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Vendor Relationship Management Analyst

Invesco

Invesco

IT, Customer Service
Atlanta, GA, USA
Posted on Friday, August 11, 2023

As one of the world’s leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world.

If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, come explore your potential at Invesco. Make a difference every day!

Job Description

Your Team

Invesco's Procurement organization consist of dedicated individuals across the globe handling the organizations spend on goods and services in addition to mitigating vendor risk. The Vendor Relationship Management Analyst will work with the Manager of Vendor Relationship Management within the Procurement Operations team.

Your Role

The Vendor Management Analyst will support key initiatives within Invesco’s Vendor Relationship Management (VRM) program. They will have responsibility for supporting the program and working within the related technology solution. They will assist in training business and tools in addition to onboarding and conducting due diligence on new vendors (coordinating with other internal teams). Additionally, the role will be responsible for driving and monitoring Business Vendor Relationship Owners (VROs) to ensure compliance with the VRM program framework.

You Will Be Responsible For:

  • Analyze vendor risk assessment responses to validate existence of adequate controls and identify potential risk.

  • Engage vendors and business partners to build risk remediation plans, over-see progress against those to ensure completion.

  • Coordinate and facilitate meetings with key collaborators to review vendor information and develop action plans.

  • Make recommendations to business partners (including executives) for plans to address any identified vendor issues related to performance, risk or other.

  • Support VROs in the business to ensure program participation, compliance and provide any needed support or training.

  • Compile periodic reports on program initiatives and assessments status for committees and senior management.

  • Collaborate with various teams (e.g., Security, Compliance, Privacy, Technology, etc.) to segment vendors into risk tiers.

  • Assist the Director, Vendor Relationship Management on any activities as needed related to executive oversight of the VRM program.

  • Organizing and maintaining accurate vendor records and documentation.



The Experience You Bring:

  • 1-3 years directly-related work experience in vendor/supplier relationship management, vendor risk management, or audit.

  • Bachelor’s Degree. Prefer Business, Economics, Supply Chain Management, Decision Analysis concentrations.

  • Hands on experience with reviewing policies, procedures, and independent audits.

  • Experience with vendor contracts, performance metrics.

  • Knowledge of vendor risk and relationship management practices or audit.

  • Self-motivated and self-reliant.

  • Strong verbal, written/documentation, and presentation communication skills.

  • Strong analytical skills; ability to question/probe.

  • Ability to detail and track data for business level consumption of vendor services for decision-making.

  • Ability to conduct sophisticated analysis and present data in a significant way.

  • Open minded, flexible, and willing to listen for other people’s opinions.

  • Interpersonal skills vital to effectively communicate over the phone with a variety of individuals at all technical and business levels are required.

  • Must have strong proficiency in Microsoft Office, specifically Excel, Word, and PowerPoint.

  • Strong organizational, problem solving and project management skills with a detailed orientation.

  • Ability to interpret detailed business information into clear conclusions and recommendations.

  • Experience with ProcessUnity a plus.

Full Time / Part Time

Full time

Worker Type

Employee

Job Exempt (Yes / No)

Yes

Workplace Model

At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.

What’s in it for you?

Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:

  • Flexible time off and opportunities for a flexible work schedule

  • 401(K) matching of 100% up to the first 6% with additional supplemental contribution

  • Health & wellbeing benefits

  • Parental Leave benefits

  • Employee stock purchase plan

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.

Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.