Deputy Manager - Vendor Manager

Description:

Job Title: Vendor Manager (Deputy Manager Grade) for Bank of Baroda

Position Level: Deputy Manager

Number of Positions: 1

Age Limit: Minimum 25 years Maximum 38 years

Educational Qualifications:

- Minimum: Graduation in any discipline from a University/Institution recognized by the Government of India, Government bodies, or AICTE

- Preferred: Post Graduate Diploma or MBA in any discipline

Experience Requirements:

- Total Experience: Minimum 5 years of cumulative experience in one or more of the following sectors:

- Banking

- NBFC (Non-Banking Financial Companies)

- Financial Services

- Financial Institutions

- Insurance Industry

- Financial Intermediaries

- Financial Allied Industries

- Specific Experience: At least 2 years of experience in vendor management processes in any of the above-mentioned industries

Job Role & Responsibilities:

- Manage end-to-end vendor lifecycle including onboarding, due diligence, evaluation, performance monitoring, and contract renewal/termination

- Ensure compliance with regulatory guidelines, internal procurement policies, and risk management frameworks

- Coordinate with internal stakeholders (Operations, IT, Legal, Compliance, Finance, etc.) for vendor selection, performance review, and issue resolution

- Maintain and update vendor databases, contract repositories, SLAs, and documentation

- Monitor vendor performance against agreed SLAs, KPIs, and risk parameters, ensuring timely escalation of deviations

- Conduct periodic vendor audits and risk assessments in coordination with relevant teams

- Support negotiation of contracts, pricing, and service terms to optimize cost and service quality

- Prepare and present vendor performance reports, dashboards, and MIS for senior management

- Assist in developing vendor management frameworks, policies, and best practices

- Drive process improvements to enhance vendor efficiency, compliance, and cost-effectiveness

Skills & Competencies:

- Strong understanding of vendor management processes, procurement norms, and regulatory requirements

- Excellent negotiation, communication, and stakeholder management skills

- Analytical mindset with ability to assess vendor risks, performance data, and compliance issues

- Proficiency in maintaining contracts, documentation, and vendor-related reporting

- Strong organizational and multitasking abilities with attention to detail