Vendor Manager – ProViso Consulting

Title of the Job: Vendor Manager

Location: Toronto, ON

Job Description: Summary Of Day To Day Responsibilities:

• 75%- They will be assigned engagement (ex. LOB wants to purchase products from market data vendors). They will reach out to the stakeholders to discuss needs and requirements. Intake it to thesystem (Ariba) work with sourcing, legal, risk control functions.
• Contract execuation
• Will have 10 to 20 intiative running in various stages
• Other 25% of the role- relationship mgmt with vendors, speaking to performance of vendors, ongoing services that they provide.
• Vendor Mgr V- Manage vendor relationship(s) through all stages of the agreement lifecycle, in alignment with relevant client frameworks/methodologies, and with business and enterprise objectives. Provide leadership, direction and coaching to teams(s) while partnering with business and executive stakeholders within a line of business.
• Facilitate and / or support management of enterprise vendors as assigned.
• Generally reports to Senior Manager. Manages vendor relationship to business’ strategic goals and objectives, understanding and reconciling competing priorities and evolving business requirements
• Evaluates vendor performance and ensures the prompt and thorough resolution or escalation of performance issues, understanding/managing risks associated with customer facing/impacting vendors
• Develops and maintains effective relationships with internal client partners and vendor(s) to ensure business priorities requirements are clearly understood and met, and objectives are aligned
• Provides advice and guidance to business partners and VM teams as appropriate regarding VM best-practice to optimize and secure value from third-party relationships
• Understands contractual terms and conditions, and their commercial implications to the business in order to effectively manage vendor agreement(s) and relationship(s)
• Represents the needs of the business and/or the Bank and actively participate in contract negotiations and enterprise vendor management governance meetings Actively engages with SSG sourcing partner to share business, industry and vendor insights in support of strategic planning and contract negotiations
• May provide input into strategic planning, then implement strategic direction set by Business Leadership across all relevant business units, and lines of business in the case of enterprise vendors, including employment of agreed VM governance
• Applies organizational change management principles and practices to effectively manage stakeholder and vendor expectations, anticipating downstream impacts and plan accordingly to minimize disruption (e.g. during vendor transition; on-boarding/off-boarding)
• Engages business partners to ensure active participation on vendor governance and oversight, ensuring roles and responsibilities are clearly defined
• Applies sound judgment by understanding priorities, dependencies and making pragmatic decisions in the context of enterprise and line of business objectives
• Develops and retains in-depth knowledge and expertise of market place and industry developments pertaining to vendor relationship, category and business requirements

Skills:

• Verbal and written communication skills, attention to detail, customer service and interpersonal skills.
• Ability to work independently and manage ones time.
• Knowledge of business and management principles involved in strategic planning, resource allocation, and production methods.
• Ability to apply accounting and mathematical principles to work as needed.
• Ability to analyze business trends and project future revenues and expenses.
• Previous experience with computer applications, such as Microsoft Word and Excel; Enterprise Application experience a plus

Education/Experience:

• Bachelor’s degree in business management, economics, finance, accounting or relevant field required

Must Have:

• Vendor mgmt. experience OR market data specialist experience/procurement experience
• Strong communication – verbal and written
• Relationship mgmt. skills – Ability to deal with different personalities
• MS office

Nice To Have:

• Procurement experience
• Banking strong nice to have

Job Details12499Contract1 yearToronto

Company Name: ProViso Consulting

Salary:

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