Relationship Manager - Strategic Vendor Partnerships

Company: THE BANK OF NEW YORK MELLON CORPORATION
Location: Jersey City
Posted on: April 8, 2021

Job Description:

Relationship Manager - Strategic Vendor Partnerships

• Jersey City, New Jersey; New Jersey, United States
• Information Technology
• 2102752 Job Description This role is being recruited for Strategic Vendor Partnership team. Our vision is to be a strategic partner to business to provide guidance and support the outsourcing transformation aligned with business objectives, establish and maintain enterprise level strategic suppliers relationship and Institutionalize robust governance to assure best quality professional services. You will be instrumental in driving the key initiatives along with the relationship manager to implement the same cross functionally in the BNY Mellon organization.Strategic Vendor Partnerships Team Relationship Manager (GT SVP RM)
  Responsibilities / Job Description
  • Catalyst for preferred vendor strategy and accountable for preferred vendor program and managing relationship with preferred vendors
  • Help drive third party spend optimization and meet saves target
  • Drive outsourcing and third party spend strategy for the lines of businesses--
  • Establish and Drive outsourcing and engagement maturity plan across lines of businesses
  • Perform data and value insights for existing third party spend and landscape and identify outsourcing spend transformation & optimization opportunities
  • Act as a trusted advisor to the LoB to manage and optimize their professional services third party spend
  • Enhance ROI for third party spend
  • Hands on experience on Outsourcing strategy, preferred vendor program management, outsourcing transformation across temp labor and IT/Business consulting engagements
  • Assist LoB in Insourcing / Outsourcing decision, finalize workforce and staffing plan and decide on engagement and pricing model
  • Perform demand due diligence
  • Enhance outsourced engagement maturity by transforming the engagement & pricing model (Managed services and outcome based pricing) and establish continuous improvement processes
  • Ontime contract execution and Governance of end to end vendor / contract management process
  • Contract Management Process streamlining, automation across vendor management processes
  • Contractor workforce data and tools strategy
  • Work with GSCM to standardize SoWs, Contract standards and establish and manager SLA and penalty framework
  • Partner with LoB EMs to manage Risk, Issues and escalation for outsourced engagements
  • Ensure good quality contract and contractor data management via Beeline
  • Operational risks, issues and escalation management
  • Establish & manage integrated operation governance and performance
  • Quarterly Vendor Governance & Performance Management
  • Responsible for driving technology capability assessment framework across LoBs
  • Escalation with cross functional teams like third party governance and sourcing for contracts which are stuck beyond threshold--
  • Support Third party audit supporting's for preferred vendors
  • Facilitate engagement manager trainings--
  • Able to produce and delivery high quality leadership presentations
    Liaises between Technology and multiple business units to support their highly complex technology needs. Leads and provides innovative direction and guidance for a wide array of activities supporting the Technology contracting processes and procedures. Develops strategic client relationships within the business unit to ensure client satisfaction with complex changes and the development of efficient business systems. Represents user area to Technology departments in highly complex system enhancements and design activities to ensure changes take into account business needs. Responsible for negotiating, extending, terminating, and renegotiating of medium-sized contraTechnology for acquisition of equipment, materials, produTechnology, or services. Leads the evaluation and monitoring of processes and tools for different types of contraTechnology, risk assessment, dispute and issue resolution through continual review of existing policies and procedures. Contributes to the achievement of area objectives. Bachelor's degree in a related discipline or equivalent work experience required, advanced degree is beneficial 10-12 years of related experience required, experience in the securities or financial services industry is a plus.Qualifications --- 10+ years of relevant experience in vendor management, resource and location strategy, preferred vendor program
    --- Experience working for BFSI - Banking, Finance and Insurance sector is preferable--
    --- Strong communication and relationship, stakeholder management skills--
    --- Ability to work independently under pressure
    --- Excellent knowledge of MS Office Suite (Excel, PowerPoint), SharePoint is must
    --- Knowledge of Power BI will be an added advantage
    --- Should be flexible to stretch and support the team on adhoc activities as required
    --- Self-motivated learner with an eye to detail
    --Bachelor's degree in a related discipline or equivalent work experience required, advanced degree is beneficial 10-12 years of related experience required, experience in the securities or financial services industry is a plus.--- Graduation in engineering, commerce/finance background is preferrable--
    --- Postgraduate in supply change, procurement or relevant specialization is preferrable
    --
    BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer.
    Minorities/Females/Individuals With Disabilities/Protected Veterans.
    Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.
    
    Primary Location: United States-New Jersey-Jersey City
    Internal Jobcode: 96319
    Job: Information Technology
    Organization: Tech Strategy & Business Mgmt-HR06033
    Requisition Number: 2102752
    

Keywords: THE BANK OF NEW YORK MELLON CORPORATION, Jersey City , Relationship Manager - Strategic Vendor Partnerships, Executive , Jersey City, New Jersey