Director, Vendor Management Job Listing at Valley Bank in Morristown, NJ (Job ID 24-638)

Description

Responsibilities include but are not limited to:

• Develop and drive the framework for Vendor Management governance.
• Provide leadership to influence and strategically lead the Vendor Management process and oversee the department activities and socialization within the organization.
• Develop, coach, mentor and manage a team. Motivate staff, review and assess performance, develop and build employee skills, support their professional development and enable employees to optimize their contribution to the department.
• Balance and lead the pipeline of projects with stakeholders and key business executives.
• Ensure that processes are operational and functioning as needed.
• Direct the onboarding process for new vendors and the associated risk- based monitoring, reporting of vendor metrics and ensuring adherence to internal policy and external regulatory requirements.
• Interface with internal and external auditors as well as regulatory bodies (OCC).
• Drive remediation activities and document action plans.
• Keep abreast of data analytics, regulatory changes and industry trends to identify business and risk improvement opportunities and to remain compliant.
• Review legal contracts for terms and conditions to ensure corporate interests are represented.
• Ensure Vendor performance meets contractual and project requirements.
• Support change management in executing best practices.