Strategic Vendor Manager

Strategic Vendor Manager / IT – London – £65-75k base plus 15% bonus

Fantastic opportunity to join a global business who equip their clients with a dynamic combination of data, insights, technology, and news.

The Strategic Vendor Manager’s responsibility is to:

  • Ensure that the vendor delivers value for money whilst minimizing risk for the services and products allocated to the Global Capability & Operational Leads within Technology Operations
  • Ensure that the full contract life cycle, from Tendering through Delivery / Acceptance to Termination, is fully managed.
  • Establish effective financial management that will;
    • Ensure payments to Vendors are correct and timely
    • Usage trends that impact costs are understood
    • Cost efficiencies are realised
    • Effective forecasting is implemented


  • Gather requirements and facilitate documentation of current state, facilitate exploration of alternatives to current products/Vendors
  • Provide input to Business case, in the negotiated terms such as Service Levels, Governance, Credits, Billing, Reporting


Contract Management

  • Be the point of escalation within Technology Operations for contractual and / or commercial disputes / Service & Support issues (this excludes day to day incident resolution / management)
    • Pro-actively manage contract terminations, closure, transfer and renewals. Vendor manager should demand challenge and perform due diligence prior to closures, renewal and termination of contracts, this activity should be performed in consultation with any appropriate stakeholders

Control and Governance

  • Develop an account plan for each vendor which will drive interaction and effective demand management.
    • Socialize Vendor Management’s programs and processes to Sourcing, Stakeholders, and Finance,
    • Create focused vendor relationship strategies for critical vendors and encourage diversity within our vendor base
    • Ensure that vendor performance is monitored, reported, tracked & reviewing performance using metrics to measure success according to the contract guidelines and account plans
    • Designing and implementing continuous process and quality improvements (driving efficiency and effectiveness) within the vendor management program in conjunction with Global Capability Owner, Finance, and Sourcing teams

Policy and Process

  • Ensure adherence to contracting processes and Sourcing / Supplier management operating model
    • Where appropriate ensure vendors & their teams are compliant with SOX, Logical Systems Access processes, Service Management (Change, Incident, Problem management ) processes
    • Effective communication of a vendor management vision, strategy and business plan to all stakeholders (internal ) and vendors (external)

Financial Control

  • Budget ownership, approve and manage spend for Technology Vendors as part of the larger team
    • Ensure processes are in place for the review and analysis of invoices which in turn will verify accuracy of charges and act as a checkpoint to validate charging
    • Coordinates activities between Finance, Business & Vendor to ensure all invoices are raised & paid in accordance with vendor agreements
    • Forecast cost for 3rd party supplier agreements together with high level understanding of spend w
    • Ensure appropriate stakeholders are informed of contract additions / terminations of to enable correct budget forecasting
    • Perform expense and cost benefit analyses related to technology products/services associated with cost savings/reduction initiatives, benchmark products/services, market and vendors, and make recommendation based upon analyses

Required Knowledge & Experience

  • Advanced Vendor Management experience.
  • Competency in ITIL and/or CIPS framework
  • Proven experience in Sourcing
  • Effective negotiation and strategic sourcing skills
  • Proven thought leadership in the areas of vendor management, governance and business processes
  • Experience with e-procurement tools, vendor scorecards, and customer surveying
  • Strong computer skills; proficiency in MS Word, Excel, PowerPoint and Outlook

Damia Group Limited acts as an employment agency for permanent recruitment and employment business for the supply of temporary workers. By applying for this job you accept our Data Protection Policy which can be found at

Damia Group is acting as an Employment Agency in relation to this vacancy.

Job Reference: TSVENDOR

Salary: £65000 - £75000 per annum + 15% bonus

Salary per: Annum

Job Duration: 6 months

Job Start Date: ASAP

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