Vendor Manager Business Segment at Regions Bank

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 ResponsibilitiesActs a liaison for area/division in partnership with Corporate Procurement to manage vendor relationships associated with outsourced servicesIdentifies reports and tracks vendor third party risk issues and implements remediation plansEnsures compliance with expectations for due diligence risk assessment and continuing vendor monitoring are accomplishedOverseesdetailed reporting documentation requirements and processes to ensure accuracy and completeness of vendor-submitted surveys documents and deliverablesFacilitates contracts renewals in partnership with BusinessSegment Managers to ensure that contractualservice level agreementsare in alignment with the needs of the businessOversees 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 lossManagesthird-party contract review and execution for business line in partnership with Corporate ProcurementFacilitates the resolution of escalated vendor-related issuesReviews exit plans and Service Organization Controls (SOC) reports as part of the TPQ processAttends Working Group meetings for complex critical or high-risk vendor relationshipsMay manage a team or group depending on area/divisionParticipates in and/or leads as appropriate the procurement process with vendorsManages the governance procurement and contract-related aspects of thebusiness segmentvendors in order to support corporate procurement and vendor management objectivesCommunicates educates andimplements a common and consistent approach to vendor management within the business segmentMakes recommendations as appropriate to correct deviations from established standards and objectivesCompletes critical vendor managements tasksMay lead the procurement process with vendorsThis position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. RequirementsBachelors degree andfive (5)years vendor management experienceOr High School Diploma andnine (9)years vendor management experienceSkills and CompetenciesAbility to manage multiple tasks and projects in a timely mannerExcellent communication negotiation and influencing skillsExceptional organizational analytical and follow-through skillsProject management skillsProven ability to build relationshipsStrong knowledge of banking and regulations impacting business unit relationshipsThis position will also work with the business units leadership and Regions Finance to help ensure strategic alignment and accurate management of the MarComm budgets.This position may be filled at a higher level depending on the candidates qualifications and relevant experience.Position TypeFull timeCompensation DetailsPay 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:$81644.20 USDMedian:$103260.00 USDIncentive Pay Plans:This job is not incentive eligible.Benefits InformationRegions 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 Time401K with Company MatchMedical Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer ProgramPlease 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. DetailsRegions CenterLocation:Birmingham AlabamaEqual Opportunity Employer/including Disabled/VeteransJob 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.Required Experience:Manager Key Skills Presentation Skills,Purchasing,Procurement,Vendor Management,Process Improvement,Pricing,Project Management,Relationship Management,Contract Management,Contract Negotiation,negotiation,Contracts Employment Type : Full-Time Experience: years Vacancy: 1