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Regions Bank
Vendor Manager - Business Segment
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Scorecard
Based on Alabama data
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What they do
A Vendor Manager manages relationships with a company's vendors and oversees vendor procurements or sales performance. Manages vendor contracts. Tracks and reports on vendor sales performance. Manages procurement records and inventories. May assist with training provided to vendors to support product sales or services.
$104,806 / year median in Alabama
+3% projected growth
Job Description
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice. Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
- At Regions, the Vendor Manager - Business Segment role supports and administers vendor management for a designated area or division. Ensures enterprise-wide needs for due diligence, risk assessment and continuing vendor monitoring are being accomplished and works to assess, address and monitor business impacts of outsourced service relationships.
- Primary Responsibilities
- + Acts a liaison for area/division in partnership with Corporate Procurement to manage vendor relationships associated with outsourced services + Identifies, reports, and tracks vendor third party risk issues and implements remediation plans + Ensures compliance with expectations for due diligence, risk assessment and continuing vendor monitoring are accomplished + Oversees detailed reporting, documentation requirements and processes to ensure accuracy and completeness of vendor-submitted surveys, documents and deliverables + Facilitates contracts renewals in partnership with Business Segment Managers to ensure that contractual service level agreements are in alignment with the needs of the business + Oversees requests for new vendor relationships and the submittal of Third Party Questionnaires (TPQ), in order to effectively assess and address operational, reputational, customer and shareholder impact, information security and privacy risks, process/policies and procedures impact, staff impact, regulatory impact, and potential for financial loss + Manages third-party contract review and execution for business line, in partnership with Corporate Procurement + Facilitates the resolution of escalated vendor-related issues + Reviews exit plans and Service Organization Controls (SOC) reports as part of the TPQ process + Attends Working Group meetings for complex, critical or high-risk vendor relationships + May manage a team or group depending on area/division + Participates in and/or leads, as appropriate, the procurement process with vendors + Manages the governance, procurement and contract-related aspects of the business segment vendors in order to support corporate procurement and vendor management objectives + Communicates, educates and implements a common and consistent approach to vendor management within the business segment + Makes recommendations as appropriate to correct deviations from established standards and objectives + Completes critical vendor managements tasks + May lead the procurement process with vendors This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
- Requirements
- + Bachelor's degree and five (5) years vendor management experience + Or High School Diploma and nine (9) years vendor management experience
- Skills and Competencies
- + Ability to manage multiple tasks and projects in a timely manner + Excellent communication, negotiation, and influencing skills + Exceptional organizational, analytical and follow-through skills + Project management skills + Proven ability to build relationships + Strong knowledge of banking and regulations impacting business unit relationships
- Position Type
- Full time
- Compensation Details
- Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions.
Job Range Target:
- _
Minimum:
_- $82,710.10 USD
- _
Median:
_- $104,600.00 USD
Incentive Pay Plans:
- This job is not incentive eligible.
- Benefits Information
- Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates.
https:
//www.regions.com/about-regions/welcome-portal/benefits- Location Details
- Riverchase Operations Center
Location:
- Hoover, Alabama Equal Opportunity Employer/including Disabled/Veterans Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting.