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Manager of Vendor Relations
Baltimore, United States
Company Overview
Every firm has a culture – the values, beliefs, methodology, attitudes and standards that reflect an organization’s DNA. But the truly inspiring firms – the game-changers, the industry leaders and the disruptors – have cultures that propel them to innovate and stand out. At Brown Advisory, we aim to be one of those inspired firms. Over the years, we have purposefully built and nurtured our client-first culture.
Brown Advisory is an independent investment management and strategic advisory firm committed to delivering a combination of first-class performance, strategic advice and the highest level of client service. The firm’s clients—including individuals, families, family offices, endowments, foundations, charities, institutions, consultants, and financial intermediaries—are served by over 950 colleagues worldwide, all of whom are equity owners of the firm.
Abu Dhabi | Austin | Baltimore | Boston | Delaware | Frankfurt | London | Nashville | New York | North Carolina | San Francisco | Singapore | Southern California | Tokyo | Virginia | Washington, D.C
Brown Advisory provides applicants with a client-first, fast-paced, entrepreneurial environment where they will have the opportunity to develop their problem-solving skills with the support of dedicated teammates. Our team takes great care to ensure that the needs of our clients are met, and their expectations are exceeded. The Operations Team is currently seeking a dynamic individual to put our clients first as a Manager of Vendor Relations.
Duties and Responsibilities
- Build and manage a vendor management program that fosters partnerships beneficial to both our clients and the firm. Establish and hold vendor partners to clear service level agreements.
- Lead and continuously strengthen Brown Advisory’s relationship with key vendors, data providers, and third-party partners. Negotiate agreements with vendor partners to achieve firm strategic initiatives.
- Proactively identify new strategic services and opportunities for improved service levels with vendor partners through quantitative and qualitative means.
- Utilize Objectives and Key Results (OKRs) and other evaluative mechanisms to measure service level of providers, recommend plans of action, and implement continuous improvement to deliver results.
- Establish procurement procedures that source, evaluate, and select vendor partners to address business needs. Standardize the firm’s RFP process. Collaborate with Accounting and Finance to structure vendor onboardings to ensure invoices are accurately recorded and routed for approval. Establish similar policies and procedures for vendor off-boardings.
- Oversee and track vendor relationships for the firm, report on status of vendor relationships to executives and management on a regular basis. Partner with internal audit to address any identified vendor risks.
- Execute ad hoc vendor related projects and strategic initiatives for the business; partner with groups internally including, but not limited to, Private Client, Institutional Sales and Service, Technology and Infrastructure to deliver key results.
- Ensure regular risk assessments, access rights reviews, data usage assessments, and centralized oversight of vendor agreements. Ensure compliance with any related regulatory requirements.
Job Requirements
- Bachelor’s degree required
- Masters/Advanced Degree preferred
- Superior analytical and problem-solving skills
- Superior written and oral communication skills
- Highly organized and detail-oriented
- Experience working in a team environment
- Ability to adapt in a positive manner to rapidly changing priorities
- Ability to remain calm in a fast-paced environment
- Ability to handle confidential material with utmost discretion
- Interested applicants must conduct themselves in a highly professional manner
- Experience with vendor management software(s)
- Vendor contract negotiation experience
- Management and creation of vendor service level agreements
MD Salary: $110-$130k. Commensurate with experience and location. Does not include bonus or long term incentive eligibility (if applicable).
Benefits
At Brown Advisory we offer a competitive compensation package, including full benefits.
- Medical
- Dental
- Vision
- Wellness program participation incentive
- Financial wellness program
- Fitness event fee reimbursement
- Gym membership discounts
- Colleague Assistance Program
- Telemedicine Program (for those enrolled in Medical)
- Adoption Benefits
- Daycare late pick-up fee reimbursement
- Basic Life & Accidental Death & Dismemberment Insurance
- Voluntary Life & Accidental Death & Dismemberment Insurance
- Short Term Disability
- Paid parental leave
- Group Long Term Disability
- Pet Insurance
- 401(k) (50% employer match up to IRS limit, 4 year vesting)
Brown Advisory is an Equal Employment Opportunity Employer.
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