Job Description

(total positions: 1, posted on: September 9, 2024)

To oversee and manage strategic governance for sourcing, including insourcing and outsourcing activities, encompassing cloud outsourcing and vendor enlistment. This involves conducting due diligence to mitigate third-party sourcing risks, ensuring adherence to bank policies, regulatory guidelines, and cost-effective, ethical practices.

Key responsibilities encompass formulating strategies, negotiating third-party agreements, and facilitating communication between UD, third-party service providers, and legal.

• Manage bank-wide insourcing and outsourcing activities, including cloud outsourcing.
• Periodically update and maintain data.
• Ensure timely compliance with regulatory requirements and reporting.
• Supervise vendor due diligence and enlistment across the bank.
• Introduce potential vendors with key information.
• Implement cost-effective controls, bank policies, and regulatory guidelines.
• Foster positive relationships with internal and external customers.
• Maintain and present MIS of vendor-related information to department heads.
• Implement vendor management strategy in collaboration with UD, legal, and user departments.
• Liaise with units for third-party supplier due diligence.
• Develop relationships with vendors, business and IT executives, and industry peers.
• Establish an approved enterprise-wide vendor database and tracking system.
• Collaborate with vendors on scorecards and strategic reviews.
• Hold vendors accountable to established performance metrics.
• Create improvement plans, resolve disputes, and ensure ongoing due diligence.
• Promote a culture of risk and compliance management.
• Assist legal in various agreements and terms.
• Collaborate with shared services groups for contract development.
• Act as a point of contact for contractual matters between suppliers and legal.
• Provide guidance on contract matters and train project managers and staff.
• Develop and implement contract management procedures.
• Ensure visibility and awareness of signed contracts among relevant parties.
• Handle ongoing issues and change management.
• Develop, maintain, and enforce service level agreements.
• Follow a defined sourcing methodology for accountability and control.
• Maintain strong relationships with internal and external customers.
• Liaise with the legal department for agreement vetting.
• Ensure timely renewal of all agreements and escalate delays as needed.
• Ensure regular liaison between Sourcing and Compliance
• Ensure periodic liaison with Risk team for KRIs and RCSA activities.
• Coordination with IAD for various timely closures and reviews.

Required Skills