Senior Director, IT Vendor Management

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** Senior Director, IT Vendor Management
**** Hybrid in New Britain, CT, or Towson, MD or Remote
**** Come make the world and accelerate your success.
**** The Job:
** As a Senior Director of Vendor Management, you’ll be part of our Corporate Information Technology team working as a hybrid or remote employee.
You’ll get to:
** Strategic Planning:
*** Develop and implement a comprehensive vendor management strategy aligned with IT and business objectives.
* Design, implement, and refine vendor stratification strategies, ensuring vendors are managed according to their strategic value and risk, which maximizes organizational benefit and efficiency.
* Provide training and guidance to IT Capability leaders to ensure the effective implementation of strategies.
* Partner with Procurement and IT leaders to implement best practices to improve initiatives optimizing cost, quality, and delivery of IT products and services.
** Vendor Relationship Leadership:
*** Establish, nurture, and manage relationships with key technology vendors and service providers. Lead high value negotiations and oversee contract management to secure favorable terms and high-quality delivery.
* Ensure Vendor contracts and relationships maximize cost optimization and ROI;
Lead and guide IT leaders in effective management of contracts in the context of Mergers & Acquisitions / Divestiture events.
* Oversee the selection, relationship management, contract negotiation and management, performance monitoring, and compliance of Managed Service Providers, ensuring their services align with organizational goals and standards;
Manage the team of resources responsible for the daily contract operations.
** Performance Management:
*** Define and track vendor performance metrics, service level agreements (SLAs), and key performance indicators (KPIs). Drive continuous improvement initiatives and ensure accountability.
* Provide framework for supplier performance reviews and develop corrective action strategies as needed
** Risk and Compliance Management:
*** Identify, assess, and mitigate risks related to vendor engagements. Ensure compliance with company policies, regulatory requirements, and cybersecurity standards.
*
* Cross-functional Collaboration:

*** Partner with IT, procurement, legal, finance, and business units to ensure cohesive vendor strategies and resolve operational issues.
** Market Intelligence &

Innovation:
*** Monitor technology trends, vendor market shifts, and emerging solutions. Recommend new vendors and innovative approaches to support business goals.
** Financial Management:
*** Experience in strategic planning and portfolio management, budgeting and financial reporting.
* Monitor and report on key performance indicators (KPIs) and value delivery.
** The Person:
*** Bachelor’s degree in Information Technology, Business Administration, or related field (Master’s preferred).
* 10+ years of progressive experience in IT vendor management, procurement, or strategic sourcing, including 5+ years in a leadership capacity with People Management responsibility.
* Deep understanding of IT infrastructure, software, cloud services, and digital transformation.
* Demonstrated success in developing and executing vendor management strategies in large complex organizations.
* Strong negotiation, communication, and stakeholder management skills.
* Experience in risk management, compliance, and contract administration.
** The Details:
** You’ll receive a competitive salary and a great benefits plan, including:
* Medical, dental, life, vision, disability, 401(k), Employee Stock Purchase Plan, paid time off, and tuition reimbursement in addition to programs & benefits in support of your well-being.
* Discounts on Stanley Black & Decker tools and other partner programs.
** And More:
** We want our company to be a place you’ll want to be – and stay. Being part of our team means you’ll get to:
* * Grow:
* Be part of our global company with 20+ brands to…