Senior Associate-Vendor Management

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Date: Jan 27, 2021

Location: New York, NY, US

Company: New York Life Insurance Co

 

A career at New York Life offers many opportunities. To be part of a growing and successful business. To reach your full potential, whatever your specialty. Above all, to make a difference in the world by helping people achieve financial security. It’s a career journey you can be proud of, and you’ll find plenty of support along the way. Our development programs range from skill-building to management training, and we value our diverse and inclusive workplace where all voices can be heard. Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and service, supported by our Foundation. It all adds up to a rewarding career at a company where doing right by our customers is part of who we are, as a mutual company without outside shareholders. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of www.NewYorkLife.com.

 

This new role within the Third-Party Management Office is responsible for supporting best practices for New York Life’s third-party management program by providing the following:

 

Description: 

  • Collaborate on and support the buildout of a best-in-class third-party management program
  • Support strategic program direction set by leadership team for both short- and long-term goals.
  • Help manage, document and mature third-party management from an end-to-end perspective, including governance, process & procedures and execution of program activities & reporting in cooperation with Third-Party Risk Management.
  • Support all aspects of third-party campaigns by soliciting supplier profile data including category segmentation, capabilities, performance management, spend analytics, adherence to company policies, etc.
  • Develop understanding of and support for related areas such as NYL third-party risk, sourcing and contracts processes and program requirements.
  • Work closely with business areas, vendor governance leads and other stakeholders across NYL on third-party relationship and performance related matters to help identify and mitigate issues and drive optimal third-party services and value to NYL, throughout the lifecycle
  • Provide insight and reporting on third-party relationship and performance related matters; help develop and maintain enterprise level SLA reporting and requirements
  • Work with business areas to help close any gaps in third-party oversight requirements
  • Provide training on vendor management across the NYL enterprise
  • Use supplier management applications to execute the end-to-end third-party management program

 

Qualifications: 

  • 3-5+ years of relevant industry experience (including insurance, banking or financial industry background)
  • Bachelor’s degree required; MBA or comparable advanced degree preferred
  • At least 3 years specifically in a vendor management role (risk and/or performance management)
  • Knowledge of contract management & contracting principals as they relate to supplier management a plus
  • Exceptional collaboration, interpersonal and teamwork skills; ability to build relationships internally within the organization, as well as with third-parties as needed
  • Ability to work independently and closely collaborate with business peers and stakeholders on current and future state objectives
  • Strong & effective communication skills, both written and oral; ability to present to senior leaders, peers, and external partners in a clear and consistent manner, fostering dialogue and helping to drive decisions
  • Strong analytical and organizational skills
  • Knowledge of industry standard supplier management platforms strongly preferred
  • Ability to learn to use new system(s) to support basic functions of the role
  • Embrace diversity and inclusion, and demonstrate commitment to highest ethical standards
  • Pursuit & Completion of higher level professional designations preferred

EOE M/F/D/V

 

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Job Requisition ID: 83069 


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