Onsite Work - Need VENDOR MANAGEMENT Project Manager in Mount Laurel NJ or Charlotte NC

100% Onsite in either Mt. Laurel OR Charlotte

Must be local to NJ or Charlotte and under 60 mins

Need valid LinkedIn

The main focus will be experience with Third Party Vendors, understanding urgency & timelines when working with various business units. This role will work very closely with Procurement managing contract terms (providing guidance). The ideal candidate will have experience managing large third-party vendors and have the ability to communicate (deal with) to all levels in the organization.

General Profile

Vendor Managers manage Business Arrangements throughout the Third Party Management Lifecycle (TPML), including some or all of the following activities:

• Onboarding & Sourcing – Collaborate with internal stakeholders in identifying and onboarding a new or existing Third Party to support business needs
• Oversight Management – Utilize tools for oversight and evidence of Business Arrangement adherence, including compliance to client's Policies and Standards
• Contract Management – Understand and maintain knowledge of Business Arrangement terms (including key Third Party and business segment or corporate function (client) deliverables) and scope changes that will be actively managed throughout the term. If the Business Arrangement involves licenses or other assets, create and maintain governance processes to ensure effective asset management
• Relationship Management – Build strong partnerships with Third Parties and internal stakeholders to better understand their strategic direction and help manage issues that may arise
• Performance Management – Monitor, analyze and report a Third Party's performance through the delivery of services against Service Level Agreements (SLAs), Service Level Objectives (SLOs), Key Performance Indicators (KPIs) or other contractual commitments
• Financial Management – Understand the financial terms of a Business Arrangement and monitor a Third Party's financial health to mitigate risk related to costs and services
• Risk Management – Identify issues and monitor trends with a Third Party in a responsive manner, to reduce risk in alignment with the client Third Party Risk Management Policies and related Standards
• Offboarding – Collaborate with internal stakeholders to support business needs by delivering a transition or termination of a Third Party
  
  

In Addition To The Activities Described Above, Vendor Managers May Have Accountabilities As Part Of The Lead Vendor Management Office (Lead VMO) For a Third Party. Such Accountabilities May Include

• Consolidate an enterprise view of the relationship with the Third Party
• Lead governance meetings with the Third Party
• Support the Accountable Executive that owns client's relationship with the Third Party
  
  

Primary Purpose Of The Job

Manage Third Party Business Arrangements through all stages of the TPML, in alignment with relevant frameworks, policies and standards. Vendor Managers are expected to understand and maintain knowledge of Business Arrangement terms (including key Third Party and business segment or corporate function deliverables). Vendor Managers are also responsible for monitoring, analyzing and reporting on performance of Business Arrangements and identifying and escalating issues where identified in order to mitigate risk. On more strategic, critical and/or complex relationships across multiple business segments or corporate functions, role may also act as the Lead Vendor Manager supporting the Accountable Executive that owns client's relationship with the Third Party.

Job Requirements

2 roles ( L9 and L10)

Role 1 - L09 Vendor Manager II

Role 2 - L10 Vendor Manager III

• Undergraduate degree
• 5+ years of related experience
• Expert level professional role requiring in-depth knowledge / expertise in own domain / field of specialty and working knowledge of broader related areas
• Integrates the broader organizational context into advice and solutions within own area
• Has some industry knowledge and can build an understanding of the industry, competition and the factors that differentiate the organization. Applies best practices to implement process, product or service improvements
• Acts as a subject matter expert within their own area of specialty or a resource for others
• Supports projects of moderately to complex risk and resource requirements; may lead end-to-end processes or functional programs
• Contributes to setting standards within area of expertise
• Supports complex problems requiring analysis of multiple variables, including consultation with multiple stakeholders
• Impacts a range of functional programs and operations across own and related teams
• Interprets guidelines, standards, policies and results of analysis to inform decision making at senior levels
• Supports stakeholder alignment in leading projects and activities; may provide process and subject matter advice at senior levels
• Works independently as the lead and guides others within area of expertise
• Identifies and leads problem resolution for complex issues at all levels
• Generally reports to a Manager or above
• Proficient knowledge of Vendor Management, Business Arrangements, Third- Party Management Lifecycle framework/principles, policies and procedures, systems, products/services, product research, assessment & reporting, competitive intelligence, negotiation tactics and/or regulatory requirements
• Knowledge of current and emerging competitor and market trends
• Knowledge of Risk Management environment, standards and regulations
• Knowledge of budgetary management principles/practices/procedures
• Skill in identifying problems and reviewing related information to develop/evaluate options and implement solutions
• Skill in supporting the development and implementation of change initiatives and/or processes
• Ability to communicate effectively in both oral and written form
• Ability to work collaboratively and build relationships
• Ability to monitor, analyze, report and assess adherence, performance and risk of information, contractual terms and/or delivery of services
• Skill in researching,
• collecting, organizing and analyzing complex or technical data and developing plans to address identified issues/problems
• Ability to lead, plan, implement and evaluate program/project activities to ensure completion of initiatives
• Ability to exercise sound judgement in making decisions
• Ability to research, collect, organize and analyze information and prioritize work while meeting multiple deadlines
• Skill in using analytical software tools, data analysis methods and reporting techniques
• Skill in using computer applications including MS Office
• Ability to work successfully as a member of a team and independently
• Ability to handle confidential information with discretion
• Undergraduate degree
• 7+ years of related experience
• Expert level professional role requiring substantial knowledge / expertise in a complex field and knowledge of broader related areas
• Integrates knowledge of the enterprise sub- function’s or business line’s overarching strategy in developing solutions across multiple functions or operations
• Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services
• Acts as a lead integrating cross- function understanding within their own field of specialty; with significant resource requirements, risk and / or complexity
• Independently manages business arrangements
• Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions
• Uses sophisticated analytical thought to exercise judgement and identify solutions
• Impacts the achievement of sub- function or business line objectives within the area they are accountable for
• Supports advanced methods to contribute to new solutions and recommend standards against which others will operate
• Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders
• Works autonomously as the lead and guides others within area of expertise
• Generally reports to a Senior Manager or above
• Advanced knowledge of Vendor Management, Business Arrangements, Third- Party Management Lifecycle framework/principles, policies and procedures, systems, products/services, product research, assessment & reporting, competitive intelligence, negotiation tactics and/or regulatory requirements
• Knowledge of current and emerging competitor and market trends
• Knowledge of Risk Management environment, standards and regulations
• Knowledge of budgetary management principles/practices/procedures
• Skill in identifying complex problems and reviewing related information to develop/evaluate options and implement solutions and/or governance procedures
• Skill in supporting the development and implementation of change strategies and/or processes
• Ability to negotiate, influence, collaborate and effectively communicate to build relationships
• Ability to contribute to strategic direction of the function and provide advice to senior leadership
• Ability to monitor, analyze, report and assess adherence, performance and risk of information, contractual terms and/or delivery of services
• Skill in researching, collecting, organizing and analyzing
• complex or technical data and developing plans to address identified
• issues/problems
• Ability to lead, plan, implement and evaluate program/project activities to ensure completion of initiatives
• Ability to exercise sound judgement in making decisions
• Ability to research, collect, organize and analyze information and prioritize work while meeting multiple deadlines
• Skill in using analytical software tools, data analysis methods and reporting techniques
• Skill in using computer applications including MS Office
• Ability to work successfully as a member of a team and independently
• Ability to handle confidential information with discretion