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The Vendor Management (VM) Lead is a key role part of the Global Vendor Management team, a function which supports multiple organizations within Citi Technology Infrastructure (CTI). The role adds value by managing four primary areas: Third Party risk/compliance, Service Reviews, Contracts, and Service Improvement – all revolving around suppliers/third-parties.
Job Responsibility:
Drive discussions and build strong relationships with partner functions, such as Procurement, Legal, Third Party Management, Risk, serving as a bridge between functions and the business
Drive supplier optimization and efficiencies, such as cost reduction, operational improvements, contract combinations, and other work to drive efficiency and effectiveness for the business
Work with business contacts to establish appropriate risk mitigation activities to minimize risk to Citi
Knowledge and understanding of Third Party Management and Risk Management, Coordination, tracking and reporting of Third Party Management and Third Party Risk Management activities within the business and to management
Liaise with the ESC Third Party Utility, as necessary, to review and respond to the results of third party risk management activities conducted centrally by the Utility
Perform Compliance Assessments as needed, identify/report exceptions and drive remediation activities to sustainable processes
Review, assess and act on results of assessments/controls
Manage and/or Conduct on-site visits of suppliers, as required
Interact with suppliers on escalations of non-performance and/or contractual issues to drive resolution and service improvement, as appropriate
Monitor and report on third party performance and SLAs, either directly or through coordination with other Citi stakeholders
Build and maintain metrics, data, summaries, and dashboards of third party performance and footprint
Identify and drive improvements using data
Lead Contractual engagements for the business, such as Amendments, Renewals, and RFQ, RFP, RFI
Handling ad-hoc requests from stakeholders, and using relationships and knowledge to solve problems
Understanding that every issue is also an opportunity
Standardize and drive SLA performance and Service Reviews with key suppliers
Present executive briefs and high-level metrics senior management and stakeholders
Drive process improvement and make recommendations to improve ways of working
Requirements:
Excellent project management, planning and organizational skills
Proven individual contributor, willing to take on work and drive results on their own
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