Vendor Management Team Manager at Federal Reserve Bank (FRB) in New York City, New York

Job Description:

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It is a challenge that demands the skills of a financial service professional and the intelligence an academic-all combined with a passion for public service.

What we do:

Vendor management is the process that empowers an organization to take appropriate measures for controlling cost, reducing potential risks related to vendors, ensuring excellent service deliverability and deriving value from vendors in the long-run.

The Federal Reserve Vendor Management Program has four main objectives:

• Centrally manage all technology vendors within a single technology focused Vendor Management Team
• Ensure that Business Vendors, whom use technology as key part of delivery, are aligned with the Technology VM Best practices.
• Vastly improve our capabilities to outsource and speed of outsourcing when possible.
• Manage end to end RFPs with core partners

We are seeking a Vendor Management Team Manager Role for the Federal Reserve Bank of New York whom will be responsible for end-to-end management, procurement and alignment of all technology vendors for The Bank. This incorporates project management skills with vendor management knowledge. This role will work very closely with The Bank's Legal, PVM and Strategic Planning Office.

This candidate will manage a diverse team of individuals whom are responsible for IT vendor contracting, purchasing, performance relationship and risk management. They will meet with SMEs to understand the technology team's needs, interface with cyber security specialists and risk managers to ensure we select the correct sourcing partners and products. This group will own the contractual and performance relationship while working with the operational owners. This team will be responsible for ensuring that delivery meets expectations. They will also be responsible for authoring SOWs, MOUs and Exception Letters that articulate those expectation.

This position will support discussions with all vendors to minimize risk and maximize value in the acquisition of SaaS, software, hardware, telecommunications, cloud, and related professional services. They will have co-ownership of the end-to-end sourcing process; from strategy development through contract signature. In addition to the above, this candidate will need to learn the Federal Reserve System as whole. They will be responsible for managing inter-bank support programs where other partner Bank provide vendor like services. What we are looking for:

• Detail Oriented
• Strong Project Management Skills
• Manages the end-to-end vendor procurement process
• Ensures suppliers' overall compliance with the service levels and other critical contractual obligations
• Author SOW & Exception letters on requests behalf of the Technology Team
• Verify performance to each SOW & Corrective Actions
• Reviews overall user satisfaction with the products and services
• Aids in the planning of new products or services and the removal (termination/transition) of vendor products and services
• Authors and recommends contractual change orders
• Manages all vendor audits
• Facilitates the RFX, RFI & SEI process for TG
• Administrates the "Proof of Concept" & Supplier Enables Innovation processes for the Technology Group
• Manages all vendor onboarding and off boarding activities
• Developing and inventory of all partner banks with technology touchpoints
• Reviewing existing MOUS, SLAs and agreements
• Reviewing end-to-end spend
• Defining and implementing the appropriate relationship for partner banks based on services provided
• Acting as a liaison for partner bank services
• Looking at existing management frameworks and applying them as needed

Our organization offers benefits that are the best fit for you at every stage of your career:

• Fully paid Pension plan and 401k with Generous Match
• Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
• Subsidized Public Transportation Program
• Tuition Assistance Program
• Onsite Fitness & Wellness Center
• Flexible Work Arrangements
• And more

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.