Vendor Management Officer – ()

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Job Detail

  • Job ID 1006273
  • Career Level Officer
  • Experience 3 Years
  • Industry Management
  • Qualifications Degree Bachelor

Job Description

Job purpose
The Vendor Management Officer will be responsible for overseeing vendor relationships and ensuring that vendors comply with regulatory requirements, meet contractual obligations, and adhere to the bank’s vendor management policies and procedures. The role will also be responsible for identifying and mitigating vendor-related risks and supporting the development and implementation of vendor management strategies.

The ideal candidate should have a strong understanding of vendor management practices, experience in the 3rd party risk management and compliance, and the ability to work collaboratively with internal and external stakeholders.

Duties and responsibilities

  • Conduct due diligence assessments on new and existing third-party relationships, in compliance with internal policies and procedures.
  • Conduct vendor assessments and risk analysis to ensure that third-party risks are identified, assessed, and managed in accordance with internal policy, regulatory requirements, and industry best practices.
  • Monitor vendor performance and adherence to service level agreements, working with vendors to resolve issues and improve performance where necessary.
  • Develop and maintain vendor scorecards and performance metrics, reporting on vendor performance to management.
  • Maintain a centralized inventory of vendor’s data to ensure that all information remains accurate, up to date and readily available.
  • Coordinate end to end vendor transition processes: including clearly defined onboarding and offboarding checklists, appropriate prioritization, impact assessment, approval, and documentation.

Required skills

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