Vendor Manager

We are looking for a Vendor Manager! Reach out if you are interested and feel free to refer friends/colleagues!

Type of Employment: Contact
Title: Vendor Manager
Term: 6-month – 37.5 hours/week
Location: Toronto – Hybrid
Job ID number: C1114

Brief description of duties:

Execute vendor management processes and methodologies, in keeping with the respective business group’s approach to managing suppliers and in accordance with the client practices and principles. This applies to: roles, relationships, artifacts, tools, technology and overall activities to support and enable best practices with respect to managing third party vendors. This position supports all Risk Management activities, minimum reporting requirements as outlined by the client Procurement and may also support applicable vendor governance programs.

This role also facilitates and coordinates all vendor management meetings, working closely with respective management staff, the client’s Procurement and the vendor community.

Key Accountabilities:

• Supports the authoring of contract documents as required by the client’s Procurement
• Communicates the specific roles and responsibilities of all stakeholders involved in the vendor management lifecycle
• Supports all vendor performance management following agreed upon reporting standards, tools and templates
• Reviews ongoing viability, identifies emerging vendor specific risk and enforces vendor management activities
• Acts as a subject matter expert and provides direction on best practices to the respective business group
• Fully understands and manages risk related activities
• Manages and tracks obligations, contract compliance, deliverable acceptance
• Responsible for ensuring that Vendor Management’s identified initiatives and associated deliverables are communicated and managed for on time delivery and within budget
• Collaborates and communicates with senior leaders across the respective business group
• Prepares agendas, develops meeting materials and follow-up, tracking issues and actions
• Conducts cost/benefit analysis and identifies alternatives
• Utilizes risk assessment and quantification methodologies
• Manages conflict and resolves issues using appropriate escalation
• Evaluates, formulates and implements strategies to improve client/supplier relationships and engagement
• Analyzes new and complex industry, technology, economic and competitive situations, taking into consideration real client needs and problems

Skills & Competencies:

• Strong facilitation and presentation skills as well as excellent written skills

Attributes:

• Effective collaborator, influencer and negotiator
• Possesses skill/judgement to deal effectively with senior managers
• Strong planning, analytical and critical thinking
• Excellent decision making and problem solving skills and ability to anticipate opportunities/problems to present effective solutions The Analyst in Supplier Management will be responsible for assessing the Capital Markets’ suppliers. This role will be working with internal and external stakeholders throughout the supplier management lifecycle process.

• Serve as central point-of-contact for suppliers, business units and centre of governance offices in managing supplier arrangements from on boarding to off boarding
• Assist the BUs in performing third party risk assessments and overall due diligence activities
• Support BUs on the management of supplier performance monitoring and oversight through reviews and documenting required post-contract activities (e.g. Performance monitoring, etc.)
• Engage suppliers where necessary in obtaining documentation and information to support required due diligence reviews
• Participate in strategic meetings with suppliers, BU, and CoGs to ensure timely completion of risk assessments
• Continual maintenance of supplier assessments and compliance for internal / external audits

Must have:

• Business-related discipline or equivalent work experience Experience in managing suppliers (sourcing or contract negotiation, supplier risk management or supplier relationship management professionals)
• Excellent understanding of suppliers, products, and trends in the financial service/investment industry
• Strong verbal and written communication capability
• Excellent interpersonal skills working in a highly collaborative environment
• Strong critical thinking, problem-solving, planning and organizing skills
• High degree of flexibility and resourcefulness
• Demonstrate ability to develop successful relationships with cross-level stakeholders

Nice to have:

• Experience on projects or programs that require acquisition of new supplier or services
• Knowledge of commercial purchase contract language