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Sr. Analyst, Vendor Management
full-time•Toronto
About this role
This position plays an integral role within Fairstone by managing key supplier relationships, driving operational excellence, and partnering with internal teams to positively impact customer experience. Key activities include improve processes, practices, and monitor suppliers’ governance processes.
Responsibilities
- Manage a portfolio of vendor relationships, including OSFI B10 Material vendors, to drive service excellence, mitigate third party risks, and maximizes value for money.
- Lead cost savings / process enhancement opportunities.
- Perform on-going vendor governance activities for responsible vendors as per the Bank policies and procedures.
- Track and evaluate vendor performance against contractual service levels. Generate insightful reports to show how the vendor is performing against expectations and take action if required.
- Coordinate and lead cross functional vendor review meetings with presentation materials geared toward a senior audience.
- Understand contractual terms and obligations to effectively manage vendor agreements and relationships.
- Perform reconciliation and verification of vendor invoices.
- Enhance vendor oversight processes and identify best practices to drive process efficiencies.
- Act as the issues/incident escalation point for their responsible vendors.
- Ensure corporate requirements are met by facilitating necessary documentation and reviews, including required updates to internal policies and procedures.
- Update and maintaining Bank operational procedures.
- Forecasts and maintains Mastercard inventory and other collateral based on business need and cost optimization.
- Perform other duties as assigned.
Qualifications
- Bachelor degree or relevant 4-5 years of experience in vendor management or operational experience in a related field.
- Ability to analyze documents and data, identify risks and establish relevant process controls.
- Excellent communication skills both verbal and written and ability to interact comfortably and confidently at all levels including business partners, Executives, and external vendors.
- Ability to develop and maintain effective relationships with multiple vendors and key internal and external partners.
- Ability to manage conflict and work under pressure.
- Ability to work independently.
- Ability to multi-task with strong attention to detail.
- Proficiency with Microsoft Word, Excel, PowerPoint and Outlook.
This role is now vacant
Learn more: https://www.fairstone.ca/en/about/canadian-lender
Follow us on LinkedIn: https://www.linkedin.com/company/fairstone/mycompany/
If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.
Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.
Time Type:
Full timeJob Type:
Temporary (Fixed Term)What you'll do
- The role involves managing vendor relationships and driving service excellence while mitigating third-party risks. It includes tracking vendor performance, generating reports, and coordinating vendor review meetings.
About Fairstone Bank
Fairstone Bank and its family of brands form Canada’s leading alternative lending bank, united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals.
With a diverse suite of products — residential and commercial mortgages, consumer deposits and GICs, credit cards and rewards programs, retail financing and automobile financing, personal loans and digital lending — we offer financial solutions tailored to all Canadians.
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La Banque Fairstone et sa famille de marques forment la plus importante banque de financement alternatif au Canada, unies pour offrir des solutions financières novatrices, accessibles et fiables qui permettent aux Canadiens et aux Canadiennes d’atteindre leurs objectifs.
Grâce à une gamme diversifiée de produits – prêts hypothécaires résidentiels et commerciaux, des produits d’épargne des particuliers et CPG, cartes de crédit et programmes de récompenses, financement de détail et automobile, prêts personnels et prêts numériques –, nous offrons des solutions financières adaptées à tous les Canadiens et les Canadiennes.
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For employment opportunities: https://fairstone.wd3.myworkdayjobs.com/FairstoneCareers
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Frequently Asked Questions
What does a Sr. Analyst, Vendor Management do at Fairstone Bank?
As a Sr. Analyst, Vendor Management at Fairstone Bank, you will: the role involves managing vendor relationships and driving service excellence while mitigating third-party risks. It includes tracking vendor performance, generating reports, and coordinating vendor review meetings..
Is the Sr. Analyst, Vendor Management position at Fairstone Bank remote?
The Sr. Analyst, Vendor Management position at Fairstone Bank is based in Toronto, Canada. Contact the company through Clera for specific work arrangement details.
How do I apply for the Sr. Analyst, Vendor Management position at Fairstone Bank?
You can apply for the Sr. Analyst, Vendor Management position at Fairstone Bankdirectly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process.