Vendor Manager - Business Segment

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At Regions, the Vendor Manager - Business Segment role supports and administers vendor management for a designated area or division. Ensures enterprise-wide needs for due diligence, risk assessment and continuing vendor monitoring are being accomplished and works to assess, address and monitor business impacts of outsourced service relationships.

Acts a liaison for area/division in partnership with Corporate Procurement to manage vendor relationships associated with outsourced services Identifies, reports, and tracks vendor third party risk issues and implements remediation plans Ensures compliance with expectations for due diligence, risk assessment and continuing vendor monitoring are accomplished Oversees detailed reporting, documentation requirements and processes to ensure accuracy and completeness of vendor-submitted surveys, documents and deliverables Facilitates contracts renewals in partnership with Business Segment Managers to ensure that contractual service level agreements are in alignment with the needs of the business Oversees requests for new vendor relationships and the submittal of Third Party Questionnaires (TPQ), in order to effectively assess and address operational, reputational, customer and shareholder impact, information security and privacy risks, process/policies and procedures impact, staff impact, regulatory impact, and potential for financial loss Manages third-party contract review and execution for business line, in partnership with Corporate Procurement Facilitates the resolution of escalated vendor-related issues Reviews exit plans and Service Organization Controls (SOC) reports as part of the TPQ process Attends Working Group meetings for complex, critical or high-risk vendor relationships May manage a team or group depending on area/division Participates in and/or leads, as appropriate, the procurement process with vendors Manages the governance, procurement and contract-related aspects of the business segment vendors in order to support corporate procurement and vendor management objectives Communicates, educates and implements a common and consistent approach to vendor management within the business segment Makes recommendations as appropriate to correct deviations from established standards and objectives Completes critical vendor managements tasks May lead the procurement process with vendors This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Bachelor's degree and five (5) years vendor management experience Or High School Diploma and nine (9) years vendor management experience Skills and Competencies Ability to manage multiple tasks and projects in a timely manner Excellent communication, negotiation, and influencing skills Exceptional organizational, analytical and