowledge and experience of contract, service delivery, project management and performance management of Vendor performance
• Experienced in working with third parties and cross-functional teams and solid understanding of Non-Financial Risk Management (NFRM), Service Delivery Management (SDM) and Third-Party Management (TPM) functions
• Analytical skills and a problem-solving mind-set, strongly motivated and the ability to challenge and be challenged whilst maintaining the highest levels of professionalism
• Strong communicative skills in English (verbal and written).