Deputy Manager

5 hours ago

Navi Mumbai Maharashtra India, Maharashtra T&M Services Consulting Pvt Ltd Full time

Job Title: Vendor Manager (Deputy Manager Grade) for Bank of Baroda

Position Level: Deputy Manager

Number of Positions: 1

Age Limit: Minimum 25 years – Maximum 38 years

Educational Qualifications

  • Minimum: Graduation in any discipline from a University/Institution recognized by the Government of India, Government bodies, or AICTE.
  • Preferred: Post Graduate Diploma or MBA in any discipline.

Experience Requirements

  • Total Experience: Minimum 5 years of cumulative experience in one or more of the following sectors:
  • Banking
  • NBFC (Non-Banking Financial Companies)
  • Financial Services
  • Financial Institutions
  • Insurance Industry
  • Financial Intermediaries
  • Financial Allied Industries
  • Specific Experience: At least 2 years of experience in vendor management processes in any of the above-mentioned industries.

Job Role & Responsibilities

  • Manage end-to-end vendor lifecycle including onboarding, due diligence, evaluation, performance monitoring, and contract renewal/termination.
  • Ensure compliance with regulatory guidelines, internal procurement policies, and risk management frameworks.
  • Coordinate with internal stakeholders (Operations, IT, Legal, Compliance, Finance, etc.) for vendor selection, performance review, and issue resolution.
  • Maintain and update vendor databases, contract repositories, SLAs, and documentation.
  • Monitor vendor performance against agreed SLAs, KPIs, and risk parameters, ensuring timely escalation of deviations.
  • Conduct periodic vendor audits and risk assessments in coordination with relevant teams.
  • Support negotiation of contracts, pricing, and service terms to optimize cost and service quality.
  • Prepare and present vendor performance reports, dashboards, and MIS for senior management.
  • Assist in developing vendor management frameworks, policies, and best practices.
  • Drive process improvements to enhance vendor efficiency, compliance, and cost-effectiveness.

Skills & Competencies

  • Strong understanding of vendor management processes, procurement norms, and regulatory requirements.
  • Excellent negotiation, communication, and stakeholder management skills.
  • Analytical mindset with ability to assess vendor risks, performance data, and compliance issues.
  • Proficiency in maintaining contracts, documentation, and vendor-related reporting.
  • Strong organizational and multitasking abilities with attention to detail.

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