Deputy Manager - Vendor Manager

Description:
Job Title: Vendor Manager (Deputy Manager Grade) for Bank of Baroda
Position Level: Deputy Manager
Number of Positions: 1
Age Limit: Minimum 25 years Maximum 38 years
Educational Qualifications:
- Minimum: Graduation in any discipline from a University/Institution recognized by the Government of India, Government bodies, or AICTE

- Preferred: Post Graduate Diploma or MBA in any discipline
Experience Requirements:
- Total Experience: Minimum 5 years of cumulative experience in one or more of the following sectors:
- Banking
- NBFC (Non-Banking Financial Companies)
- Financial Services
- Financial Institutions
- Insurance Industry
- Financial Intermediaries
- Financial Allied Industries
- Specific Experience: At least 2 years of experience in vendor management processes in any of the above-mentioned industries
Job Role & Responsibilities:
- Manage end-to-end vendor lifecycle including onboarding, due diligence, evaluation, performance monitoring, and contract renewal/termination
- Ensure compliance with regulatory guidelines, internal procurement policies, and risk management frameworks
- Coordinate with internal stakeholders (Operations, IT, Legal, Compliance, Finance, etc.) for vendor selection, performance review, and issue resolution
- Maintain and update vendor databases, contract repositories, SLAs, and documentation
- Monitor vendor performance against agreed SLAs, KPIs, and risk parameters, ensuring timely escalation of deviations
- Conduct periodic vendor audits and risk assessments in coordination with relevant teams
- Support negotiation of contracts, pricing, and service terms to optimize cost and service quality
- Prepare and present vendor performance reports, dashboards, and MIS for senior management
- Assist in developing vendor management frameworks, policies, and best practices
- Drive process improvements to enhance vendor efficiency, compliance, and cost-effectiveness
Skills & Competencies:
- Strong understanding of vendor management processes, procurement norms, and regulatory requirements
- Excellent negotiation, communication, and stakeholder management skills
- Analytical mindset with ability to assess vendor risks, performance data, and compliance issues
- Proficiency in maintaining contracts, documentation, and vendor-related reporting
- Strong organizational and multitasking abilities with attention to detail