Vendor Management Specialist managing the lifecycle of third-party vendors for cybersecurity and risk at Vanguard. Collaborating across teams to ensure effective vendor partnerships and compliance with requirements.
Responsibilities
Manage vendors through the full third-party lifecycle, including negotiations, onboarding, contracting, financial planning, and terminations
Collaborate closely with GR&S Product Owners to purchase and renew risk and security services
Analyze data to perform comparative evaluations of vendors
Oversee and supervise the ongoing financial, operational, performance, and risk health of a subset of risk and security vendors
Contribute to the development of RFPs for specific services or products and invite vendors to respond with proposals
Participate in special projects and perform other duties as assigned
Requirements
Five years of related work experience
Undergraduate degree or equivalent combination of training and experience
Demonstrated experience in contract lifecycle management, financial planning, budgeting, and cost optimization related to vendor engagements
Proven ability to collaborate cross-functionally with Legal, Finance, Procurement, Risk, Cybersecurity, and Technology teams
Strong working knowledge of negotiating, managing, and renewing contracts with cybersecurity, risk, and information technology vendors
Familiarity with regulatory and compliance considerations impacting third-party relationships
Understanding of vendor risk domains, including operational, financial, information security, and compliance risk
Excellent negotiation, communication, and stakeholder management skills
Strong analytical skills with the ability to assess vendor performance, financial impacts, and risk exposure
Highly organized with the ability to manage multiple vendors, contracts, and priorities simultaneously
Strong understanding of industry-leading third-party risk management frameworks
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