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    Vendor Manager-Business Segment - Huntsville, United States - Regions Bank

    Regions Bank
    Regions Bank Huntsville, United States

    3 weeks ago

    Default job background
    Description
    Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job.

    We believe in offering performance-driven individuals a place where they can build a career a place to expect more opportunities.

    If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

    Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit.

    The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law.

    Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years.

    You may review, modify, or update your information by visiting and logging into the careers section of the system.

    Job Description:


    At Regions, the Vendor Manager - Business Segment role supports and administers vendor management for a designated area or division.

    Ensures enterprise-wide needs for due diligence, risk assessment and continuing vendor monitoring are being accomplished and works to assess, address and monitor business impacts of outsourced service relationships.

    Primary Responsibilities
    Acts a liaison for area/division in partnership with Corporate Procurement to manage vendor relationships associated with outsourced services
    Identifies, reports, and tracks vendor third party risk issues and implements remediation plans
    Ensures compliance with expectations for due diligence, risk assessment and continuing vendor monitoring are accomplished
    Overseesdetailed reporting, documentation requirements and processes to ensure accuracy and completeness of vendor-submitted surveys, documents and deliverables
    Facilitates contracts renewals in partnership with BusinessSegment Managers to ensure that contractualservice level agreementsare in alignment with the needs of the business
    Oversees requests for new vendor relationships and the submittal of Third Party Questionnaires (TPQ), in order to effectively assess and address operational, reputational, customer and shareholder impact, information security and privacy risks, process/policies and procedures impact, staff impact, regulatory impact, and potential for financial loss
    Managesthird-party contract review and execution for business line, in partnership with Corporate Procurement
    Facilitates the resolution of escalated vendor-related issues
    Reviews exit plans and Service Organization Controls (SOC) reports as part of the TPQ process
    Attends Working Group meetings for complex, critical or high-risk vendor relationships
    May manage a team or group depending on area/division
    Participates in and/or leads, as appropriate, the procurement process with vendors
    Manages the governance, procurement and contract-related aspects of thebusiness segmentvendors in order to support corporate procurement and vendor management objectives
    Communicates, educates andimplements a common and consistent approach to vendor management within the business segment
    Makes recommendations as appropriate to correct deviations from established standards and objectives
    Completes critical vendor managements tasks
    May lead the procurement process with vendors

    This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

    Requirements
    Bachelor's degree andfive (5)years vendor management experience
    Or High School Diploma andnine (9)years vendor management experience
    Skills and Competencies
    Ability to manage multiple tasks and projects in a timely manner
    Excellent communication, negotiation, and influencing skills
    Exceptional organizational, analytical and follow-through skills
    Project management skills
    Proven ability to build relationships
    Strong knowledge of banking and regulations impacting business unit relationships
    Position Type
    Full time

    Compensation Details
    Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions.

    Other factors which directly impact pay for individual associates include:
    experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

    The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.


    Job Range Target:

    Minimum:
    $79,708.80 USD


    Median:
    $103,460.00 USD


    Incentive Pay Plans:
    This job is not incentive eligible.

    Benefits Information
    Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for

    benefits-eligible associates.


    Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

    Paid Vacation/Sick Time
    401K with Company Match
    Medical, Dental and Vision Benefits
    Disability Benefits
    Health Savings Account
    Flexible Spending Account
    Life Insurance
    Parental Leave
    Employee Assistance Program
    Associate Volunteer Program

    Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.

    To learn more about Regions' benefits, please click or copy the link below to your browser.

    Location Details

    Riverchase Operations Center


    Location:
    Hoover, Alabama Bring Your Whole Self to Work

    We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer.

    More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.


    OFCCP Disclosure:
    Equal Opportunity

    Employer/Disabled/Veterans

    Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting.

    Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.

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