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Banking Operations Vendor Manager II

3 months ago

Atlanta, Georgia, United States Truist Full time

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.

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(accommodation requests only; other inquiries won't receive a response).

Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Location note: this role is open to remote candidates. Preferred hybrid or in-office sites are Richmond, Atlanta, Charlotte, and Orlando.

This position exists to provide leadership responsibility for vendor management, within the assigned business unit, to ensure all vendors are in compliance with Enterprise Third Party Risk Management Policies and Procedures. Position will manage, coordinate, and facilitate all vendor artifact programs, to ensure timely completion, along with engagement activities, associated with vendor contracting, to remain compliant with Supplier Adherence Advisory requirements. Position manages five or more core vendors.

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

  1. Completion of assigned risk assessments, due diligence, and compliance monitoring programs
  2. Participation in review of business unit scorecards to ensure completion of all programs and activities. Oversight, identification, and timely escalation of all vendor performance issues. Assure remediation of due diligence and performance issues. Collaborate with internal lines of business (LOB) to ensure vendor performance meets expectations.
  3. Monitoring and review of vendor contract Service Level Agreements (SLA) and Performance. Continuous improvement contract activities and performance credit allocations as directed by each contract.
  4. Facilitating and scheduling of required Vendor On-Site Reviews and completing appropriate documentation to fulfill Adherence requirements and uploading into Archer.
  5. Facilitating annual Executive Review (Summit) meetings for Critical Core Third Parties
  6. Life cycle management of business unit vendor contracts. Initiates and facilitates the selection and negotiation of vendor contracts. Monitoring of expired contracts and timely requests to renew, adjust or provide additional funding. On-Boarding and Off-Boarding business unit vendors as needed
  7. Responsibility and facilitation of Change Management programs related to contractual changes. Includes all reporting, contract and procurement activities.
  8. Management of invoice validation and payment. May include financial forecasting and participation in projects which impact financials. Participation in Service Request activities including Resource Allocation Committee as needed.
  9. Identify and implement cost optimization opportunities as identified.

QUALIFICATIONS

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  1. College degree or equivalent education, training and work-related experience.
  2. Seven years of experience in business function or relevant experience in sourcing, procurement, supply chain, vendor management, materials management or equivalent
  3. Strong analytical skills to include statistics and forecast modeling
  4. Strong relationship management skills
  5. Strong communication skills - written, verbal, presentation - to include all levels of management
  6. Negotiation and consulting experience
  7. Demonstrated proficiency in basic computer applications, such as MicroSoft Office software products

Preferred Qualifications:

  1. College degree in Business, Finance, Supply Chain Operations, Engineering, Procurement, Management and Logistics

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site )

. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

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