Vendor Manager - Capital Markets Technology

On behalf of our client in the Banking Sector, PROCOM is looking for a Vendor Manager - Capital Markets Technology.

Vendor Manager - Capital Markets Technology – Job Description

• Manages a portfolio of vendor relationships that are significant in scope, complexity, and criticality
• Onboard new vendor initiatives per the Bank Sourcing Policies that require risk and sourcing due diligence and approvals
• Understand contractual terms and conditions, and their commercial implications to the business in order to effectively manage vendor agreement(s) and relationship(s)
• Evaluate vendor performance and ensure the prompt and thorough resolution or escalation of performance issues, understanding/managing risks associated with customer facing/impacting vendors
• Develop and maintain effective relationships with internal partners and vendor(s) to ensure business priorities requirements are clearly understood and met, and objectives are aligned
• Manage and track contractual amendments understanding the commercial benefits and associated risks and facilitate approval process involving appropriate stakeholders
• Participate fully as a member of the team and contribute to a positive work environment that encourages productivity, professionalism and teamwork
• Makes an impact by getting things done, focusing on what matters, owning and delivering superior results for all stakeholders in both the short and long-term
• Ultimately responsible for delivery of effective vendor relationship; including service/product delivery, VM governance, performance management, and continuous improvement initiatives
• Applies sound judgment by understanding priorities, dependencies and making pragmatic decisions in the context of enterprise and line of business objectives
• Support the implementation of action/remediation plans to address performance/risk/governance issues
• Represent the needs of the business and/or the Bank and actively participate in contract negotiations and vendor management governance meetings

Vendor Manager - Capital Markets Technology – Mandatory Skills

• 2-4 years of experience in vendor management
• Understanding and knowledge of Master Services Agreements, Subscription based agreements and Service Level Agreements, and their commercial implications to the business in order to effectively manage vendor agreement(s) and relationship(s)
• Experienced in communicating with internal senior executives and vendor organizations
• Experienced executor, able to navigate the organization to effectively get things done
• Effective influencer, partner and collaborator, willing to bridge across different teams and functions to deliver quality results
• Ability to function effectively in a fast-paced, multi-faceted environment often working independently with minimum supervision
• Results oriented and possess excellent analytical skills to help identify vendor related cost savings and process improvements to drive and maximize vendor value
• Comfortable working in changing circumstances, able to handle complex situations independently and determine what issues require escalation, what to resolve and how to make suggestions for improvement

Vendor Manager - Capital Markets Technology – Nice to Have Skills

• Familiarity with MDSL's Market Data Manager (MDM) for inventory management, invoice reconciliation and reporting is an asset

Vendor Manager - Capital Markets Technology - Assignment Start Date

ASAP – 10 months to start

Vendor Manager - Capital Markets Technology - Assignment Location

Toronto, ON – Working Remotely