Manager, Vendor Management Office
Manager, Vendor Management Office

Manager, Vendor Management Office

Chester-le-Street Full-Time 43200 - 72000 £ / year (est.) No home office possible
H

At a Glance

  • Tasks: Lead vendor risk management and build strong relationships across departments.
  • Company: Join Hancock Whitney Corporation, a leader in financial services with a commitment to excellence.
  • Benefits: Enjoy competitive pay, professional development opportunities, and a supportive work environment.
  • Why this job: Make an impact by improving vendor management processes and ensuring compliance in a dynamic setting.
  • Qualifications: Bachelor's degree required; 10 years of relevant experience preferred, especially in financial services.
  • Other info: This role offers the chance to influence key business decisions and drive improvements.

The predicted salary is between 43200 - 72000 £ per year.

The Manager - Vendor Management is responsible for leading and executing the vendor risk management and relationship efforts for Hancock Whitney Corporation (HWC) and all subsidiaries; leads a cross-functional team of professionals responsible for the identification and mitigation of risks associated with third party relationships. Influences and drives improvements of the vendor management program and contract life cycle management. This manager will lead, deliver and maintain all Vendor Management (VM) program elements to include: vendor risk assessments, risk rating methodologies, vendor and contract inventories and VM target operating model. Provide oversight of all VM program practices to include reporting, compliance, exception approval and tracking of new and ongoing risk issues.

ESSENTIAL DUTIES & RESPONSIBILITIES:

  • Provide strong leadership, motivation and direction as the head of Vendor Management.
  • Chair the Vendor Management Sub Committee; participate and represent the VM program in other related internal Risk Management Committees.
  • Build strong relationships with Information Security, IT, procurement, legal, compliance and other key business units to ensure that risks and issues are appropriately identified.
  • Work effectively with the legal, enterprise project office and procurement teams to ensure the appropriate business and technical requirements, terms and conditions are included in contracts.
  • Design and implement robust metrics, tracking and reporting systems.
  • Proactively assess and monitor vendors, uncover risks and provide resolution or alternatives through influence, persuasion and coaching of line of business sponsor and other key stakeholders.
  • Evaluate and manage responses to audit requests involving vendors.
  • Maintain all records to meet vendor risk assessment, internal audit and regulatory requirements.
  • Provide leadership in the development and maintenance of vendor risk compliance programs with appropriate controls, policies, procedures, communication and monitoring.
  • Other duties and special projects as assigned.

Incumbent is required to comply with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act.

SUPERVISORY RESPONSIBILITIES:

Manages associates in the Vendor Management Department; Is responsible for the overall direction, coordination and evaluation of this unit. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws; Responsibilities include interviewing, hiring and training employees; planning, assigning and directing work; performance management; addressing complaints and resolving problems.

MINIMUM REQUIRED EDUCATION & EXPERIENCE:

Bachelor's Degree or equivalent experience; professional/graduate business or legal degree preferred. Minimum Required: 10 years of Vendor Management, project management or equivalent experience in roles demonstrating business management capabilities with at least 3 years in financial services or other highly regulated industrial or governmental enterprises. Strong understanding of the contract life cycle.

MINIMUM REQUIRED KNOWLEDGE:

  • Ability to manage and execute through influence in addition to management through direct line accountability and operate effectively in a matrix organization.
  • Experience working effectively with audit function as well as industry regulators.
  • Knowledge of vendor risk management industry standards, best practices.
  • Ability to produce effective and timely management reporting.
  • Demonstrated strong communication skills including strong interpersonal skills (listening, speaking and probing).

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:

  • Ability to work under stress and meet deadlines.
  • Ability to travel.
  • Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions.

If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an 'undue hardship' then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

Manager, Vendor Management Office employer: Hancock Whitney

Hancock Whitney Corporation is an exceptional employer that prioritises employee growth and development within a collaborative and inclusive work culture. As a leader in the financial services sector, we offer competitive benefits, opportunities for professional advancement, and a commitment to fostering strong relationships across departments, ensuring that our team members thrive in their roles while contributing to meaningful vendor management initiatives.
H

Contact Detail:

Hancock Whitney Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Manager, Vendor Management Office

✨Tip Number 1

Familiarise yourself with vendor risk management standards and best practices. This knowledge will not only help you understand the role better but also allow you to speak confidently about how you can contribute to improving the vendor management programme during interviews.

✨Tip Number 2

Network with professionals in the financial services sector, especially those involved in vendor management. Attend industry events or join relevant online forums to build connections that could provide insights or even referrals for the position.

✨Tip Number 3

Prepare to discuss your experience in managing cross-functional teams and influencing stakeholders. Highlight specific examples where you've successfully navigated complex relationships or resolved conflicts, as these skills are crucial for the role.

✨Tip Number 4

Research Hancock Whitney Corporation's current vendor management practices and any recent news related to their operations. This will enable you to tailor your discussions and demonstrate your genuine interest in the company during the interview process.

We think you need these skills to ace Manager, Vendor Management Office

Vendor Risk Management
Contract Life Cycle Management
Leadership Skills
Cross-Functional Team Management
Relationship Building
Risk Assessment Methodologies
Compliance Knowledge
Audit Coordination
Project Management
Communication Skills
Interpersonal Skills
Problem-Solving Skills
Data Analysis and Reporting
Influence and Persuasion
Regulatory Knowledge

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in vendor management, project management, and compliance. Use specific examples that demonstrate your leadership skills and ability to manage risks associated with third-party relationships.

Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying to the role. Discuss how your background aligns with the responsibilities of the Manager, Vendor Management Office position and how you can contribute to Hancock Whitney Corporation's goals.

Highlight Relevant Skills: In your application, emphasise your understanding of contract life cycle management and vendor risk management best practices. Mention any experience you have working with audit functions and industry regulators, as these are crucial for the role.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are essential for this managerial position.

How to prepare for a job interview at Hancock Whitney

✨Understand Vendor Management Fundamentals

Make sure you have a solid grasp of vendor management principles, especially in the context of risk assessment and compliance. Be prepared to discuss your experience with vendor risk management and how you've successfully navigated challenges in previous roles.

✨Showcase Leadership Skills

As a Manager, you'll need to demonstrate strong leadership capabilities. Prepare examples of how you've motivated teams, resolved conflicts, and influenced stakeholders in past positions. Highlight your ability to lead cross-functional teams effectively.

✨Familiarise Yourself with Regulatory Standards

Since this role involves working within a highly regulated environment, brush up on relevant laws and regulations, such as the Bank Secrecy Act. Be ready to discuss how you've ensured compliance in your previous roles and how you would approach it in this position.

✨Prepare for Scenario-Based Questions

Expect scenario-based questions that assess your problem-solving skills and ability to manage vendor relationships. Think of specific situations where you've identified risks, implemented solutions, and communicated effectively with various stakeholders.

Manager, Vendor Management Office
Hancock Whitney
H
  • Manager, Vendor Management Office

    Chester-le-Street
    Full-Time
    43200 - 72000 £ / year (est.)

    Application deadline: 2027-06-26

  • H

    Hancock Whitney

Similar positions in other companies
UK’s top job board for Gen Z
discover-jobs-cta
Discover now
>