Director, Vendor Management

PLEASE NOTE: THIS POSITION IS NOT ELIGIBLE FOR VISA SPONSORSHIP

What You'll Do:

The Director, Vendor Management will play a crucial role for OCC in building and managing a new function for vendor governance. This includes defining processes and procedures for vendor management in the first line of defense, hiring and training a team and implementing tools to support the function. You will manage the relationship and contract activities between OCC and our strategic vendors and ensure that vendor relationship managers across the organization are well-equipped with guidelines, tools and training to perform their responsibilities. A senior leader within the Strategic Sourcing group, you will join a growing team focused on improving business outcomes for OCC.

Primary Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

• Establish and develop internal and external policies, standards and processes for vendor oversight and engagement.
• Sponsor and initiate continuous process improvement projects to improve delivery to exceed internal stakeholder expectations and requirements.
• Promote/communicate the importance of vendor management to the organization's stakeholders and executives.
• Present all pertinent vendor and/or industry trends to stakeholders and propose updates and improvements to existing strategies.
• Manage a comprehensive list of best-in-class vendors for bid processes developed by analyzing performance trends and competitive positioning to ensure engagement and leverage of the most effective professional services supply base.
• Implement and manage best-in-class contract-management and vendor-management tools and practices
• Implement appropriate vendor risk mitigation activities as advised by Third Party Risk Management.
• Manage the collection, consolidation and communication of reporting and data on vendor contracts, performance, and relationships to key stakeholders.
• Monitor and support key strategic IT vendor relationships, including issue and conflict resolution.
• Oversee the creation and maintenance of a repository to track key engagement deliverables, obligations and milestones.
• Serve as a point of escalation for vendor issues and disputes and drive those issues to resolution.
• Manage delivery of performance feedback to vendor organizations and oversee action plans and corrective measures which may arise from the performance management process.
• Provide oversight to vendor reviews where required; arrange and direct departmental activities and true-up/reconciliation schedules, often in cooperation with asset management teams where they exist.
  
  

Supervisory Responsibilities:

• Build and lead a high-performance team to support a new function.
• Develop talent through succession planning, training and mentoring of direct reports.
• Support the development of skills, such as collaboration, negotiation and influence.
• Advise and coach team members as they lead strategic and tactical efforts.
• Support team training and continuous improvement, along with team metrics and KPIs.
  
  

Qualifications:

The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.

• Proven ability to define and refine cross-functional processes and procedures for vendor governance.
• Working knowledge of regulatory guidance pertaining to third-party risk as well as risk control programs
• Proven experience managing global outsourcing service providers, professional services, and contingent labor.
• Advanced ability to influence and negotiate outcomes with stakeholders and vendors and to maintain collaborative relationships with them.
• Strong problem-solving and conflict resolution skills in vendor and internal customer relationship environments.
• Understanding of contractual, commercial and operational working relationships with vendors, including global service providers.
• Understanding of IT asset management, Agile methodology, ITSM and SDLC
  
  

Technical Skills:

Proficiency in MS Office, Sharepoint, Vendor Governance tools such as Sirion, ERP tools such as Oracle Fusion, Contract Lifecycle Management tools such as Ariba or Coupa

Education and/or Experience:

• Bachelor’s degree in business management, supply chain, information technology or a related field, OR an equivalent combination of experience, skills, training and education.
• Master’s degree or master's of business administration (MBA), or a juris doctor (JD), is desired.
  
  

Minimum 10 years’ experience in the following:

• Managing strategic vendor relationships and developing strategies that look to reduce overall cost or risk.
• IT vendor management and/or sourcing and procurement.
• Evaluating support agreements and the yearly true-up and demand management requirements.
  
  

Minimum 7 years experience in the following:

• Information Technology.
• Financial Services or other highly regulated industry.
• Leadership with a proven track record in coaching, mentoring and performance development.
  
  

Certificates or Licenses:

Any of the following are a plus:

Certified Professional in Supply Management (CPSM), Supplier Relationship Management (SRM), Certified Third-Party Risk Professional (CTPRP), Chartered Institute of Procurement and Supply (CIPS) qualification, or Member of the Chartered Institute of Procurement and Supply (MCIPS).

About Us

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

What We Offer

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:

• A hybrid work environment, up to 2 days per week of remote work
• Tuition Reimbursement to support your continued education
• Student Loan Repayment Assistance
• Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
• Generous PTO and Parental leave
• Competitive health benefits including medical, dental and vision
  
  

Benefits

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:

• A hybrid work environment, up to 2 days per week of remote work
• Tuition Reimbursement to support your continued education
• Student Loan Repayment Assistance
• Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
• Generous PTO and Parental leave
• 401k Employer Match
• Competitive health benefits including medical, dental and vision
  
  

Visit https://www.theocc.com/careers/thriving-together for more information.

Compensation

• The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
• In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
• We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
• All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.
  
  

Salary Range

149,500.00 - 182,600.00 - 215,600.00 USD Annual

Incentive Range

18% to 25%

This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.

Step 1

When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.

Step 2

You will receive an email notification to confirm that we've received your application.

Step 3

If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.

For more information about OCC, please click here.

OCC is an Equal Opportunity Employer