Lead Vendor Management Associate

Lead Vendor Management Associate

Vacancy expired!

Are you ready to explore a world of possibilities?

Join our DTCC family, and you'll grow your expertise and become the best version of you. As you embark on a new journey, you'll be supported and surrounded by other professionals as you learn new skills, advance your career, and see the impact of your efforts every day.
Pay and Benefits:

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Retirement benefits
• Paid Time Off and other leave of absence
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (Onsite Tuesdays, Wednesdays and a third day of your choosing)

Why you'll love this job:
IT Vendor Management (IT-VM) serves as the first line of defense ensuring that IT vendor engagements align with DTCC's IT strategy. By driving service excellence, identifying cost savings, and mitigating risks. IT-VM helps to improve value from vendors throughout the relationship lifecycle. IT-VM also provides mentorship to IT on third party engagement, vendor spend/cost, as well as handling collaborator relationships and communication.

This role will partner with our Procurement, Finance, IT, and Third-Party Risk Management to develop and is responsible for the Product Needs Analysis, assist in rationalization efforts, and additional tasks as directed by ITVM Leadership. The role requires someone with hands-on experience in developing technical vendor strategy, operating & pricing models and handling a comprehensive relationship with a wide array of vendors.
Your Primary Responsibilities:

• Defines and is responsible for the execution of complex vendor management and implementation strategy for a defined set of vendors.
• Proactively develops effective business relationships with vendors, collaborators, and key decision makers to meet or exceed expectations
• Drives continuous improvement activities and implementations across functional areas.
• Exercising saving levers through horizontal and vertical reviews in support of cost optimization.
• Vendor segmentation and alignment to the IT and business strategies.
• Support the execution of third-party spend management and cost analysis.
• Management, communication and tracking of IT professional service and hardware/software engagements in alignment of the IT Vendor Management strategy.
• Promote and provide recommendations on Engagement / Statement of Work (SOW) in alignment to the IT Vendor Management Strategy levers such as consolidation, and co-terming, or transformation to out-come based models, with supporting analysis.
• Proactively finds opportunities to streamline processes and derive efficiencies
• Support standard monthly reporting, status reports with focus on oversight and final delivery of the written portions of the report, ensuring a high level of quality output.
• Support development of new reporting, using thought leadership in new reporting techniques, communication, and report styles.
• Creation and maintenance of mentorship documents and templates for collaborators, as well as Policy and Procedures
• Support in the creation and delivery of presentations and communication to Senior Leadership and collaborators.
• Mitigates risk by following established procedures and monitoring controls, spotting key errors, and demonstrating strong ethical behavior.
• Role is not limited to the responsibilities highlighted above.

NOTE: The Primary Responsibilities of this role are not limited to the details above.
Talents Needed For Success:

• Minimum of 6 years of related experience
• Bachelor's degree preferred or equivalent experience

Additional Qualifications:

• Excellent verbal and written communication and presentation skills
• Analysis skills
• Experience in the development of metrics (KPI/KRI) and reporting, including report development and visualization.
• Experience in developing IT Vendor profiles and conducting PNA Analysis and New deals assessments.
• Excellent writing, grammar, and style skills; ability to adapt writing style for different audiences and media; a must.
• Ability to explain and articulate technical concepts using non-technical language.
• Knowledge of Vendor risks methodologies, policies, standards, and procedures.
• Knowledge of information technology systems, infrastructure, and operations.
• Proficient with Microsoft Word, Excel, and PowerPoint, Adobe Acrobat.
• Work collaboratively by building consensus and influencing decision making to champion forward progress with projects and initiatives.

Who We Are:
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

About Us

DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry's needs and we're working to continually improve the world's most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle.

DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind.

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About the Team

Serves as a dedicated technology resource for advancing DTCC's business opportunities and providing industry thought leadership for leveraging new technology. The goal of this new department is to partner internally with IT, our business and regulatory divisions and externally with clients, regulators, and fintech vendors, to help build new platforms and business models to advance DTCC's mission to support the financial markets.