Vendor Management Specialist
Morris Bank
- Statesboro, GA
- Permanent
- Full-time
- Identify, evaluate, and onboard new vendors, conducting due diligence assessments to assess their capabilities, financial stability, and compliance with applicable laws and regulations.
- Establish and maintain strong relationships with vendors, serving as the primary point of contact for vendor-related inquiries and issue resolution.
- Monitor vendor performance, conducting regular reviews and audits to ensure quality and compliance. Assist with implementing risk mitigation strategies as necessary.
- Collaborate with internal stakeholders, including risk management, legal, compliance, and business units, to assess and mitigate vendor-related risks.
- Manage vendor contract tickers systems, ensuring system is updated for terminations or renewals.
- Stay informed about industry best practices, regulatory developments, and emerging risks related to vendor management, and make recommendations for continuous improvement.
- Prepare and present reports and updates to senior management and relevant committees on vendor performance, risk exposure, and compliance status.
- Provide guidance and training to internal staff on vendor management policies, procedures, and best practices.
- Minimum of Two (2) years of specialized training/work experience
- Knowledge of vendor management and processes a plus
- Must be thorough, precise, and detail-oriented
- Ability to work with all levels of management under pressure and strict deadlines
- Must be able to communicate tactfully and professionally
- Strong writing skills and ability to minimize grammatical error
- Ability to interact and communicate professionally with customers and fellow employees
- Proficient in basic computer programs (Microsoft Word, Excel, etc.)
- Analytical Skills- The ability to observe, evaluate, summarize, and apply meaningful data in the problem-solving process. The level of logical reasoning necessary to connect required actions to desired outcomes. The ability to forecast events based upon current situations. Demonstrated skill in generating alternative solutions to problems.
- Organizational Skills- Demonstrates the ability to have multiple projects and assignments are completed according to established timeframes. Information is maintained and it easily accessible. Materials and work areas are very orderly and easy to find and share.
- Dependability- Always completes assignments timely and thoroughly. Frequently works beyond expectations demonstrating exceptional initiative.
- Communication- Demonstrates active listening and interpersonal skills. Be able to effectively communicate on written documents are clear, concise, and well-constructed.
- Requires incumbent to remain sedentary within office
- Requires some travel for training/seminars