The Goldman Sachs Group, Inc

Transaction Banking, Vendor Management, Vice President

The Goldman Sachs Group, Inc • $130K — $180K *
Dallas, TX 75217In-Person
Finance & Insurance
5 - 7 years of experience
Reposted 1 month ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business Administration, Supply Chain Management, IT, Finance or related field; Master's degree or certifications like CPSM or CCCM preferred.
  • Minimum 6 years of experience in vendor management, procurement, or strategic sourcing.
  • Proven track record in negotiation and contract execution.
  • Experience with technology vendors and IT service delivery models.
  • Expertise in vendor risk management framework development and implementation.
  • Strong analytical, communication, and problem-solving skills.
  • Familiarity with contract law principles and IT infrastructure.

Responsibilities

  • Oversee the entire contract lifecycle, ensuring alignment with business objectives.
  • Lead negotiations with vendors to secure favorable terms and performance metrics.
  • Develop relationships with key vendors, managing regular performance reviews.
  • Assess vendor technologies for strategic alignment and compliance with IT needs.
  • Identify and mitigate business risks associated with vendor relationships.
  • Track and report on KPIs and SLAs for managed vendors to senior management.
  • Collaborate with procurement on vendor selection processes and management policies.

Benefits

  • Access to extensive training and development opportunities.
  • Opportunities for professional and personal growth.
  • Supportive company culture focused on diversity and inclusion.
  • Wellness and personal finance programs available.
  • Commitment to reasonable accommodations for candidates with special needs.
Full Job Description
Job Description

TRANSACTION BANKING

The Vendor Manager is responsible for strategically managing the organization's relationships with key vendors, ensuring optimal value, performance, and compliance. This role encompasses the full lifecycle of vendor engagement, from selection and contract negotiation to performance monitoring, risk mitigation, and technology integration. The Vendor Manager will drive cost efficiencies, foster innovation, and safeguard the organization against vendor-related business risks. Responsibilities include but are not limited to:
  • Contract Management:
    • Oversee the entire contract lifecycle for Information Technology vendors (software, hardware, and IT professional services), including drafting, review, negotiation, execution, and renewal of vendor agreements.
    • Ensure all contracts align with organizational policies, legal requirements, and business objectives.
    • Monitor contract compliance, terms, and conditions, identifying and addressing any deviations or breaches.
    • Maintain a centralized repository of vendor contracts and related documentation.
  • Negotiation & Relationship Management:
    • Lead and execute complex negotiations with vendors to secure favorable terms, pricing, service level agreements (SLAs), and performance metrics.
    • Develop and maintain strong, collaborative relationships with key vendors, acting as the primary point of contact.
    • Conduct regular business reviews with vendors to assess performance, discuss strategic initiatives, and address issues.
    • Drive continuous improvement and innovation through vendor partnerships.
  • Vendor Technology Management:
    • Evaluate vendor capabilities and technological offerings to ensure alignment with the organization's strategic technology roadmap and business needs.
    • Collaborate with IT and business units to assess the integration, scalability, and security of vendor technologies.
    • Stay abreast of market trends and emerging technologies relevant to vendor services, recommending strategic adjustments as needed.
    • Manage vendor-provided software, hardware, and service solutions, ensuring they meet operational requirements.
  • Business Risk Management:
    • Identify, assess, and mitigate potential business risks associated with vendor relationships, including operational, financial, security, data privacy, compliance, and reputational risks.
    • Develop and implement vendor risk assessment frameworks and due diligence processes.
    • Ensure vendors adhere to the organization's security policies, regulatory requirements, and ethical standards.
    • Develop contingency plans and exit strategies for critical vendor services.
  • Performance Monitoring & Reporting:
    • Define, track, and report on key performance indicators (KPIs) and SLAs for all managed vendors.
    • Analyze vendor performance data to identify trends, areas for improvement, and opportunities for cost savings.
    • Prepare and present regular reports on vendor performance, risk posture, and strategic initiatives to senior management.
  • Strategic Sourcing & Procurement Support:
    • Collaborate with procurement teams on vendor selection processes, including RFI/RFP development and evaluation.
    • Contribute to the development of vendor management strategies and policies.

QUALIFICATIONS
  • Bachelor's degree in Business Administration, Supply Chain Management, Information Technology, Finance, or a related field.
  • Minimum of 10 years of progressive experience in Information Technology vendor management, procurement, contract management, or a related strategic sourcing role
  • Proven track record of successful negotiation and contract execution.
  • Experience managing technology vendors and understanding IT service delivery models.
  • Demonstrated experience in developing and implementing vendor risk management frameworks.
  • Exceptional negotiation and communication (written and verbal) skills.
  • Strong analytical and problem-solving abilities, with a keen eye for detail.
  • Proficiency in contract law principles and best practices.
  • Solid understanding of IT infrastructure, software, and service delivery models.
  • Ability to manage multiple projects and priorities in a fast-paced environment.
  • Strong leadership and interpersonal skills, with the ability to influence and build consensus.

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

SEARCH GOLDMAN SACHS JOBS

READ CAREERS BLOG

At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Finance & Insurance
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ
GS
* Ladders Estimates

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