Posted in

CIB Vendor Relationship Manager

CIB Vendor Relationship Manager

CompanyWells Fargo
LocationCharlotte, NC, USA, New York, NY, USA
Salary$120400 – $287600
TypeFull-Time
Degrees
Experience LevelSenior, Expert or higher

Requirements

  • 6+ years of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • 3+ years Management or leadership experience

Responsibilities

  • Assess the existing vendor relationship management landscape across CIB and partner with Enterprise Supply Chain to design & implement a new operating model for CIB on vendor strategy
  • Own and manage the end-to-end vendor lifecycle, including planning, onboarding, support contract negotiation, performance monitoring, and offboarding for CIB
  • Engage directly with vendors as a primary representative advocating for CIB business needs
  • Act as the primary contact for CIB vendor related topics to the business, Enterprise supply chain, Third-party risk, Finance, and other key stakeholders
  • Develop a detailed understanding of business-specific vendor needs and integrate them into strategic planning
  • Engage with demand planning to align vendor services with CIB business requirements
  • Set and achieve CIB vendor spend cost reduction targets while ensuring quality of service
  • Partner with supply chain to negotiate contracts, ensuring CIB obtains fair pricing and strategic value
  • Provide CIB-specific feedback and needs to be incorporated into enterprise transformation plans
  • Participate in CIB vendor renewal, approval, and review processes in collaboration with the CFO and other stakeholders

Preferred Qualifications

  • 6+ years of Corporate & Investment Banking experience
  • Strong understanding and proven leadership of the Corporate & Investment Banking business, including vendor requirements and strategic planning
  • Extensive experience in vendor management, procurement, or supply chain within a financial services environment supporting the CIB business
  • Proven track record of driving cost savings, optimizing vendor relationships, and ensuring compliance
  • Strong leadership, transformation, stakeholder management, and strategic planning skills
  • Familiarity with third-party risk management, regulatory compliance, and financial controls
  • Ability to create relationships while navigating the regulatory, compliance and legal intricacies of working at a highly regulated business with multiple legal entities
  • Strong communication skills and experience presenting to senior leaders
  • A self-starter, with the ability to prioritize work and multi-task, meet deadlines, achieve goals and lead under tight deadlines in a dynamic and fast-paced environment
  • Strong listening and communications skills with the ability to convey complex information and ideas simply and clearly
  • Strong experience navigating a complex and large global banking organization
  • Demonstrated experience around inclusivity in leading and the ability to bring along all key stakeholders into the strategy to ensure the business is operating within our risk framework
  • Inquisitive and proactive mindset with the ability to think creatively to solve problems and anticipate potential questions and issues