Vendor Management Specialist

Description:

The Vendor Management Specialist is responsible for the ongoing management of the organization’s vendor relationships. This role engages in the ongoing risk management of vendors, its analysis, and reporting on those to the Vendor Management Advisor. This position will work closely with the Vendor Management Advisor in coordinating all the ongoing and any new vendor relationships.

A successful Vendor Management Specialist/Associate will be a part of all the ongoing monitoring of vendors which will then minimize vendor-rated risk and operate with confidence in services rendered for fees paid. The incumbent’s success will mean that the Vendor Management Program has evolved to manage all its administrative activities.

After one year as a Vendor Management Specialist, you know you were successful if you…

• Manage the annual risk assessment process for critical vendors, including the collection of all due diligence and user entity control documentation.
• Conduct business reviews for critical vendors regularly, enabling respective relationship managers to better manage vendor performance.
• Ensure vendor risk exposures are accurately measured and reported, escalating issues to the relevant internal partner to develop an appropriate remediation plan.
• Communicate vendor responsibilities and findings of vendor reviews to the Vendor Management Advisor.
• Help develop and be a part of the evolving Vendor Management Program for the Bank.
• Work toward the standardization of vendor management processes that achieve compliance standards and enable practical, efficient business functions.
• Be a part of deploying & managing the Vendor Management Tool at the Bank.

Requirements:

What we are looking for…

• Bachelor’s degree in information technology, Computer Science, Business Administration or related field.
• Minimum three years Vendor and/or Account Management, Procurement, or related roles experience required.
• Effective oral/written communication and interpersonal skills required.
• Proficient with Microsoft Office Suite (Excel, Word, PowerPoint, Outlook, Teams, SharePoint) required.
• Experience with vendor management software and tools is an added advantage.

Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including Federal Housing Administration (“FHA”) multi-family housing and healthcare facility financing and servicing; mortgage warehouse financing; retail and correspondent residential mortgage banking; agricultural lending; and traditional community banking. Merchants Bancorp, with $17 billion in assets and $14.1 billion in deposits as of December 31, 2023, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.

We are very proud of being recognized both nationally as one of the top-performing public banks in the US. By S&P Global Market Intelligence and locally as a Best Place to work in Indiana for seven consecutive years. Learn more about this read more here.