Vendor Management Specialist

This role will support the Firm's vendor management process by ensuring compliance with policies, facilitating onboarding and offboarding, and maintaining vendor database. The ideal candidate will bring a strong foundational understanding of vendor management and procurement to work independently and provide insights, while collaborating with the manager and internal stakeholders.Key ResponsibilitiesServe as a single point of contact for all vendor-related queries, helping internal teams navigate the vendor management process.Assist in developing, implementing, and maintaining vendor management policies, procedures, and standards.Facilitate vendor onboarding process, ensuring proper approvals, documentation, and reviews.Ensure vendor compliance with internal policies and relevant regulations, conducting regular audits and maintaining accurate records.Collect, analyze, and interpret vendor data to identify trends, areas for improvement, and cost-saving opportunities.Assist in the selection and/or implementation of a global vendor management system.Maintain and update vendor databases and reporting tools to ensure data accuracy and accessibility.Collaborate with internal stakeholders, to support vendor relationships and risk assessments, including; the senior team member overseeing vendor management, IT Security TPRM onboarding and Legal on contractual matters.Conduct regular vendor risk assessments and provide feedback for mitigation strategies.Assist in identifying process improvements and contribute to the development of best practices in vendor management.Responsible for developing additional vendor-related processes and procedures including but not limited to offboarding, continuity plan and implementation checklist for post-onboarding QualificationsBachelor's degree in business, procurement, finance, or a related field.5+ years of experience in vendor management, procurement, or related roles.Strong understanding of vendor management principles, compliance requirements, and risk management practices.Self-starter with strong problem-solving skills and the ability to manage multiple tasks in a fast-paced environment.Proficient in data analysis and reporting, with experience in using vendor management systems or similar tools.Excellent communication and collaboration skills, with the ability to work effectively with cross-functional teams and senior leadership.Highly organized, with attention to detail and a focus on delivering results.Compensation: $120-135K base plus discretionary bonusThis role is onsite in Manhattan 4 days/week (Fridays remote).

Created: 2025-01-26