The Independent Bankers Association of Texas (IBAT) is seeking a full-time Vendor Due Diligence Manager to assist in the development of processes for the selection, management and evaluation of community bank vendors for endorsement by IBAT.
The ideal candidate will have proven experience in executing an effective vendor management program within a financial institution.
As IBAT is equipped to support full-time telework, relocation is not required.
Assists in the implementation of endorsement processes with specific policies, procedures, and tools
Contributes to business strategies by developing actionable plans or programs and ensures integration of related functions
Establishes business plans, policies, procedures that support and align with Company initiatives and strategies
Negotiates license agreements (e.g. contracts or services).
Executes the process to identify, evaluate, and propose vendor selection
Prepares business cases for engagement with vendors to include criteria for clearly measuring the association and vendor expectations
Provides vendor performance scoring, visibility reporting, and continuous improvement of vendor performance in adherence to contractual terms
Communicates vendor performance issues to process owners and senior management and ultimately the IBAT Services Board of Directors
After the endorsement process has occurred
Tracks issue resolution and member feedback on vendor service quality.
Maintains communication with vendors to track potential changes that would require staff or board review.
Develops and provides regular updates on vendor performance and member feedback.
Implements structure, process, and governance as it relates to vendor communications, contract management, and on-going vendor relationships
Identifies customer needs and opportunities to ensure that all programs and services drive value
Develops and executes board and other management reports.
Thoughtfully and constructively assists with conflict resolution
Consults with bankers, vendors and teammates to identify all facets of an issue and generate a solution
Keeps abreast of industry trends and regulatory requirements to ensure alignment with association needs
Performs other duties as assigned.
Education and/or Experience
Minimum 5 years experience in the banking industry related functions, vendor management, strategic sourcing, and contract negotiation or contract management
Familiarity of federal compliance policies and requirements for vendor management
Familiarity with financial risk evaluation methodologies and risk based modeling
Knowledge on outsource solutions and compliance evaluation requirements
Demonstrate a strong understanding of sourcing and contract principles
Familiar with vendor management and contract applications
Ability to understand and translate financial implications on the business
Experience in preparing and implementing negotiation and vendor selection strategies and leading vendor performance analysis
Ability to develop strong working relationships with management and external vendors
Effectively and professionally communicate through verbal, written, presentation and interpersonal skills
Prepare and implement negotiation and vendor selection strategies and lead vendor performance analysis
Ability to influence and monitor the satisfaction of the relationships between the community bank, the vendor and IBAT
Excellent conceptualization, analytical and logic skills
Ability to function both independently and as a team member
Effectively manage multiple priorities and projects; function in a fast-paced moving, constantly changing, deadline driven environment
Proactively deal with ambiguity and offer creative solutions
Build and support a diverse culture to drive innovation and business results
Communicate initiatives and translate strategic impact on the team
Achieve results by influencing decisions through advice and counsel to others
High proficiency in Microsoft Office applications.
Strong planning/organization and time management skills
Strong analytical, strategic thinking and decision-making skills
Ability to partner with other internal resources in the execution of the strategy
IBAT is accepting candidates for this position. You may submit a cover letter and resume to Julie Courtney at firstname.lastname@example.org.
Telecommuting is allowed.
About Independent Bankers Association of Texas
The Independent Bankers Association of Texas (IBAT) represents Texas community banks. The Austin-based group is one of the largest state community banking organizations in the nation, with membership comprised of more than 2,000 banks and branches in 700 Texas communities. Providing safe and responsible financial services to all Texans, IBAT supports its membership through advocacy, education, information and collaboration.