Role: HR Vendor Manager Start Date: ASAP Contract Length: 6 months (likelihood of extensions) Location: Birmingham, Sheffield, London Rate: Open to discussion Must have: Investment Banking/ Banking experience The role ho…
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Contract
Posted 68d ago
~40 hrs/week
Responsibilities
The role is responsible for establishing and managing the HR vendor management strategy, including deal initiation, financial planning, and contract negotiation. It involves overseeing vendor performance through governance frameworks and collaborating with procurement to optimize supply chain costs.
Requirements
Candidates must have a proven track record in HR vendor management within the investment banking or financial services industry. Expertise in third-party risk management, regulatory landscapes, and commercial contract design is essential.
Full job description
Role: HR Vendor Manager
Start Date:
ASAP
Contract
Length: 6 months (likelihood of extensions)
Location: Birmingham, Sheffield, London
Rate: Open to discussion
Must have: Investment Banking/ Banking experience
The role holder will be responsible for the establishment
and supporting the running of HR Vendor Management aligned to other Vendor
Management teams to establish strategy & best practice
Deal
Initiation/Assurance& Financial Planning
Ensure alignment of key parties to agree objectives and support the development of
the HR supplier strategy to deliver.
Ensure both a vertical and horizontal view is considered through
value streams and co-design structures so that services are not
duplicated and that there is a cohesive strategy around our service
providers and tooling – this will need to happen for not only new deals
but also with the current landscape of providers.
Work with HR areas to assist in the provision of 3rd party requirements
to procurement and contract on that basis.
AOP (Annual Operating
Plan) and SCO (Supply chain optimisation) – Working with HR
representatives and Finance to identify, plan and execute cost
optimisation initiatives.
Analyse options and
support the development of Business Cases.
Ensure
renewals/pipeline is managed with sufficient time to scrutinise and/or
make changes
Identify and implement process and tooling
improvements/simplification initiatives
Negotiation & Contracting
Review existing
contracts – identify and follow up on contracting themes/opportunity for
better practice and implementation of guidelines and 3rd party
uplifts.
Support HR in planning
and contracting for exits, transitions from non-strategic
platforms/contracts.
Support Procurement with commercial negotiation, assessment, and
deal structuring.
Vendor
Performance and Vendor Governance framework
Analysing and creating, where appropriate, measurement
to ensure SLA adherence and continuous improvement of the Vendors
performance (and reviewed in governance forums)
Create engaging and dynamic scorecards and comms
material.
Identifying and delivering contractual reviews and
improvement areas. Negotiating with the vendor to deliver contract
amendments.
Arranging vendor governance forums and ensuring
attendance, materials are prepared and follow up actions/improvements
delivered
Follow up reporting/communications material produced as
required
Validate
benefit claims/ongoing contract/vendor reviews and continuous improvements
identified and delivered
Vendor
Management Practice
Build and maintain a
strategic and progressive relationship with Procurement – focusing on
process and tooling improvements to the benefit of HR as a recipient of
procurement services
Produce and maintain the
framework and documentation/artefacts to logically and simply provide
organisation, guidance and engagement for the central vendor management
team and the wider HR Vendor Management community (known as the Vendor
Management Pillar)
Organise and run the
Vendor Management Community communications and events – townhalls, comms,
adoption strategies, reporting etc
Agree with HR the
allocation Vendor Sponsors (Captains) and work with those Captains to
drive value and the relationship with the designated Vendors.
Ensure the broader
internal engagement, understanding and appreciation of the Vendor
Management practice is created and maintained
Maintain an ‘outside/in’
perspective via research, peer networks to help ensure the continuous
improvement ethos of the Vendor Management practice is maintained
Leadership
& Teamwork
Chair Vendor Management Meetings
Chair Vendor Governance meetings as appropriate
Design, gain buy-in and run internal governance meetings and forums
as required
Run/Oversee Vendor related projects/initiatives
Relationship and Stakeholder Management
Embed ‘How we lead’ behaviors and models within the HR Vendor
Management community
Functional
Knowledge
Proven track record in HR and or HR vendor management role within
the financial services industry, preferably within multinational banks
Strong understanding of HR operational management requirements for
banks and knowledge of the external environment - regulatory, political,
competitor and market
Ability to translate HR supplier strategy and align with vendors
accordingly
SME across Third party risk management lifecycle and Third party
regulatory landscape
Experience of operating within a complex matrix environment
Deep financial and commercial awareness
Demonstrable experience in driving vendor performance, delivering
service improvement plans and managing vendors across all contract types
Ability to manage and mitigate operational risk effectively
Contract knowledge and able to design contracts to meet the
requirements of the business
Strong analytical and problem-solving skills, with the ability to
synthesize complex information and make data-driven decisions to drive
business outcomes
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