At a Glance
- Tasks: Support third-party risk management and ensure vendors meet business standards.
- Company: Join a dynamic organisation focused on strong vendor relationships and compliance.
- Benefits: Competitive salary, professional development, and collaborative work environment.
- Other info: Work with cross-functional teams and enjoy excellent career growth opportunities.
- Why this job: Make an impact by managing vendor risks and enhancing business operations.
- Qualifications: 4-6 years in vendor management or related fields with strong analytical skills.
The predicted salary is between 36000 - 60000 € per year.
The Vendor Management Specialist plays a key role in supporting our Third-Party Risk Management (TPRM) framework and ensuring our external partners meet the standards required to support the business. In this role, you will review vendor documentation, support risk assessments, track remediation activities, and help business owners make informed decisions throughout the vendor lifecycle. You will work closely with teams across the organisation, including Legal, IT Security, Procurement, and business stakeholders, to ensure we maintain strong controls, accurate records, and a consistent approach to managing third-party risk.
This role is ideal for someone with a strong analytical mindset, exceptional attention to detail, and experience in vendor management, risk, or compliance. Requirements include:
- 4-6 years of experience in vendor management, third-party risk management, compliance, or a related corporate risk function.
- Strong analytical ability with advanced skills in Microsoft Excel and PowerPoint.
- Hands-on experience using GRC or TPRM platforms (e.g., Archer, ServiceNow, ProcessUnity, OneTrust or similar).
- Understanding of risk control frameworks and relevant regulatory requirements (e.g., PRA, EBA, DORA).
- Exceptional attention to detail and accuracy when reviewing documentation and maintaining system records.
- Ability to influence and guide business stakeholders in adhering to risk and compliance requirements.
- Strong collaboration skills and experience working with cross-functional teams (IT, Legal, Finance, Data, Procurement).
First Line of Defence Support
- Review documentation submitted by business owners to ensure accuracy and completeness before final approval.
- Support the execution of the TPRM framework and help identify opportunities to streamline due-diligence activities.
- Provide guidance to colleagues on vendor management processes and standards.
Risk Analysis & Reporting
- Prepare and analyse performance and risk metric reports, highlighting trends and potential issues.
- Track and monitor vendor risk mitigation plans, escalating delays where appropriate.
- Support the preparation of monthly executive-level presentations and performance updates.
Contract & Lifecycle Management
- Monitor upcoming contract renewals and ensure business teams receive timely alerts (90-120 days in advance).
- Provide historical performance and risk data to support renewal, negotiation, or exit decisions.
Platform Management & Data Quality
- Maintain accurate vendor information within the TPRM or GRC platform, conducting regular data-quality checks.
- Participate in system testing and provide feedback on enhancements or new features.
Policy, Audit & Cross-Functional Support
- Provide subject-matter guidance on vendor management policies and procedures.
- Support audit activities by preparing documentation and ensuring vendor interactions comply with company policy.
- Collaborate with Legal, IT Security, Procurement, and other teams to ensure a consistent approach to managing third-party risk.
Vendor Management Specialist employer: Ford Motor Company
As a Vendor Management Specialist, you will thrive in a dynamic work environment that prioritises collaboration and innovation. Our company offers a supportive culture with ample opportunities for professional growth, ensuring you can develop your skills while contributing to our robust Third-Party Risk Management framework. Located in a vibrant area, we provide a range of employee benefits, including flexible working arrangements and access to cutting-edge tools, making us an exceptional employer for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Vendor Management Specialist
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in vendor management or risk compliance. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Get your LinkedIn game on point! Make sure your profile showcases your analytical skills and experience in vendor management. Join relevant groups and engage with posts to get noticed by recruiters looking for someone just like you.
✨Tip Number 3
Prepare for interviews by brushing up on your knowledge of TPRM frameworks and risk control regulations. Be ready to discuss how you've tackled challenges in vendor management before – real-life examples will make you stand out!
✨Tip Number 4
Don't forget to apply through our website! We love seeing candidates who are genuinely interested in joining our team. Plus, it gives you a better chance to showcase your fit for the role right from the start.
We think you need these skills to ace Vendor Management Specialist
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Vendor Management Specialist role. Highlight your experience in vendor management, risk assessment, and compliance. We want to see how your skills align with our needs!
Show Off Your Analytical Skills:Since this role requires a strong analytical mindset, don’t shy away from showcasing your analytical abilities. Use specific examples where you’ve used data to make informed decisions or improve processes.
Be Detail-Oriented:Attention to detail is key in this role! When writing your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure their documentation is accurate and complete.
Apply Through Our Website:We encourage you to apply through our website for the best chance of being noticed. It’s the easiest way for us to keep track of your application and get back to you quickly!
How to prepare for a job interview at Ford Motor Company
✨Know Your Vendor Management Basics
Make sure you brush up on the fundamentals of vendor management and third-party risk. Understand the key concepts, frameworks, and regulatory requirements mentioned in the job description. This will help you speak confidently about how your experience aligns with the role.
✨Show Off Your Analytical Skills
Prepare to discuss specific examples where you've used your analytical skills to assess vendor performance or manage risks. Be ready to share how you’ve used tools like Excel or TPRM platforms to track metrics and report findings. Concrete examples will demonstrate your capability.
✨Collaboration is Key
Since this role involves working closely with various teams, think of instances where you successfully collaborated with cross-functional teams. Highlight your communication skills and how you influenced stakeholders to adhere to compliance requirements. This will show you can navigate complex organisational dynamics.
✨Attention to Detail Matters
Prepare to discuss how you ensure accuracy when reviewing documentation and maintaining records. You might want to mention any processes you’ve implemented to improve data quality or streamline due diligence activities. This will showcase your meticulous nature, which is crucial for this role.
