Your role The Vendor Relationship Manager (VRM) is responsible for building and managing relationships with those who supply products and services to UBS ensuring that vendors meet or exceed their contractual obligations. The VRM operates in both the pre and post contract award. They are active in the UBS Sourcing and Contracting lifecycle specifically identifying additional supplier value propositions, development of vendor specific strategies and leading/contributing the cross functional deal teams as required. Additionally, is responsible for developing and executing Go-to-Market / Deal strategies and commercial principles by structuring market leading transactions for the Bank. They are actively leading the structuring of complex deals and members of the cross-functional teams. The categories in scope are (not limited to): Consulting, Market Data, Premises, Travel, Tax, Audit and employee benefits .
Do you have what it takes for getting external suppliers to honor their commitments, yet still build a successful relationship? Are you able to work collaboratively across multiple staff, suppliers and external vendors? We're looking for someone like this to: -evaluate potential suppliers using developed and agreed criteria to support alignment and understanding of the expectations and requirements of engagement -monitor and report on the performance of selected vendors to ensure delivery in line with contractual obligations and performance metrics, inclusive of the Vendor Management Framework -manage outward communication to vendors to facilitate understanding and awareness of organizational strategic direction, changes and challenges -manage and identify opportunities to drive innovation or leverage vendor capabilities beyond contracted services -manage the interaction between vendors and internal program delivery leaders to provide adequate visibility of interdependent initiatives and programs -liaise with procurement partners to review, report on and revise contractual agreements as necessary -accountable for the ongoing management and conformance of the Unified Master Agreement / Global Framework Agreement -act as the senior negotiator/escalation for complex sourcing events inclusive of Rate Cards (as required) -act as a trusted advisor with all internal business partners and a strong emphasis on concise and accurate communication, both written and verbal -manage complex transactions where a new vendor is being considered or engagements with challenging vendors. -manage complex transactions that are a critical and material element of the category strategy, business strategy, transformation, innovation, JV's, Commercialization or outcome based deals. -knowledge and experience of outsourcing methodologies, contracts and commercial models -manage and facilitate elements of complex deals such as: Business Case, Commercialization Model, Solution / Proposal Evaluation, Transition & Termination Planning, Deal structuring and Execution -leverage leading-edge industry best practice to advance Non-IT vendor and commercial strategy -defines commercial constructs to motivate vendor behaviors that are aligned to UBS Strategy and Goals -acts as a role model for excellent global vendor and commercial management by showing others how to marshal disparate stakeholder requirements to drive optimal commercial solutions -can negotiate at both a detailed level and a broader executive management level Experience of working with or for large IT service providers and technology vendors
Your team You'll be working in the Group Sourcing team. Group Sourcing (GS) is Corporate Center function created to support UBS with its third party vendor sourcing strategies as well as to manage the services provided by our near- and offshore delivery centers (UBS Business Solution Center, Outsourcing Delivery Centers., etc.) The Supplier Management function is embedded within GS and responsible for providing three key services: Supplier performance & risk management, Supplier portfolio management and Deal Governance.
Your expertise You have: -experience of managing Fixed Price, Risk/Reward gain share, outcome/output sourcing contracts including expertise in outsourcing methodologies, contracts and commercial models (Previous sourcing and/or commercial experience) -extensive experience with contract negotiation with third parties on financials and legal terms whilst having the ability to understand, interpret and draw conclusions from contractual terms -experience managing complex transactions where a new vendor is being considered or engagements with challenging vendors. -strong communication skills and the ability to work effectively with staff from a diverse mix of backgrounds and cultures -Vendor Management experience – evaluating, monitoring and reporting on the performance of selected vendors -experience working in global financial organizations is desirable
About us Expert advice. Wealth management. Investment banking. Asset management. Retail banking in Switzerland. And all the support functions. That's what we do. And we do it for private and institutional clients as well as corporations around the world.
We are about 60,000 employees in all major financial centers, in more than 50 countries. Do you want to be one of us?
Join us We're a truly global, collaborative and friendly group of people. Having a diverse, inclusive and respectful workplace is important to us. And we support your career development, internal mobility and work-life balance. If this sounds interesting, apply now.
Disclaimer / Policy Statements UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.
Internal Number: 5879353
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