Manager, Vendor Management

Job Description

NOTE:

This position is aligned to support IT Vendor Management for our Analytics, Data, Technology & Digital (ADT&D) division.

This role is accountable for strategically managing vendor portfolios and vendor relationships for assigned internal business organizations. The incumbent acts as a senior strategic trusted advisor to the business department executives and leads a vendor management team to execute sourcing, selection, negotiations, contracting, and governance activities through proactive collaborative engagement with the business unit, cross functional stakeholders, and leaders.

In addition, this role serves as a senior sourcing leader and master negotiator responsible for driving and guiding large enterprise complex vendor sourcing activities, commercial negotiations, and resolution of key vendor issues.

This role oversees and supports vendor strategies, staffing models, process improvement initiatives and cost optimization efforts aligned with enterprise goals. Additionally, this leader empowers team members through mentorship and professional development.

• Directs vendor portfolios and vendor relationships for assigned business organizations and all aspects of the vendor relationship to ensure vendor performance meets contractual obligations and business partner expectations.
• Leads a team of vendor managers in sourcing, negotiating, contracting, and governing to deliver business department vendor portfolio improved vendor performance, competitive costs, balanced risk, enhanced vendor alignment, on-time execution, and optimal business partner alignment and satisfaction.
• Conducts monthly and annual strategic vendor portfolio reviews and planning with business units providing insights on current activity, future needs, industry trends, opportunities, risks, and cost drivers to guide early engagement and sourcing decisions.
• Leads vendor contract lifecycle management including renewals, amendments, and new agreements, ensuring quality, timely delivery, and cost-effectiveness while identifying and resolving execution issues.
• Advises and partners with cross-functional teams (Legal, Finance, Security, etc.) to structure and execute major vendor sourcing strategies, negotiations, and contracting plans, ensuring alignment with business goals and timelines.
• Drives complex vendor negotiations and sourcing activities, leveraging industry benchmarks and legal/financial oversight to secure favorable terms and resolve major vendor issues.
• Champions Supplier Diversity initiatives internally and externally and influences others to drive greater supplier diversity spend.
• Drives formal governance framework to drive improvement for quality, delivery and support, flexibility and ease, cost and financials, risks and compliances, strategic partnership alignment and innovation for select vendors.
• Provides vendor management leadership for corporate enterprise priority projects.
• In partnership with Supplier Solutions director and business unit executives, supports the development and execution of cost model optimization strategies including alternative sourcing and vendor rationalization.
• Provides required vendor management support for business unit ongoing operational activities and projects.
• Leads or supports optimization of vendor management framework, practices, policies, and operating models, contributing to departmental initiatives and best-in-class procedures.
• Builds and maintains strong supplier and stakeholder relationships, fostering collaboration and supporting effective contract implementation in complex environments.
• Conducts internal and external market analysis to assess risk, gain competitive intelligence, and inform sourcing strategies. Guides the development of procurement dashboards and key performance metrics.
• Provides leadership and strategic direction to the Vendor Management and sourcing teams, fostering team development, performance and organizational value.
• Develops talent through ongoing mentorship, coaching, training, and performance management.
• Supports development and execution of strategic staffing plans for respective area balancing direct hires,…