Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
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Job Description:At Regions, the Vendor Manager - Business Segment role supports and administers vendor management for a designated area or division. Ensures enterprise-wide needs for due diligence, risk assessment and continuing vendor monitoring are being accomplished and works to assess, address and monitor business impacts of outsourced service relationships.
Primary Responsibilities
Acts a liaison for area/division in partnership with Corporate Procurement to manage vendor relationships associated with outsourced servicesCreates accountability to bring a robust consistent, centralized and risk-based approach to managing third party risks. Identifies, reports, and tracks vendor third party risk issues and recommends remediation plansEnsures compliance expectations for due diligence, risk assessment and continuing vendor monitoring are accomplishedCompletes detailed reporting, documentation requirements and processes to ensure accuracy and completeness of vendor-submitted surveys, documents and deliverablesMaintains an ongoing awareness of emerging regulatory guidelines and expectations and drives change within the vendor risk management programInitiates and coordinates requests for new vendor relationships and the submittal of Third Party Questionnaires (TPQ), in order to effectively assess and address operational, reputational, customer and shareholder impact, information security and privacy risks, process/policies and procedures impact, staff impact, regulatory impact, and potential for financial lossCoordinates third-party contract review and execution for business line, in partnership with Corporate Procurement and vendor managementReviews exit plans and Service Organization Controls (SOC) reports as part of the TPQ processAttends Working Group meetings for complex, critical or high-risk vendor relationshipsCompletes critical vendor managements tasksMay manage a team or group depending on area/divisionThis position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
Bachelor's degree and three (3) years vendor management experienceOr High School Diploma and seven (7) years vendor management experienceSkills and Competencies
Excellent communication, negotiation, and influencing skillsExceptional organizational, analytical and follow-through skillsProject management skillsStrong knowledge of banking and regulations impacting business unit relationshipsThis role may support specific areas of CBG (Corporate Banking Group) to include Capital Markets, Credit Products and/or Real Estate Banking.
Position Type
Full timeCompensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$67,610.80 USDMedian:
$88,070.00 USDIncentive Pay Plans:
This job is not incentive eligible.Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time401K with Company MatchMedical, Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer ProgramPlease note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.