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.
