Vendor Manager IV

Our client is a top financial institution with significant North American holdings. They have operations across most major verticals, including institutional & corporate, wealth management, private client, commercial banking, treasury, and retail banking.
 

Introduction:

Robertson is seeking a skilled

Vendor Manager IV

to join our client

in support of an existingvacancy.

Contract Period:

7 months

Pay Rate:

Starting from $44 per hour

Location

:

Toronto, ON

Location Type

:

Hybrid

Business Hours:

Monday-Friday;

Core Business Hours

Job Responsibilities:

• Facilitate phases of the Third-Party Risk Management Lifecycle, and ensure compliance with TPRM Policy, Standards and Framework
• Accountable and responsible for timely completion of Third Party Inherent Risk Assessments for new/change third party relationships and other required assessments and deliverables, including review/approval from key stakeholders
• Accountable and responsible for monitoring vendor performance and risk, via reporting/dashboards/governance routines
• Accountable and responsible for risk and issue management, escalating and tracking vendor issues per TPRM Issue management requirements, partnering with the business to drive remediation plans
• Manage and drive timely renewal of all contracts
• Participate in/facilitate contract renewal and negotiation process, working with internal partners (Legal, Sourcing, Contracts) as well as business partners to ensure contracts and agreements maximize our values, meet business objectives, regulatory requirements, mitigate risks and meet policies and standards
• Effectively manage vendor agreement(s) and relationship(s) and ensure adherence to contractual requirements
• Lead the assessment/development of SLAs, standards, policies, procedures and compliance monitoring plans that maximize customer satisfaction, decrease risk and/or mitigate to the maximum of availability, efficiency and effectiveness
• Collect/Review/Assess audit documentations (i.e. CSAE3416, SOC I/II) and determine next steps for remediation of gaps
• Provide oversight to ensure organized storage of evidence of all activities for audit readiness
• Provide oversight in support of invoice processing, ensuring procedures are in place, including billing, invoicing, rebates, performance/penalty adjustments and internal charge backs, where appropriate
• Closely monitor vendor spend (costs), proactively identifying opportunities to improve cost effectiveness and trends against budget forecasts
• Maintain a strong understanding of the Bank's vendor management tools including Enterprise Spend Portal (ESP), Enterprise Contract Management (ECM), Hiperos
• Maintain and ensure satisfactory Internal and External Audits & Compliance requirements are met
• Build/foster solid relationships and organizational alignment with our business, sourcing, legal and contract partners, ensuring communication channels exist, attending/facilitating meetings and participating in working session
• Provide effective day-to-day coaching and guidance to colleagues; share and teach best practices
• Act as the leader in administering change management, performance management and the talent pipeline for the development of the team

Experience & Qualification Requirement:

• Undergraduate Degree
• 5 Years of Vendor Management Experience
• Regulatory, Governance / control / Risk oversight function experience
• Contractual language experience ( understand contract verbiage )
• Ms office suite knowledge
• Ariba and Coupa Risk Experience
• Banking Experience
• Possess a strong understanding of contractual terms and conditions, and their commercial implications to the business
• Highly professional with established relationship building with previous Vendor Management experience and/or working with Third-Parties
• Comfortable with legal language and able to fully understand contract contents
• Ability to manage multiple Vendor relationships simultaneously
• Excellent documentation skills
• Understands the importance of organized evidence storage to ensure audit readiness
• Ability to build effective working relationships with internal and external partners at all levels
• Strong project management, organization and time management skills
• Ability to work well under pressure and within tight timelines
• Ability to multitask, manage competing priorities effectively
• Demonstrated influencing, negotiation, analytical, Excellent communication and presentation skills
• Demonstrated stakeholder/relationship management and networking skills
• Strong control environment mindset
• Ability to create partnership and cross functional alignment
• Strong ability to lead by influence
• Ability to navigate through a complex compliance framework and make it "friendly" for the LOBs
• Good working knowledge of Bank's sourcing process and methodology
• Strong knowledge of the organizational structure including main business groups and their functions

Background screening is required as part of the onboarding process. The type of screening required (criminal, credit or other verifications) will vary based on the position and client requirements
.

We use AI technology as part of our application review process to assist with screening and assessment. All applications are also reviewed by our recruitment team.

How to Apply:

If you are a motivated professional looking to contribute to a leading team, please submit your resume outlining your qualifications and experience relevant to this role. Robertson & the clients we represent, value diversity and are committed to creating an inclusive workplace. We invite all qualified individuals to apply.
 

Robertson & the clients we represent are equal opportunity employers, committed to diversity and inclusion. Robertson is a certified diverse supplier and actively seeks to foster a representative and inclusive workforce. We welcome applications from all qualified individuals, regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, Aboriginal status, or any other legally protected factors. We champion building a diverse and inclusive environment.