The Goldman Sachs Group, Inc

Transaction Banking, Vendor Management, Vice President

The Goldman Sachs Group, Inc$160K — $190K *
Finance & Insurance
5 - 7 years of experience
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

Responsible for the strategic oversight and governance of the organization's key technology vendor relationships. This role manages the entire vendor engagement lifecycle-encompassing strategic sourcing, complex contract negotiation, financial optimization, risk mitigation, and performance evaluation. Operating at the intersection of Technology, Finance, and Legal, candidate ensures that external partnerships align with corporate standards, drive operational efficiency, and support the organization's technology roadmap.

Key Responsibilities

Contract & Lifecycle Management
  • End-to-End Governance: Oversee the complete contract lifecycle for Information Technology vendors (including software, hardware, SaaS, Cloud, and professional services), from initial drafting and legal review to execution and renewal.
  • Compliance & Alignment: Ensure all vendor agreements comply with corporate policies, legal standards, and regulatory requirements.
  • Repository Management: Maintain a centralized, auditable repository of all contracts, amendments, and nondisclosure agreements to ensure organizational transparency.

Negotiation & Relationship Management
  • Commercial Negotiations: Lead complex, high-value negotiations to secure competitive pricing, favorable commercial terms, and robust Service Level Agreements (SLAs).
  • Executive Liaison: Serve as the primary point of contact for key technology partners, fostering collaborative, long-term relationships.
  • Business Reviews: Conduct structured, periodic business reviews with strategic vendors to evaluate performance, discuss product roadmaps, and resolve escalated issues.

Technology & Portfolio Alignment
  • Strategic Evaluation: Partner with IT leadership and business units to evaluate vendor capabilities, ensuring technology offerings align with the organization's infrastructure and security standards.
  • Market Intelligence: Monitor industry trends, emerging technologies, and shifting licensing models to identify opportunities for portfolio optimization and cost efficiencies.

Risk Management & Compliance
  • Risk Assessment: Implement and execute vendor risk assessment frameworks to identify and mitigate operational, financial, cybersecurity, and data privacy risks.
  • Regulatory Adherence: Ensure all third-party partners adhere to corporate information security policies and industry-specific regulatory standards.
  • Contingency Planning: Develop and maintain robust business continuity plans and exit strategies for critical, tier-1 vendor dependencies.

Performance Monitoring & Reporting
  • Performance Metrics: Establish, track, and report on Key Performance Indicators (KPIs) and SLAs to ensure vendor accountability.
  • Executive Reporting: Analyze vendor performance and spend data to deliver actionable insights, risk postures, and strategic recommendations to senior management.

Qualifications
  • Education: Bachelor's degree in Business Administration, Supply Chain Management, Information Technology, Finance, or a related field.
  • Experience: 8+ years of progressive experience in IT vendor management, technology procurement, contract management, or strategic sourcing (adjusted slightly from 10 years to capture highly qualified senior talent, though adaptable based on organizational requirements).
  • Negotiation Expertise: Proven track record of leading complex, multi-million dollar negotiations with major technology publishers and service providers.
  • Technical Acumen: Strong understanding of IT infrastructure, software licensing models, cloud services (SaaS/PaaS/IaaS), and IT service delivery frameworks.
  • Legal & Risk Knowledge: Solid proficiency in contract law principles, third-party risk management (TPRM) frameworks, and data privacy regulations.
  • Communication: Exceptional written and verbal communication skills, with a demonstrated ability to influence stakeholders and build consensus across cross-functional teams (Legal, Finance, Security, and IT).

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.

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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.

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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
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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