The Vendor Management Analyst 1 is responsible for overseeing and facilitating adherence by several Information Technology vendors to the Corporate Vendor Management Policy. Provide basic support to the vendor management process, including vendor evaluations, selection, auditing vendor documents, compliance with government regulator directives, and performance monitoring. Participate in cross functional teams regarding basic IT sourcing events, bids and proposals, including hardware, software, licensing, and services. Monitor vendor compliance with federal regulations regarding technology, security, operations and data protection. Ensure accurate vendor risk ratings are completed on a regular basis, and collect, validate and store all required vendor artifacts and documentation per contractual requirements. Assist with researching potential new vendors to ensure financial viability and mitigate risk. Create purchase orders, and perform vendor invoice review, validation and processing.
Vendor Management contact for several of the Bank’s Information Technology suppliers. Monitor adherence to the Corporate Vendor Management Policy by reviewing and maintaining vendor documentation to ensure accuracy and completeness.
Conduct regular vendor risk reviews, maintain current contract artifacts, and obtain applicable approval for any exceptions to the vendor management policy. The Vendor Management Analyst I will interact with Bank’s subject matter experts, internal and external auditors, and regulators on compliance and governance-related issues.
Research, analyze and evaluate vendors and recommend new vendor purchases. May assist in negotiating contracts/agreements; maintain documentation and assist with risk assess vendors. Facilitate contract review between vendors and the Legal department, if necessary. Coordinate support with regard to basic bids and proposals. Create purchase orders and be responsible for confirming costs are in budget.
Provide support to the organization for problems with vendor products and services. Contribute to cross functional teams monitoring vendor performance, cost, contract, or risk. Prepare documents, and support internal and external discussions regarding vendor management issues.
Bachelor’s degree from a four-year college or university and one or more years of experience or training in Vendor/Supplier Management, Supply Chain, Purchasing, Information Technology; or a high school diploma and 4 or more years of related experience or training.