Must be local to NJ or Charlotte and under 60 mins
Need valid LinkedIn
The main focus will be experience with Third Party Vendors, understanding urgency & timelines when working with various business units. This role will work very closely with Procurement managing contract terms (providing guidance). The ideal candidate will have experience managing large third-party vendors and have the ability to communicate (deal with) to all levels in the organization.
General Profile
Vendor Managers manage Business Arrangements throughout the Third Party Management Lifecycle (TPML), including some or all of the following activities:
Onboarding & Sourcing – Collaborate with internal stakeholders in identifying and onboarding a new or existing Third Party to support business needs
Oversight Management – Utilize tools for oversight and evidence of Business Arrangement adherence, including compliance to client's Policies and Standards
Contract Management – Understand and maintain knowledge of Business Arrangement terms (including key Third Party and business segment or corporate function (client) deliverables) and scope changes that will be actively managed throughout the term. If the Business Arrangement involves licenses or other assets, create and maintain governance processes to ensure effective asset management
Relationship Management – Build strong partnerships with Third Parties and internal stakeholders to better understand their strategic direction and help manage issues that may arise
Performance Management – Monitor, analyze and report a Third Party's performance through the delivery of services against Service Level Agreements (SLAs), Service Level Objectives (SLOs), Key Performance Indicators (KPIs) or other contractual commitments
Financial Management – Understand the financial terms of a Business Arrangement and monitor a Third Party's financial health to mitigate risk related to costs and services
Risk Management – Identify issues and monitor trends with a Third Party in a responsive manner, to reduce risk in alignment with the client Third Party Risk Management Policies and related Standards
Offboarding – Collaborate with internal stakeholders to support business needs by delivering a transition or termination of a Third Party
In Addition To The Activities Described Above, Vendor Managers May Have Accountabilities As Part Of The Lead Vendor Management Office (Lead VMO) For a Third Party. Such Accountabilities May Include
Consolidate an enterprise view of the relationship with the Third Party
Lead governance meetings with the Third Party
Support the Accountable Executive that owns client's relationship with the Third Party
Primary Purpose Of The Job
Manage Third Party Business Arrangements through all stages of the TPML, in alignment with relevant frameworks, policies and standards. Vendor Managers are expected to understand and maintain knowledge of Business Arrangement terms (including key Third Party and business segment or corporate function deliverables). Vendor Managers are also responsible for monitoring, analyzing and reporting on performance of Business Arrangements and identifying and escalating issues where identified in order to mitigate risk. On more strategic, critical and/or complex relationships across multiple business segments or corporate functions, role may also act as the Lead Vendor Manager supporting the Accountable Executive that owns client's relationship with the Third Party.
Job Requirements
2 roles ( L9 and L10)
Role 1 - L09 Vendor Manager II
Role 2 - L10 Vendor Manager III
Undergraduate degree
5+ years of related experience
Expert level professional role requiring in-depth knowledge / expertise in own domain / field of specialty and working knowledge of broader related areas
Integrates the broader organizational context into advice and solutions within own area
Has some industry knowledge and can build an understanding of the industry, competition and the factors that differentiate the organization. Applies best practices to implement process, product or service improvements
Acts as a subject matter expert within their own area of specialty or a resource for others
Supports projects of moderately to complex risk and resource requirements; may lead end-to-end processes or functional programs
Contributes to setting standards within area of expertise
Supports complex problems requiring analysis of multiple variables, including consultation with multiple stakeholders
Impacts a range of functional programs and operations across own and related teams
Interprets guidelines, standards, policies and results of analysis to inform decision making at senior levels
Supports stakeholder alignment in leading projects and activities; may provide process and subject matter advice at senior levels
Works independently as the lead and guides others within area of expertise
Identifies and leads problem resolution for complex issues at all levels
Generally reports to a Manager or above
Proficient knowledge of Vendor Management, Business Arrangements, Third- Party Management Lifecycle framework/principles, policies and procedures, systems, products/services, product research, assessment & reporting, competitive intelligence, negotiation tactics and/or regulatory requirements
Knowledge of current and emerging competitor and market trends
Knowledge of Risk Management environment, standards and regulations
Knowledge of budgetary management principles/practices/procedures
Skill in identifying problems and reviewing related information to develop/evaluate options and implement solutions
Skill in supporting the development and implementation of change initiatives and/or processes
Ability to communicate effectively in both oral and written form
Ability to work collaboratively and build relationships
Ability to monitor, analyze, report and assess adherence, performance and risk of information, contractual terms and/or delivery of services
Skill in researching,
collecting, organizing and analyzing complex or technical data and developing plans to address identified issues/problems
Ability to lead, plan, implement and evaluate program/project activities to ensure completion of initiatives
Ability to exercise sound judgement in making decisions
Ability to research, collect, organize and analyze information and prioritize work while meeting multiple deadlines
Skill in using analytical software tools, data analysis methods and reporting techniques
Skill in using computer applications including MS Office
Ability to work successfully as a member of a team and independently
Ability to handle confidential information with discretion
Undergraduate degree
7+ years of related experience
Expert level professional role requiring substantial knowledge / expertise in a complex field and knowledge of broader related areas
Integrates knowledge of the enterprise sub- function’s or business line’s overarching strategy in developing solutions across multiple functions or operations
Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services
Acts as a lead integrating cross- function understanding within their own field of specialty; with significant resource requirements, risk and / or complexity
Independently manages business arrangements
Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions
Uses sophisticated analytical thought to exercise judgement and identify solutions
Impacts the achievement of sub- function or business line objectives within the area they are accountable for
Supports advanced methods to contribute to new solutions and recommend standards against which others will operate
Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders
Works autonomously as the lead and guides others within area of expertise
Generally reports to a Senior Manager or above
Advanced knowledge of Vendor Management, Business Arrangements, Third- Party Management Lifecycle framework/principles, policies and procedures, systems, products/services, product research, assessment & reporting, competitive intelligence, negotiation tactics and/or regulatory requirements
Knowledge of current and emerging competitor and market trends
Knowledge of Risk Management environment, standards and regulations
Knowledge of budgetary management principles/practices/procedures
Skill in identifying complex problems and reviewing related information to develop/evaluate options and implement solutions and/or governance procedures
Skill in supporting the development and implementation of change strategies and/or processes
Ability to negotiate, influence, collaborate and effectively communicate to build relationships
Ability to contribute to strategic direction of the function and provide advice to senior leadership
Ability to monitor, analyze, report and assess adherence, performance and risk of information, contractual terms and/or delivery of services
Skill in researching, collecting, organizing and analyzing
complex or technical data and developing plans to address identified
issues/problems
Ability to lead, plan, implement and evaluate program/project activities to ensure completion of initiatives
Ability to exercise sound judgement in making decisions
Ability to research, collect, organize and analyze information and prioritize work while meeting multiple deadlines
Skill in using analytical software tools, data analysis methods and reporting techniques
Skill in using computer applications including MS Office
Ability to work successfully as a member of a team and independently
Ability to handle confidential information with discretion
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Management and Manufacturing
Industries
IT Services and IT Consulting
Referrals increase your chances of interviewing at Steneral Consulting by 2x