Senior Manager, Vendor Management

Job title:

Senior Manager, Vendor Management

Company

Fairstone

Job description

At Fairstone, our culture is built on strong values and leadership principles that define the expectations we have for working together and with our customers. We help Canadians find the right solution to meet their needs with a variety of products and services. Our values and principles guide the actions we take to ensure our customers get the best experience possible.Be part of our talented and growing team! We are currently looking for a Senior Manager, Vendor Management, to join the team, reporting to the Director, Vendor Governance.You will be responsible for the execution of key programs such as vendor onboarding and vendor performance) and ensure they meet OSFI requirements. You will also be responsible for maintaining key supplier relationships and overseeing vendor compliance with bank policies and regulators guidelines.“Be a part of our inclusive workplace where diverse perspectives drive innovation and excellence.”WHY JOIN US?BECAUSE WE ARE PROUD TO BE One of Montreal’s Top Employers for 2024 for the fourth consecutive year by the editors of Canada’s Top 100 Employers.WE OFFER:

• Work-Life Balance: Our 37.5-hour workweek and hybrid model (3 days in-office) promote a healthy balance.
• Wellness: Tailored well-being solutions available 24/7.
• Time Off: Minimum 15 paid vacations, 6 wellness days, with federal holidays.
• Community Support: Paid Volunteer Day to give back to your community.
• Retirement Planning: Employee and employer contribution pension plan, plus the Fairstone Retirement Savings Plan
• Education: Tuition reimbursement program covering expenses up to $3,000 per year.
• Development: Access to Fairstone Academy for comprehensive training and skill development.
• Employee discounts: Exclusive access to discounted products and services, including car insurance, hotels, attractions, movies, gym memberships, and more.

WHAT WILL YOU WORK ON?

• Ensure the success and oversee the effectiveness of the Enterprise Vendor Management Program across the Bank by implementing common standards and practices
• Manage relationships and governance for an extensive list of vendors
• Design and implement supplier performance scorecards for vendor assessment in contract management, financial management, performance management, risk management and relationship management areas
• Lead cross functional teams by effectively manage relationships with 1st and 2nd line business partners involved in management and oversight of service providers
• Support development and implementation of relevant policies, standards, directives, frameworks, and requirements relating to management of third parties
• Create, maintain, and meet deadlines for vendor management reporting
• Conduct contract reviews and due diligence activities to ensure contracts and renewals incorporate business and regulatory requirements
• Oversees the on-boarding process and materiality assessment, ensuring all vendor governance program elements are met
• Ensure that third-party risks are appropriately identified, assessed, managed, monitored and reported
• Implement supplier rationalization as a program across the bank with the objective to reduce supply base
• Develop detailed expense models, budget forecasting and analysis
• Create and deliver training of all associates on the Bank’s Vendor Management program

WHO ARE WE LOOKING FOR

• Bachelor degree in Business or Engineering or equivalent
• 10 years of relevant experience (banking industry experience)
• In depth knowledge of financial services operating model and Third-Party Management lifecycle
• Vendor Governance experience in banking industry and OSFI guidelines
• Lean Six Sigma certification, an asset
• Project management skills and experience leading small projects.

We are honored to be recognized for offering a best-in-class workplace, incentives, and initiatives to our dedicated employees who have helped build Fairstone into an employer of choice.This role is now vacant# CORPONWE ARE PROUD TO BE: Montreal’s Top Employers 2024 by Canada’s Top 100 Employers!Learn more:Follow us on LinkedIn:If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.Time Type: Full timeJob Type: Permanent

Expected salary

Location

Toronto, ON

Job date

Thu, 27 Feb 2025 06:27:05 GMT

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