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TB
TD Bank
3rd Party Vendor Performance Mgr (US)
Career Insights for Vendor Manager
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Based on New Jersey 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.
$116,721 / year median in New Jersey
+5% projected growth
Job Description
Work Location:
Mount Laurel, New Jersey, United States of America Hours:
40Pay Details:
$91,000- $145,600 USD TD is committed to providing fair and equitable compensation opportunities to all colleagues.
Line of Business:
Procurement & Sourcing Job Description:
This role acts as the primary focal point for optimizing the health and effectiveness of IT vendor relationships. This role actively monitors process adherence and implementation of consistent IT vendor management operating processes. This role interfaces with key stakeholders to ensure alignment with overall strategies and processes. This role works in a collaborative fashion with all IT and business partners to deliver technology solutions that allow TD Bank U.S., to be the better bank in every market in which it competes. Our solutions and services will provide TD Bank a quality and cost advantage, leverage our enterprise capabilities, meet business needs, and provide high availability in a secure environment.Depth & Scope:
Subject matter expert/specialist in the field and may manage people Promotes and champions a consistent IT Vendor Management process for TD Bank and US Technology Solutions Initiates regularly scheduled process performance reviews; Analyzes process review findings and identifies deviations and quality improvement initiatives; Ensures that improvement initiatives identified in process reviews are acted on and progress reports are provided to the IT VMO Leader Provides assistance in the review of Service Level Agreements, contracts, and agreements for IT strategic vendor integration initiatives Validates alignment between business requirements and IT Vendor Management process capabilities Ensures that all IT Vendor Management processes are consistent and interface appropriately with TD IT vendor strategies, enterprise processes, and standard terms and conditions Assesses project delivery risk through regular reviews of IT strategic vendor scorecard performance; Provides input into scorecard continuous improvement initiatives Develops process performance reports to track TD compliance to IT vendor management processes Functions as a primary escalation point for disputes regarding process adherence and vendor relationships Routinely monitors trends in IT vendor management best practices and identifies opportunities to incorporate within existing processes Develops and conducts process training awareness sessions to improve process adoption and adherence Continuously seeks and implements initiatives to reduce vendor and department expense and/or add value Collaborates with Strategic Sourcing to optimize vendor unit cost and total cost Monitors vendor expense against projected budgets. Alerts appropriate functional groups to significant variancesEducation & Experience:
4 year degree or equivalent experience required 3-5 years of related experience required Previous experience with IT Vendor Management Processes. Demonstrated experience with relationship management, negotiations, reporting tools and internal/external banking regulations. Demonstrated experience with Process Quality and Maturity standards as well as Service Management and Delivery best practices. Proven strength with MS Office Suite, Visio and MS Project.Customer Accountabilities:
Understands and supports the Bank's Customer Service Strategy Considers the impact of decisions on the well-being of TD, its Customers and stakeholders Provides the highest level of Customer service when dealing with internal partners, vendors or our Customers- WOW at every opportunity Models quality service delivery at every interaction Leads and contributes to the ongoing improvement of the partner / Customer experience
Employee/Team Accountabilities:
Be engaged in advancing and sustaining a unique, inclusive culture that reflects TD's diversity agenda, and create an extraordinary employee experience Participates fully as a member of the team and contribute to a positive work environment May provide leadership, training, and guidance to other team members Ensures ongoing communication with the team on the status / progress of projects and issues / points of interest Actively shares information and knowledge, and proactively learn from the expertise of othersPhysical Requirements:
Never:
0%;Occasional:
1-33%;Frequent:
34-66%;Continuous:
67-100% Domestic Travel- Occasional International Travel
- Never Performing sedentary work
- Continuous Performing multiple tasks
- Continuous Operating standard office equipment
- Continuous Responding quickly to sounds
- Occasional Sitting
- Continuous Standing
- Occasional Walking
- Occasional Moving safely in confined spaces
- Occasional Lifting/Carrying (under 25 lbs.)
- Occasional Lifting/Carrying (over 25 lbs.)
- Never Squatting
- Occasional Bending
- Occasional Kneeling
- Never Crawling
- Never Climbing
- Never Reaching overhead
- Never Reaching forward
- Occasional Pushing
- Never Pulling
- Never Twisting
- Never Concentrating for long periods of time
- Continuous Applying common sense to deal with problems involving standardized situations
- Continuous Reading, writing and comprehending instructions
- Continuous Adding, subtracting, multiplying and dividing
- Continuous The above statements are intended to describe the general nature and level of work being performed by people assigned to this job.