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Vendor Management Specialist

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Deutsche Bank

Yesterday

  • Job
    Full-time
    Senior Level
  • Business, Operations & Strategy
    Banking & Finance
  • Bangalore

AI generated summary

  • You must have vendor management experience, strong contract knowledge, project management skills, and proficiency in Tableau, Business Intelligence, and data analytics. Banking sector experience is essential.
  • You will manage vendor relationships, oversee a team, support daily tasks, monitor performance, ensure compliance, and address audit findings effectively. Collaborate closely with relevant stakeholders.

Requirements

  • Manage the Vendor service relationship on transactional and Vendor level.
  • Strong hold and understand of Contractual legalities and clause interpretation, also an edge with exposure to global market and law of land.
  • Ensures service relationship data and information is up-to-date and performing Vendor Risk Monitoring responsibilities promptly.
  • Monitoring the service relationship via Governance, KPI reporting and tracking.
  • Close collaboration with Vendor Manager, Procurement and Service Owners.
  • Ability to monitor, manage, develop and drive supplier performance and optimize relationships.
  • Acting as the primary point of contact for Vendor related audit point or findings.
  • Focus on expediting audit points and findings to successful outcomes and closure.
  • Ensure vendor adheres to bank wide regulatory and compliance requirements and risk frameworks.
  • Should have a background in Project management and analysis. Also should be an excellent communicator and comfortable managing multiple tasks.
  • Coordinate with internal stakeholders and resources as well as partnering teams for the flawless execution of projects.
  • Knowledge and a understanding of Business Intelligence, and data analytics , database querying tools.
  • Experience in developing and managing dashboards and reports in Tableau.
  • Experience in Working with teams in different locations across Globe.
  • Proven working experience in Banking sector.

Responsibilities

  • Manage the Vendor service relationship on a transactional level.
  • Managing a team of Vendor management analysts.
  • Supports the daily workload, activities and tasks of the vendor management functions.
  • Ensures service relationship data and information is up-to-date and performing Vendor Risk Monitoring responsibilities promptly.
  • Monitoring the service relationship via Governance, KPI reporting and tracking.
  • Close collaboration with Vendor Manager, Procurement and Service Owners.
  • Ability to monitor, manage, develop and drive supplier performance and optimize relationships.
  • Acting as the primary point of contact for Vendor related audit point or findings.
  • Focus on expediting audit points and findings to successful outcomes and closure.
  • Ensure vendor adheres to bank wide regulatory and compliance requirements and risk frameworks.

FAQs

What is the job title for this position?

The job title is Vendor Management Specialist.

Where is this position located?

The position is located in Bangalore, India.

What is the corporate title associated with this role?

The corporate title is AVP (Assistant Vice President).

What are the key responsibilities of the Vendor Management Specialist?

Key responsibilities include managing vendor service relationships, supporting vendor management functions, monitoring service relationships via governance and KPI reporting, collaborating with vendors, and ensuring compliance with regulatory requirements.

Is there any opportunity for professional development?

Yes, there are opportunities for training and development, including sponsorship for industry-relevant certifications and education.

What benefits are offered to employees?

Benefits include a best-in-class leave policy, gender-neutral parental leaves, childcare assistance reimbursement, comprehensive hospitalization insurance, and an Employee Assistance Program, among others.

What skills and experience are required for this role?

Required skills include strong understanding of contractual legalities, project management, communication skills, experience with Business Intelligence and data analytics, and experience in the banking sector.

How important is vendor relationship management in this role?

Vendor relationship management is crucial, as the specialist is responsible for governing vendor service relationships on a transactional level and ensuring alignment with business strategy.

Is experience with Tableau necessary for this position?

Yes, experience in developing and managing dashboards and reports in Tableau is required.

Will I be working with teams from different locations?

Yes, the role involves working with teams in different locations across the globe.

What kind of work culture does Deutsche Bank promote?

Deutsche Bank promotes a positive, fair, and inclusive work environment, encouraging collaboration, responsibility, and initiative among its employees.

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

At Deutsche Bank, we give original thinkers the space and support they need to shine. Merging local knowledge with global vision, in-depth insight with industry-leading digital expertise, if you’re an innovator by nature, we can help you to unleash your potential. We see things differently at Deutsche Bank – and we’re proud of our fresh perspective. Today, we’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritising long-term success over short term gains, and serving society with ambition and integrity. Wherever your interests lie – in investment banking, trading, private wealth, asset management, retail banking - or many of the infrastructure functions that support them – you’ll discover resources, training and opportunities designed to keep you ahead of the curve. Intelligence has no boundaries: we welcome high-achieving, talented individuals from any background.

Benefits

  • Home office flexible work time

    We support flexible working, whether that’s working from home, flexible working hours or even part-time working. However, it is important to note that opportunities will vary depending on your particular role.

  • Annual leave & more

    Employees are entitled to generous leave allowance (details should be discussed with local recruitment teams). Additionally, paid leave is granted for special events including, wedding/civil partnerships, compassionate leave, paternity leave or when you’re caring for a sick child. On top of the statutory 36 months of parental leave (Germany), Deutsche Bank offers an extra six months of parental leave – providing you have been with us for more than three years.

  • Support & Counselling

    Whether you need professional help or personal advice: Deutsche Bank offers a comprehensive support network ranging from career advice, mental health support, assistance in finding childcare or social care for the elderly.

  • Health insurance

    You can choose between statutory or a range of private health insurance options. Our statutory health insurance ‘Betriebskrankenkasse BKK’ is available exclusively to Deutsche Bank employees and their families. Aside from shorter waiting times for appointments, BKK provides access to expert medical consultations over the phone and regular health checks.

  • Sick pay

    Beyond statutory sick pay, Deutsche Bank will also cover the difference between your net salary and the statutory sickness benefit allowance. The duration of the sick pay will be dependent on the number of years you’ve worked with us.

  • Pension

    We understand that pensions can be a dry topic; however here at Deutsche Bank, we are dedicated to simplifying the complexities, so that all of our people can enjoy their lives beyond work. To provide a great foundation for your future, we provide our people with a comprehensive pension scheme that delivers all the security and all the flexibility you need.