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Regions Financial

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
 
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
 
Job Description: 
At Regions, the Vendor Manager - Business Segment role supports and administers vendor management for a designated area or division. Ensures enterprise-wide needs for due diligence, risk assessment and continuing vendor monitoring are being accomplished and works to assess, address and monitor business impacts of outsourced service relationships.
 
Primary Responsibilities
 Acts a liaison for area/division in partnership with Corporate Procurement to manage vendor relationships associated with outsourced services
 Identifies, reports, and tracks vendor third party risk issues and implements remediation plans
 Ensures compliance with expectations for due diligence, risk assessment and continuing vendor monitoring are accomplished
 Oversees detailed reporting, documentation requirements and processes to ensure accuracy and completeness of vendor-submitted surveys, documents and deliverables
 Facilitates contracts renewals in partnership with Business Segment Managers to ensure that contractual service level agreements are in alignment with the needs of the business
 Oversees requests for new vendor relationships and the submittal of Third Party Questionnaires (TPQ), in order to effectively assess and address operational, reputational, customer and shareholder impact, information security and privacy risks, process/policies and procedures impact, staff impact, regulatory impact, and potential for financial loss
 Manages third-party contract review and execution for business line, in partnership with Corporate Procurement
 Facilitates the resolution of escalated vendor-related issues
 Reviews exit plans and Service Organization Controls (SOC) reports as part of the TPQ process
 Attends Working Group meetings for complex, critical or high-risk vendor relationships
 May manage a team or group depending on area/division
 Participates in and/or leads, as appropriate, the procurement process with vendors
 Manages the governance, procurement and contract-related aspects of the business segment vendors in order to support corporate procurement and vendor management objectives
 Communicates, educates and implements a common and consistent approach to vendor management within the business segment
 Makes recommendations as appropriate to correct deviations from established standards and objectives
 Completes critical vendor managements tasks
 May lead the procurement process with vendors
 
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
 
Requirements
 Bachelor's degree and five (5) years vendor management experience
 Or High School Diploma and nine (9) years vendor management experience
 
Skills and Competencies
 Ability to manage multiple tasks and projects in a timely manner
 Excellent communication, negotiation, and influencing skills
 Exceptional organizational, analytical and follow-through skills
 Project management skills
 Proven ability to build relationships
 Strong knowledge of banking and regulations impacting business unit relationships
 
Position Type Full time
 
Compensation Details
 Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
 
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
 
Job Range Target: 
Minimum: $82,710.10 USD
 Median: $104,600.00 USD
 
Incentive Pay Plans: This job is not incentive eligible.
 
Benefits Information
 Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
 
Paid Vacation/Sick Time
 
401K with Company Match
 
Medical, Dental and Vision Benefits
 
Disability Benefits
 
Health Savings Account
 
Flexible Spending Account
 
Life Insurance
 
Parental Leave
 
Employee Assistance Program
 
Associate Volunteer Program
 
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
 
https://www.regions.com/about-regions/welcome-portal/benefits
 
Location Details Riverchase Operations Center
 Location: Hoover, Alabama
 
Equal Opportunity Employer/including Disabled/Veterans
 
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.

Vendor Manager - Business Segment

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Vendor Manager - Business Segment