Vendor Manager III

ICONMA; Toronto; Hybrid; CAD 90,000 - 115,000; Full time

Job summary

A leading banking company is looking for a Vendor Manager III to oversee vendor relationships, ensure compliance with business objectives, and maintain effective stakeholder engagement. This hybrid position requires strong procurement experience and offers excellent growth opportunities within a supportive environment.

Benefits

Health Benefits

Referral Program

Excellent growth and advancement opportunities

Qualifications

• 5-7 years of experience required.
• Ability to work independently and manage one's time.
• Attention to detail and interpersonal skills.

Responsibilities

• Manage vendor relationships through all stages of the agreement lifecycle.
• Evaluate vendor performance and resolve performance issues.
• Provide leadership and coaching to teams.

Skills

Procurement experience

Strong communication

Customer service mindset

Project management experience

Risk management experience

Technology experience

Ability to analyze business trends

Education

Bachelor's degree in business management, economics, finance, or accounting

Tools

Microsoft Word

Microsoft Excel

Job description

Our Client, a Banking company, is looking for a Vendor Manager III for their Toronto, ON/Hybrid location.

Responsibilities:

• Managing different stakeholder relationships, helping with the process. Onboarding new vendors, renewals.
• Net new engagements will be assigned
• Ongoing vendor governance
• Risk scorecards, managing ongoing activities, and monitoring vendor performance.
• Vendor Mgr III- Manage vendor relationship(s) through all stages of the agreement lifecycle, in alignment with relevant Client frameworks/methodologies, and with business and enterprise objectives.
• Provide leadership, direction and coaching to teams(s) while partnering with business and executive stakeholders within a line of business. Facilitate and / or support management of enterprise vendors as assigned.
• Generally reports to Senior Manager.
• Manages vendor relationship to business' strategic goals and objectives, understanding and reconciling competing priorities and evolving business requirements Evaluates vendor performance and ensures the prompt and thorough resolution or escalation of performance issues, understanding/managing risks associated with customer facing/impacting vendors
• Develops and maintains effective relationships with internal Client partners and vendor(s) to ensure business priorities requirements are clearly understood and met, and objectives are aligned Provides advice and guidance to business partners and VM teams as appropriate regarding VM best-practice to optimize and secure value from third-party relationships Understands contractual terms and conditions, and their commercial implications to the business in order to effectively manage vendor agreement(s) and relationship(s) Represents the needs of the business and/or the Bank and actively participate in contract negotiations and enterprise vendor management governance meetings Actively engages with SSG sourcing partner to share business, industry and vendor insights in support of strategic planning and contract negotiations May provide input into strategic planning, then implement strategic direction set by Business Leadership across all relevant business units, and lines of business in the case of enterprise vendors, including employment of agreed VM governance Applies organizational change management principles and practices to effectively manage stakeholder and vendor expectations, anticipating downstream impacts and plan accordingly to minimize disruption (e.g. during vendor transition; on-boarding/off-boarding) Engages business partners to ensure active participation on vendor governance and oversight, ensuring roles and responsibilities are clearly defined Applies sound judgment by understanding priorities, dependencies and making pragmatic decisions in the context of enterprise and line of business objectives Develops and retains in-depth knowledge and expertise of market place and industry developments pertaining to vendor relationship, category and business requirements

Requirements:

• Procurement experience
• Strong communication, working w/ stakeholders
• Customer service mindset- working w/ internal partners, risk oversight functions. Need to be able to deliver for the business
• Act with a sense of urgency
• Risk mgmt exp
• Project mgmt exp
• FI
• Technology experience
• Verbal and written communication skills, attention to detail, customer service and interpersonal skills.
• Ability to work independently and manage one's time.
• Knowledge of business and management principles involved in strategic planning, resource allocation, and production methods.
• Ability to apply accounting and mathematical principles to work as needed. Ability to analyze business trends and project future revenues and expenses. Previous experience with computer applications, such as Microsoft Word and Excel; Enterprise Application experience a plus.
• Education/Experience: Bachelor's degree in business management, economics, finance, accounting or relevant field required. 5-7 years experience required.

Why Should You Apply?

• Health Benefits
• Referral Program
• Excellent growth and advancement opportunities

As an equal opportunity employer, ICONMA provides an employment environment that supports and encourages the abilities of all persons without regard to race, color, religion, gender, sexual orientation, gender identity or express, ethnicity, national origin, age, disability status, political affiliation, genetics, marital status, protected veteran status, or any other characteristic protected by federal, state, or local laws.

About the company

ICONMA is a nationwide consulting firm with corporate headquarters in Troy, MI, providing Professional Staffing and Project Based Services and Solutions for Fortune 1000 clients in a broad range of industries. Core Industries served include: Biotech/Ph...

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