Vendor Management Intern

1 month ago

Arsenal PA, United States Dollar Bank Full time

Job Overview: Are you looking to apply your academic knowledge to a real-world business context, particularly in vendor management and organizational dynamics within a financial institution committed to community service? As a Vendor Management Intern, you will support the coordination of our enterprise-wide Vendor Management Program, assisting in the assessment, evaluation, and monitoring of third-party relationships in line with our policy. You will work closely with the AVP for Vendor Management and collaborate with departments such as Information Security, Business Continuity and Credit, as well as all other departments utilizing vendors in their business operations. This internship will allow you to gain practical experience in overseeing, tracking, documenting, and reporting on service providers, contributing to the Bank's Vendor Management Committee's activities and objectives. Qualifications: Currently enrolled in a Bachelor's program with a focus on Business Administration, Information Systems, or a related field. Completion of at least of one year of college education is required. Previous internship or work experience in vendor management, business continuity, or related area is a plus. Proficiency in Microsoft Office Suite and the ability to quickly learn and utilize database programs. Strong written and verbal communication skills. Excellent planning, time management, and organizational skills. Demonstrated ability to adapt to change and address emerging issues. Principal Activities and Duties: Actively engage with the vendor management platform, assisting in the day-to-day implementation of our Vendor Management Program and ensuring its alignment with policy requirements. Participate in the due diligence process for evaluating new vendors, including the collection and analysis of vendor information and compliance documentation, under the supervision of the AVP for Vendor Management. Assist in the onboarding process for approved vendors, ensuring all necessary documentation and contract information are accurately reflected in the vendor management platform. Collaborate with various departments to monitor and evaluate the ongoing performance of approved vendors, and assist in any renewals or terminations as applicable. Undertake additional duties as needed to support the efficient operation of the Vendor Management program and to achieve departmental objectives.

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