Enterprise Critical Vendor Manager

At Northern Trust, we pride ourselves on providing exceptional financial services to our clients. We are currently seeking a highly skilled and motivated Enterprise Critical Vendor Manager to join our team. This role is vital to the success of our organization as it involves managing our relationships with critical vendors and ensuring their compliance with our standards and regulations. As the Enterprise Critical Vendor Manager, you will play a crucial role in maintaining our high standards of service and mitigating risk for our clients. If you are a detail-oriented and strategic thinker with a strong background in vendor management, we encourage you to apply for this exciting opportunity.

1. Manage relationships with critical vendors: Develop and maintain strong working relationships with key vendors to ensure effective communication and collaboration.
2. Ensure compliance with standards and regulations: Monitor vendors' adherence to Northern Trust's standards and regulatory requirements, and take necessary actions to address any non-compliance issues.
3. Identify and mitigate risks: Perform risk assessments and develop risk mitigation strategies for critical vendors, in alignment with Northern Trust's risk management framework.
4. Negotiate and review contracts: Collaborate with legal and procurement teams to negotiate and review contracts with critical vendors, ensuring favorable terms and conditions for Northern Trust.
5. Monitor vendor performance: Track and report on vendor performance against SLAs and KPIs, and work with vendors to identify areas for improvement.
6. Conduct vendor due diligence: Conduct due diligence on potential vendors to assess their capabilities, financial stability, and alignment with Northern Trust's values and goals.
7. Develop and maintain vendor management policies and procedures: Continuously review and enhance Northern Trust's vendor management policies and procedures to ensure they are in line with industry best practices and regulatory requirements.
8. Collaborate with internal stakeholders: Work closely with various departments within Northern Trust to understand their vendor management needs and objectives, and provide guidance and support as needed.
9. Stay current on industry trends: Keep up-to-date with industry trends and developments in vendor management, and apply this knowledge to enhance Northern Trust's vendor management program.
10. Drive continuous improvement: Identify opportunities to streamline and improve processes related to vendor management, and implement changes to increase efficiency and effectiveness.

According to JobzMall, the average salary range for a Enterprise Critical Vendor Manager in London, UK is £75,000 - £90,000 per year. However, this can vary depending on the specific company, industry, and level of experience.

Northern Trust Corporation is a financial services company that caters to corporations, institutional investors, and ultra high net worth individuals. It is one of the largest banks in the United States and one of the oldest banks in continuous operation.