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- Tasks: Lead vendor management for SaaS, ensuring performance and compliance.
- Company: IPS Group is a dynamic player in IT and business change, focused on innovation.
- Benefits: Enjoy flexible working with one day a week in the office and competitive perks.
- Why this job: Join a collaborative team making impactful decisions in the tech space.
- Qualifications: Experience in SaaS assurance, contract negotiation, and strong communication skills required.
- Other info: This role is perfect for those looking to grow in a mid-senior level position.
The predicted salary is between 48000 - 72000 £ per year.
We are looking for an IT SaaS Vendor Management Lead to manage key vendor relationships, ensuring value for the business and compliance with standards. This role involves overseeing contractual performance, supporting security assessments, and guiding Relationship Managers.
Key Responsibilities:
- Manage SaaS vendor performance, ensuring cost efficiency and business value.
- Develop and maintain SaaS assurance models covering security, compliance, and governance.
- Negotiate commercial terms for IT contracts.
- Support contract discussions with the Procurement Team.
- Identify and mitigate risks associated with SaaS vendors.
- Build strong vendor relationships for long-term value.
Required Skills & Experience:
- Knowledge of SaaS assurance models, including security and compliance.
- Familiarity with PRA S2/21, ISO27001:2022, and IT contract negotiation.
- Strong stakeholder management and communication skills.
- Ability to analyse service metrics and manage change effectively.
- Self-motivated, organised, and a team player.
Seniority Level: Mid-Senior level
Employment Type: Full-time
Job Function: Information Technology
Industries: Insurance
Vendor Manager employer: IPS Group
Contact Detail:
IPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vendor Manager
✨Tip Number 1
Familiarise yourself with the latest trends in SaaS vendor management. Understanding current best practices and compliance standards like ISO27001:2022 will give you an edge in discussions and demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the IT and vendor management space. Attend industry events or webinars to connect with others who can provide insights or even referrals, which can be invaluable when applying for a position like this.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed vendor relationships in the past. Highlighting your experience with contract negotiations and risk mitigation will showcase your suitability for the role.
✨Tip Number 4
Research StudySmarter's approach to vendor management and its values. Tailoring your conversations to align with our mission and demonstrating how you can contribute to our goals will make you a standout candidate.
We think you need these skills to ace Vendor Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in vendor management, SaaS assurance models, and IT contract negotiation. Use specific examples that demonstrate your skills in managing vendor relationships and ensuring compliance.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities outlined in the job description. Explain how your background aligns with their needs, particularly in managing SaaS vendors and negotiating contracts.
Showcase Relevant Skills: In your application, emphasise your knowledge of security standards like ISO27001:2022 and your ability to analyse service metrics. Highlight your strong communication skills and experience in stakeholder management.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for the role of Vendor Manager.
How to prepare for a job interview at IPS Group
✨Know Your SaaS Models
Make sure you have a solid understanding of SaaS assurance models, especially around security and compliance. Be prepared to discuss how these models can be applied in real-world scenarios, as this will demonstrate your expertise and relevance to the role.
✨Prepare for Contract Negotiation Questions
Since the role involves negotiating commercial terms for IT contracts, brush up on your negotiation skills. Think of examples from your past experiences where you successfully negotiated terms and be ready to share those stories during the interview.
✨Showcase Stakeholder Management Skills
Highlight your experience in managing relationships with various stakeholders. Prepare specific examples that illustrate your communication skills and how you've effectively managed expectations and built strong partnerships in previous roles.
✨Demonstrate Risk Management Acumen
Be ready to discuss how you identify and mitigate risks associated with SaaS vendors. Prepare to share any frameworks or strategies you've used in the past to manage vendor-related risks, as this will show your proactive approach to vendor management.
