Job Title: iVMO Vendor Management Lead  

Division: Group COOLocation: Bucharest / Romania

Overview:

The Infrastructure Vendor Management Office (iVMO) manages all contract and vendor legal governance across all Infrastructure divisions (except TDI) in compliance with DB and regulatory requirements and in close co-operation with the Service Owners in the respective Infrastructure Product areas/ countries, the DB Control Functions as well as Global Procurement.

Thereby, the iVMO contributes to the required group wide transparency on DB’s key vendors to drive informed management decisions. Within the iVMO the Vendor Management team is responsible for governing vendor service relationships and activities on a transactional level.

The iVMO is responsible for all Globally Material Vendors, Vendors with “Very High” Inherent Risk and Top 100 spent vendors, with responsibility for the holistic vendor management, on vendor level, along the end-to-end (e2e) process.

The iVMO is embedded in the Group COO function of the Bank which is responsible for pro-active risk management for all Infra related services/vendors relating to e.g., data privacy, regulatory compliance, third party management and information security, etc.

What we’ll offer you:

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

Your key responsibilities:

• Manage a team of Vendor Management Specialists/ Analysis
• Oversee vendor selection and onboarding process, ensuring compliance with internal policies and procedure, regulatory requirements and risk frameworks
• Manage and own vendor service relationship on a transactional level with focus on a particular Infrastructure product/ services 
• Responsible for ensuring an increased value from our top vendors by managing service delivery performance, controlling cost and ensuring strong risk management across part of the portfolio
• Ensure contracts contain the correct level of Governance, Controls, service and reporting principles and manage Vendor Risk within the Bank and Infrastructure risk appetites
• Monitor the service relationship via Governance, KPI reporting and tracking
• Ability to monitor, manage, develop and drive supplier performance and optimize relationships
• Produce standardised vendor management reporting
• Build and maintain strong, long-term relationships with internal e.g., Control Functions, Global Procurement, Service Owners and external stakeholders e.g. vendors to foster a strategic partnership
• Acting as the primary point of contact for Vendor related audit point or findings
• Focus on expediting audit points and findings to successful outcomes and closure
• Act as escalation point for commercial, financial and relationship issues

Your skills and experience:

• Experience of managing teams
• Minimum 5+ years of experience in vendor management, procurement or similar role
• Self-organized, analytical thinking, pro-active, structured, and reliable working style
• Excellent communication and presentation skills coupled with negotiation and conflict management skills
• High motivation, and ability to work in a fast-paced and global business environment
• Strong and practical knowledge and experience of Service Delivery Management (SDM) & Supplier Performance Management.
• Experience of contract management & governance
• Experience in change execution and working with third parties and cross-functional teams
• Ability to diagnose improvement areas across processes, tools and systems
• Understanding of NFRM, Global Procurement SDM and Third Party Management (TPM)
• Have a strong appreciation of risks, regulatory requirements and controls generically and in particular in the vendor outsourcing and service delivery environment
• Strong English and communication skills, both oral and written
• German language skills (oral and written) is a plus

How we’ll support you:

• Training and development to help you excel in your career

• Flexible working to assist you balance your personal priorities

• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.