Third Party Vendor Manager

About the Opportunity

Job Type: PermanentApplication Deadline: 31 May 2024

Title Third party vendor manager

Department Supplier Oversight Germany

Location Kronberg, Germany

Reports To Associate Director Supplier Oversight Germany

Level 5

We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our Supplier Oversight team and feel like you’re part of something bigger.

About your team :

The German Supplier Oversight function on the one hand coordinates the collaboration of the respective teams with the business to ensure the continuous compliance of their systems/procedures/processes with the relevant legal, contractual, and internal / external regulations and requirements and on the other hand ensures an adequate vendor management of our external suppliers.

About your role :

As a Third Party Vendor Manager, your primary responsibility is to oversee and monitor the goods, services, or activities provided by our most critical third-party partners and any risk arising. Your role involves ensuring compliance with our outsourcing and third-party policies, as well supporting the local vendor managers. Additionally, you will collaborate with dedicated 2nd line of defense functions to support the aim of strengthening Operational Resilience throughout.

This includes:

To establish, manage and support the development, implementation and embedding of third-party vendor management policies and framework within the business under consideration of regulatory impacts (e.g. MaRisk/BAIT/DORA/EBA) To actively manage contractual processes and relationships with the critical third-party vendors along the vendor lifecycle including regular governance reviews and assessment of internal impact To ensure that costs are negotiated charged correctly, consistently and managed at a reasonable level Support the onboarding processes of third parties, ensuring due diligence and necessary approvals To conduct ongoing supplier benchmarking or RFPs and financial and risk assessment reviews and manage issues To design and implement monitoring and reporting processes for various groups and internal Committees To complete required reporting on supplier performance and third-party risks To collaborate with Business Process Owners to produce Exit Plans and align to strategy Monitor third-party relationships, identify risks, and coordinate mitigation efforts with SMEs To support the Legal function in managing new and renewal contracts

About you :

You’ll succeed because you have:

University degree in Business Administration, Economics, Law, Business Management, or related field of study A minimum of 5 years of professional experience in outsourcing and third party risk management practices Proven commercial experience in the area of supplier/vendor management Knowledge and understanding of regulatory outsourcing and third party risk management requirements Ability to build relationships and trust internally and externally Understanding of Operational Resilience and vendor related regulatory requirements Strong analytical and problem-solving skills Experience of business process workflows Ability to manage time, meet deadlines and prioritise Excellent communication skills and it is in your nature to find pragmatic solutions Ability to present your findings on a high-level and report these to all stakeholders on a cross functional level Confidence when it comes to challenging existing processes and supporting your arguments with backed-up reasoning Fluent German and English language skills required Passion to continuously drive the bank for more efficiency

Feel rewarded :

For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team.

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