Senior Vendor Management Analyst (HYBRID)

About the position At Equitable, we help clients secure their financial well-being so they can pursue long and fulfilling lives - a mission we’ve honed since 1859. The Corporate Sourcing and Procurement (CSP) team partners with business areas, as trusted advisors, and business facilitators, to provide leading sourcing strategies and expertise, manage risk and maximize the total value returned from a diverse set of vendors. Equitable is looking for a Senior Vendor Management Analyst who will be a key member of the Vendor Management Program Office, a team within CSP. This role works collaboratively with team members on assigned Sourcing, Operations, and Vendor Management activities determined by the continuous prioritization of business needs. This position offers a hybrid work schedule, with an on–site presence of 2–3 days per week combining flexibility with team collaboration.

Responsibilities

• Responsible for various activities across the CSP functional areas as needed, to include, project-managing annual Critical vendor risk re-assessments, facilitating the vendor off-boarding function, managing a portfolio of risk reviews, supporting the loading of contracts into our vendor management tool, pulling contracts to support ad hoc inquiries, coordinating information requests across departments, resolving issues and questions as they arise by investigating facts across various CSP systems, as well as process documentation, drafting inter- and intra-departmental communications, and other duties as assigned.
• Work directly with business areas and with risk stakeholders such as CISO, BCP, Privacy, and Records Retention, ensuring the timely and accurate processing of the risk reviews, and monitors and resolves issues as they arise.
• Manage the annual re-assessment of Equitable’s critical vendors, prepare reports as required.
• Facilitate risk reviews on third party vendors depending upon the vendor type and criticality.
• Effectively project manages each risk review to meet the contract due date.
• Work closely with the risk Subject Matter Experts to ensure reviews and follow-up are performed timely.
• Independently perform a thorough review of the complete Business Area Risk Assessment, using critical thinking competencies to identify issues and effectively work with the Business Area Vendor Manager to resolve any identified issues.
• Perform a preliminary comparison of the responses recorded on the vendor’s assessment with the business area’s responses, identifying and addressing inconsistencies with the business/vendor through to resolution.
• Support various activities/functions as the program continues to mature.
• Monitor the higher risk relationships and provide effective updates to management as required.
• Facilitate the off boarding of vendors.
• Upload executed contracts with the proper meta-data into the Vendor Management tool.

Requirements

• Associate’s degree in accounting, business, finance, and/or a related field.
• 2+ years of vendor management or experience in the Insurance Industry.
• Project Management Skills - ability to meet deadlines, goals, and objectives within assigned time limits while maintaining work quality.
• Ability to work independently with minimum guidance from Management.
• Analytical ability to obtain and assess data to resolve issues.
• Ability to analyze information critically, assess assumptions, and raise concerns constructively as needed.
• Investigative curiosity and attention to detail.
• Knowledge of effective presentation tools and techniques to ensure clear understanding; ability to use summarization and simplification techniques to explain complex technical concepts in simple, clear language appropriate to the audience.
• Knowledge of collaborative techniques and approaches; ability to promote a culture of continuous improvement and working together across functions to solve business problems and meet business goals.
• Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
• Knowledge of vendor management methodologies, technologies and processes; ability to gain increased value and excellent services from vendors, as well as costs control and risk mitigation throughout the deal life cycle.

Nice-to-haves

• General understanding of Sourcing & Procurement.
• OneTrust Third-party Risk Management module experience.
• Risk-based mindset and approach.
• Proficient using various technology platforms including OneTrust and Smartsheet, with opportunities to also develop proficiency in Ariba contract repository.

Benefits

• medical
• dental
• vision
• a 401(k) plan
• paid time off

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