VP, Strategic Vendor Relationship Manager

VP, Strategic Vendor Relationship Manager

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What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence.
What if you could have access to cutting‑edge resources, a collaborative environment, and the freedom to make an impact? If you're ready to take the next step, discover what’s possible with LPL Financial.

LPL Financials’ Strategic Sourcing & Procurement team seeks an experienced Strategic Vendor Relationship Manager to optimize and manage relationships with LPL’s most complex vendors.

Are you a trusted partner and relationship builder who engages in tough, yet effective, conversations with key stakeholders, including Executive leadership? Do you enjoy driving organizational value through deeper partnerships both on internal and external engagements? Do you have experience aligning contractual, commercial, and strategic objectives to established vendor frameworks? Do you thrive at executing under pressure to deliver exceptional financial outcomes while improving program and vendor engagement models?

If yes, then this could be the role for you!

We have an exciting opportunity to join our Sourcing organization as a Vice President, Strategic Vendor Relationship Manager where you’ll be responsible for spearheading partnerships with an assigned group of LPL’s most complex strategic vendors. In addition, you will be an SME who provides guidance to internal/external stakeholders regarding vendor compliance, risk management/mitigation, cost optimization, and financial insights. Lastly, the Strategic Vendor Relationship Manager will continuously cultivate and deepen Vendor partnerships while maximizing value.

A fundamental component of the role is change management and the ability to lead the transformation of LPL’s partnership with its strategic Vendors. You will also be a key contributor regarding the ongoing evolution of the SVRM Program by developing and maintaining effective processes and supporting the creation and management of strategic vendor roadmaps.

• Influence and maintain strong internal relationships with executive Strategic Relationship Owners through ongoing engagement, consultation and participation in day-to-day operational functions.
• Manage holistic relationships with strategic Vendors, understand the impact of Vendors who provide multiple products / services across multiple business units and demonstrate the ability to cohesively drive LPL’s priorities and mitigate risk with the Vendor’s roadmap and strategic future partnerships.
• Partner with the Strategic Sourcing leadership to evolve the vision and execution roadmap for the Strategic Relationship Management function maximizing the value of LPL’s Vendors by creating a centralized LPL message.
• Collaborate and drive partnership with various Business stakeholders, Sourcing, Technology, Operations, Product Management, Third Party Risk, and Legal to conduct contract analysis, establish clear metrics of success, drive roadmap innovation and maintain executable escalation paths.
• Ensure Business Owners, internal stakeholders and vendor partners establish and evolve deeper partnerships with strategic Vendors, developing executive level relationships, reviewing performance to identify potentially problematic trends and aligning Vendors to LPL’s strategic vision.
• Negotiate high dollar & high-risk contracts with key Vendors in such a way to drive value across Business, Product and Technology roadmaps.
• Ensure appropriate processes/controls to maintain and ensure compliance with the contract in support of the Strategic Relationship Owner.
• Manage the completion and oversight of SVRM reports, fact sheets, and tracking matrices.
• Lead all efforts and logistics pertaining to onsite Quarterly Business Review meetings for assigned vendors focusing on service performance, incident metrics, firm updates, strategic planning, and review of new vendor services.
• Understand and represent the different types of risk…