Job Description

The Cognizant Difference – Helping our Clients Win In Digital At Cognizant Consulting, our consultants orchestrate the capabilities to truly change the game—across strategy, design, technology and industry/functional knowledge. Our strategy is built around elevating business and industry understanding of the aspirations and unique abilities of our clients and by building these relationships based on trust and value. About the Role: Group Information Security (GIS) Vendor Management Office(VMO) reports into the Security Program Management Office(PMO). This function is part of CISO Office. The Vendor Manager under VMO will oversee vendor relationships, manage contracts and your primary responsibilities will be to analyze current vendor performance and determine which ones work in the best interest of GIS. You will work with contract owners within GIS and the Bank’s Strategic Sourcing Team to manage contracts, renew/terminate contracts when necessary, research new vendors and establish relationships to ensure a smooth transition. Role Responsibilities: Because you are the primary contact for our vendors, all applicants must have at least 3 years to 5 years of experience in vendor services based on the following

• Coordinating all vendor management activities and processes
• Acting as an intermediary between vendors and stakeholders
• Conduct vendor service reviews, update vendor rating periodically
  • Communicating vendor responsibilities and obligations
  • Analyze if they meet current needs of Group Information Security
  • Communicating product-related issues and concerns to vendors
  • Establishing vendor performance standards and suggesting improvements
  • Designing business guidelines for vendors
• Ensuring all vendor activities adhere to our company policies
• Research and establish relationships with new vendors when necessary
• Maintain, organize and track all documentation between the company and vendors
• Troubleshooting any vendor issues, resolve vendor disputes or issues quickly and efficiently,
• Conduct RFQ, perform contract review and negotiations with the Bank’s Strategic Sourcing Team and ensuring compliance to procurement policies.
• Conduct risk assessment on contract deviations and suggest risk mitigating actions to manage deviations Updating contract terms of existing vendors
• Familiar with Regulatory outsourcing/non outsourcing guidelines and apply where necessary to ensure compliance to regulatory requirements
  • Conduct 3rd party non-outsourcing or outsourcing risk assessments where necessary
  • Ensure compliance to regulatory requirements for 3rd party non-outsourcing and outsourcing risk assessments
• Developing and implementing vendor selection programs
• Suggesting vendor management processes, policies, and methods
• Management reporting

Skills and Expertise:

• Bachelor’s degree in Business Management, Business Administration, Supply Chain Management, Finance

or equivalent

• Experience in vendor management and contract management in financial institutions
• Knowledgeable in regulatory requirements for 3rd Party outsourcing and non-outsourcing engagements
• Previous work experience as a Vendor Manager with Good command in English
• Excellent time management and organizational skills, multi-tasking
• Strong analytical and negotiation skills
• Good research skills, MS Excel Skills
• Good communication and interpersonal skills
• Having an eye for detail
• Quick decision making and problem-solving skills
• Ability to offer improved customer service

#LI-JM2 Employee Status : Full Time Employee Shift : Day Job Travel : No Job Posting : Aug 05 2022
About Cognizant Cognizant (Nasdaq-100: CTSH) is one of the world's leading professional services companies, transforming clients' business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 185 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant.