Associate Principal, Vendor Management

What You'll Do:

Associate Principal, Vendor Management role is accountable supporting the Vendor Management Office and is overall accountable for performing vendor management (VM) of vendors in their respective portfolio, including all facets of VM including relationship, risk, performance, contract, and financial management, in accordance with the defined VMO vendor strategy. The Associate Principal, Vendor Management is principally responsible for vendor relationship management, contract and performance governance, financial governance, and administering the organization’s vendor risk management program for vendors within their portfolio and tracking deliverables and obligations for assigned vendors and driving results.

Primary Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

• Perform and oversee the execution of all vendor management activities.

• Ensure vendor partners meet or exceed their defined service agreements, obligations, and other key performance indicators and relationship objectives such that maximizes the value of its vendor contracts.

• Develop and maintain, in collaboration with VMO shared services team, positive operational relationships with vendor through consistent VM, regular interaction, and communication to provide for monitoring of and vendor deliverables and obligations. Leads governance meetings with Vendors in their respective portfolio.

• Ensure vendor partner service offerings continue to meet evolving business needs and priorities.

• Collaborate with all levels within to help navigate the vendor management life cycle. Supports, facilitates, or conducts RFP’s. Participates in assigned projects for the VMO team.

• Oversees management of vendor relationship and risk management processes for vendors in their portfolio to drive delivery of high-quality vendor management (VM) services outcomes.

• Collaborates with other VMO team members to promote continual improvement of VM policies, standards and procedures, and providing advice and sharing knowledge and best practices with respect to the vendor relationship, risk, compliance, financial, and performance management functions.

• Support, analyze, and assist in software, internal, and financial audit requests related to vendor and contract management.

• Support, analyze, and assist in the preparation and review of the organizations annual operating budget and strategic planning process.

• Create effective relationships with key vendors and contract stakeholders, and leaders to provide for monitoring of The OCC and vendor deliverables and obligations.

• Ensure vendor service offerings continue to meet evolving business needs and priorities. Ensure a tracker is maintained for any issues and dependencies.

• Develop and maintain positive strategic and operational relationships with vendors are established and maintained through consistent VM, regular interaction and communication.

• Initiate CSAT surveys for a population of vendors, share and maintain results.

• Ensure vendor partners meet or exceed their defined service agreements, obligations, and other key performance indicators and relationship objectives such that The OCC maximizes the value of its vendor contracts.

Supervisory Responsibilities:

None

Qualifications:

The requirements listed are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.

• 5+ yrs relevant vendor management experience

• 5+ yrs technology procurement

• Strong problem-solving and conflict resolution skills in vendor and internal customer relationship environments. Ability to drive results.

• Understanding of contractual, commercial and operational working relationships with global service providers, specific to technology, professional services, contingent labor vendors.

•  Excellent verbal and written communication skills are essential for interacting with vendors and stakeholders.

• Ability to build relationships, facilitate and lead meetings.

• Proficiency in analyzing data, assessing vendor performance and identifying cost-saving opportunities is crucial.

• Strong ability to identify, track, resolve and report issues with vendors and stakeholders.

• Ability to work independently, excellent analytical and organizational skills

Technical Skills:

• Proficiency in MS Office, SharePoint, Vendor Governance tools such as Sirion, ERP tools such as Oracle Fusion, Contract Lifecycle Management tools such as Ariba or Coupa

Education and/or Experience:

• Bachelor’s Degree or equivalent required; Supply Chain Management or Project Management preferred.

Certificates or Licenses:

• Certification in procurement or supplier management such as CPSM, CSMP, CSCP, or CPSD is a plus.

About Us

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

Benefits

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:

• A hybrid work environment, up to 2 days per week of remote work
• Tuition Reimbursement to support your continued education
• Student Loan Repayment Assistance
• Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely
• Generous PTO and Parental leave
• 401k Employer Match
• Competitive health benefits including medical, dental and vision

Visit https://www.theocc.com/careers/thriving-together for more information.

Compensation

• The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
• In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
• We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on www.theocc.com/careers
• All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.

Salary Range

Incentive Range

This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both individual and company performance.

Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.  

Step 2
You will receive an email notification to confirm that we've received your application.

Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location. 

For more information about OCC, please click here.

OCC is an Equal Opportunity Employer