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For Companies At a Glance
- Tasks: Manage vendor relationships, onboarding, offboarding, and performance monitoring.
- Company: Join an international bank in London, known for its dynamic work environment.
- Benefits: Enjoy competitive pay, potential remote work options, and professional development opportunities.
- Why this job: Be part of a strategic role that impacts the bank's success and enhances your career.
- Qualifications: Strong contract management skills and experience in vendor relations are essential.
- Other info: Opportunity to work on exciting projects and contribute to business continuity planning.
The predicted salary is between 43200 - 72000 £ per year.
Excellent opportunity opens for a Senior Outsourcing & Vendor Officer with strong Contract Management to join an International Bank's London office. This role will manage the onboarding & offboarding of Vendors/Suppliers and maintain relationships with them.
Key Responsibilities & Accountabilities
- Vendor/Supplier Relations: Support in overseeing and managing external vendor/supplier relationships to ensure effective collaboration and communication. Facilitate the onboarding and offboarding processes for vendors and suppliers, ensuring smooth transitions and adherence to policies. Conduct thorough due diligence and risk assessments for all vendors and suppliers to ensure compliance with enterprise-wide standards. Implement and monitor ongoing vendor risk management practices to mitigate potential risks associated with outsourcing. Track and oversee renewal and expiry dates of all contractual agreements, ensuring timely renewals and adherence to contractual obligations.
- Performance Monitoring and Reporting: Coordinate, track, measure, and report vendor/supplier performance against contractual obligations and costs. Analyse data to identify trends, track performance, and make informed decisions to optimise vendor relationships. Identify commercial sourcing opportunities and support the tendering process to ensure quality of service and value for money. Continuously review and assess the best routes to market to meet business needs and drive cost efficiencies. Ensure compliance with relevant regulations and standards governing outsourcing and vendor management in the financial sector. Stay updated on regulatory changes and implement necessary adjustments to vendor management practices. Utilize analytical expertise to identify savings opportunities and deliver measurable cost savings.
- Strategic Alignment and Problem Solving: Align vendor management strategies with the bank’s overall business goals and objectives, ensuring strategic coherence. Collaborate with internal stakeholders to integrate vendor management practices into broader organizational strategies. Address and resolve issues that arise in vendor relationships, ensuring smooth operations and minimal disruptions. Implement proactive measures to prevent potential issues and enhance vendor performance.
- Project Management: Support projects related to vendor onboarding, offboarding, and performance monitoring, ensuring timely and efficient execution. Apply project management methodologies to streamline processes and improve overall efficiency.
- Business Continuity: Assist in developing and maintaining a corporate-wide Business Continuity Plan (BCP) program, policies, and framework documents. Support the line manager in aligning BCP planning, initiatives, and goals with bank’s goals and infrastructure capabilities.
Interested candidates should apply.
Vendor Manager - Rothstein Recruitment employer: Rothstein Recruitment
Contact Detail:
Rothstein Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vendor Manager - Rothstein Recruitment
✨Tip Number 1
Familiarise yourself with the latest trends in vendor management and outsourcing within the banking sector. Understanding the specific challenges and regulations that banks face will help you stand out during discussions.
✨Tip Number 2
Network with professionals in the banking and vendor management fields. Attend industry events or join relevant online forums to connect with others who can provide insights or even referrals for the role.
✨Tip Number 3
Prepare to discuss your experience with contract management and risk assessments in detail. Be ready to share specific examples of how you've successfully managed vendor relationships and mitigated risks in previous roles.
✨Tip Number 4
Demonstrate your analytical skills by being prepared to discuss how you've used data to optimise vendor performance in the past. Highlight any tools or methodologies you've employed to track and report on vendor performance.
We think you need these skills to ace Vendor Manager - Rothstein Recruitment
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in vendor management, contract management, and any specific skills mentioned in the job description. Use keywords from the job posting to demonstrate your fit for the role.
Craft a Compelling Cover Letter: Write a cover letter that addresses your motivation for applying to this specific role at Rothstein Recruitment. Mention your understanding of vendor management in the banking sector and how your skills align with their needs.
Showcase Relevant Achievements: In your application, include specific examples of past successes in managing vendor relationships, conducting risk assessments, or implementing cost-saving measures. Quantify your achievements where possible to make a stronger impact.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for a Vendor Manager role.
How to prepare for a job interview at Rothstein Recruitment
✨Understand Vendor Management Fundamentals
Make sure you have a solid grasp of vendor management principles, especially in the banking sector. Be prepared to discuss your experience with onboarding and offboarding vendors, as well as how you've maintained relationships in previous roles.
✨Showcase Your Analytical Skills
Since the role involves performance monitoring and reporting, be ready to demonstrate your analytical abilities. Bring examples of how you've used data to track vendor performance and make informed decisions that led to cost savings or improved service quality.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in vendor management scenarios. Think of specific instances where you've resolved issues with vendors or implemented risk management practices, and be ready to share these experiences.
✨Align with the Bank's Goals
Research the bank's overall business objectives and think about how your vendor management strategies can align with them. Be prepared to discuss how you would integrate vendor management into broader organisational strategies to support the bank's goals.
