Senior Outsourcing & Vendor Officer

Our client, an International Bank based in London, currently seeks a Senior Outsourcing & Vendor Officer to join their central operations department.

Contract Type: The bank is open to hiring this role as a Permanent or Daily rate contract.

Working pattern: 4 days office, 1 day WFH.

UK Experience Essential

This role is integral in managing the onboarding and offboarding of vendors and suppliers while ensuring robust and effective vendor relationships.

Key Responsibilities

• The successful candidate will oversee the management of interactions between vendors/suppliers and internal stakeholders, ensuring effective collaboration and compliance with regulatory standards.
• This role will also ensure the smooth operation of outsourced supplier and vendor services, contributing to the overall efficiency of the business.
• Track and manage the renewal and expiration dates of all contractual agreements, ensuring timely renewals and adherence to obligations.
• Support in the drafting, negotiation, and management of contracts, ensuring favorable terms and regulatory compliance.
• Resolve issues in vendor relationships to ensure smooth operations and minimal disruptions.
• Proactively identify and implement measures to enhance vendor performance and avoid potential challenges.

Essential Qualifications & Experience

• Proven experience in managing vendor/supplier relationships, ideally within the financial sector.
• Strong background in contract negotiation, risk management, and performance monitoring.
• Familiarity with regulatory standards governing outsourcing and vendor management.
• Project management experience and an understanding of business continuity planning.