Vendor Manager - 56059

ncing competing priorities, and adapting to evolving business needs. Evaluate vendor performance and ensure timely resolution of issues. Develop and maintain strong relationships with internal partners and vendors. Understand contractual terms and their implications. Represent the business in contract negotiations and governance meetings. Collaborate with sourcing partners to share insights for strategic planning. Implement strategic direction across business units. Apply change management principles to manage stakeholder and vendor expectations. Ensure active participation in vendor governance and oversight. Make pragmatic decisions aligned with enterprise and line of business objectives. Develop expertise in market and industry developments. This is a long-term contract position offering an opportunity to work with a major financial institution.

Position: Vendor Manager III
Shift: Monday to Friday – core business hours
Location: Toronto, Hybrid

Advantages
Long-term contract (14 months contract)
Opportunity to establish a career with a major bank.

Responsibilities
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 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

Qualifications
5+ years of experience; Procurement experience is mandatory; strong communication and stakeholder management skills; customer service mindset; ability to work with tight deadlines and multiple priorities; financial analysis skills are a plus; experience in risk management, project management, and/or financial institutions (FI) and technology is preferred.

Summary
If you are interested in the vendor manager role, Please Apply now online today!!

Randstad Canada is committed to fostering a workforce reflective of all peoples of Canada. As a result, we are committed to developing and implementing strategies to increase the equity, diversity and inclusion within the workplace by examining our internal policies, practices, and systems throughout the entire lifecycle of our workforce, including its recruitment, retention and advancement for all employees. In addition to our deep commitment to respecting human rights, we are dedicated to positive actions to affect change to ensure everyone has full participation in the workforce free from any barriers, systemic or otherwise, especially equity-seeking groups who are usually underrepresented in Canada's workforce, including those who identify as women or non-binary/gender non-conforming; Indigenous or Aboriginal Peoples; persons with disabilities (visible or invisible) and; members of visible minorities, racialized groups and the LGBTQ2+ community.

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