Vendor Management Specialist

At DBS, we are looking for a highly skilled and motivated individual to join our team as a Vendor Management Specialist. As a leading financial institution, we understand the importance of building strong and strategic relationships with our vendors. That's where you come in. In this role, you will be responsible for managing and optimizing our vendor partnerships to ensure the delivery of high-quality services and products. We are seeking someone with a strong background in vendor management, exceptional communication and negotiation skills, and a keen eye for detail. If you are passionate about driving efficiency and value through vendor relationships, we encourage you to apply for this exciting opportunity.

1. Develop and maintain strong relationships with vendors to ensure successful partnerships.
2. Negotiate and manage contracts and agreements with vendors to ensure favorable terms and conditions.
3. Monitor vendor performance and ensure compliance with agreed upon service level agreements.
4. Identify potential risks and issues with vendors and develop proactive strategies to mitigate them.
5. Collaborate with cross-functional teams to identify and implement cost-saving initiatives through vendor management.
6. Conduct regular reviews and assessments of vendor performance and provide recommendations for improvement.
7. Maintain accurate and up-to-date records of vendor contracts, agreements, and performance data.
8. Stay informed about industry trends and best practices in vendor management to continuously improve processes and procedures.
9. Serve as the main point of contact for all vendor-related inquiries and issues.
10. Communicate effectively with both internal and external stakeholders to ensure alignment and understanding of vendor management strategies.
11. Continuously evaluate and streamline vendor management processes to increase efficiency and effectiveness.
12. Prepare and present reports on vendor performance and cost savings to senior management.
13. Proactively identify opportunities to optimize vendor relationships and drive value for the organization.
14. Ensure compliance with all company policies, procedures, and regulatory requirements related to vendor management.
15. Train and mentor team members on vendor management best practices and procedures.

According to JobzMall, the average salary range for a Vendor Management Specialist in Singapore is between SGD $4,000 and $6,000 per month. This can vary depending on factors such as the company, industry, and level of experience of the individual. Some senior positions may offer a salary range of up to $8,000 per month.

DBS, a premier financial group in Asia headquartered in Singapore, operates in 19 markets and excels in regions like Greater China, Southeast Asia, and South Asia. With top credit ratings, it has been named the “World’s Best Bank” by multiple institutions. Emphasizing digital innovation, DBS offers extensive services in consumer, SME, and corporate banking. Through the DBS Foundation, it supports social enterprises and community development, reflecting its commitment to impactful banking.