Vendor Management Operations Officer

Bank OZK • Little Rock, AR • 2h ago

Why Bank OZK

Founded on a legacy of more than 120 years in banking, Bank OZK is much more than just a company. We're nationally recognized as an industry leader in financial services. That means we combine exceptional service with innovative technologies to deliver smart solutions to our clients across the country. We're investing in small businesses, fueling economies in local communities and changing skylines in the largest cities across America. Here, we're not simply filling roles. We're fostering even greater careers.

The foundation for a great career starts with an exceptional team and a comprehensive benefits package. We believe in providing our dedicated team members with the best resources to support their physical, mental and financial wellbeing, including generous PTO, 401(k) matching, health, dental, vision (and pet!) insurance as well as special perks and discounts. Learn more about Bank OZK benefits (https://careers.ozk.com/benefits) .

Job Purpose & Scope

Responsible for coordinating mid- to high-spend level contract negotiations for in scope Bank purchases and provides support to leadership in critical negotiations. Collaborates with Third Party Risk Management, Legal, SMEs, and various third-party relationship owners to accomplish work objectives. Engages in coordinating other @types of IS-related contract negotiations on an as needed basis.

Essential Job Functions

Monitors and ensures compliance with established purchasing policies for mid- to high-spend-level contract negotiations.

Provides recommendations to leadership related to impact software negotiations.

Collects, researches, and analyzes data regarding business needs and software.

Negotiates with vendors for the procurement of software and related services to be run in-house or in a third-party hosted environment on a limited basis.

Schedules and leads internal contract negotiation coordination calls with Third Party Risk Management, Legal, and third-party relationship owner(s) to ensure all contract edits have been accounted for and revised, redlined contracts are submitted to vendors.

Collaborates with Legal, TPRM, and third-party relationship owner(s) to review vendor responses to redlined contracts and completes the negotiation process.

Meets with Senior Management to review and discuss contracts.

Prepares reporting of savings generated from negotiation efforts.

Leads vendor Request for Proposal (RFP) processes.

Leads vendor requests for POC contracts as required by Bank OZK Policy.

Research potential software solutions to meet the needs of the business.

Regularly exercises discretion and judgment in the performance of essential job functions.

Follows Bank policy, procedures and guidelines.

Performs other procurement / purchasing duties as assigned.

Knowledge, Skills & Abilities

Knowledge of business contract terms and negotiation practices.

Knowledge of business implication of decisions.

Ability to demonstrate effective negotiating skills.

Ability to communicate effectively both verbally and in writing.

Ability to speak clearly and persuasively in positive and negative situations.

Ability to review and understand complex or diverse information.

Ability to identify and resolve problems in a timely manner.

Ability to multi-task and effectively deal with repeated interruptions.

Ability to develop project plans and execute plans in a timely manner.

Ability to work without close supervision.

Ability to maintain confidentiality.

Ability to work with stringent deadlines.

Ability to maintain accuracy and thoroughness in work.

Skill in using computers and Microsoft Office, including Word, Excel, PowerPoint, and Outlook.

Basic Qualifications

High school diploma or equivalent required; bachelor's degree or commensurate work experience preferred.

Minimum of three (3) years of work experience in purchasing/procurement, including coordination with legal professionals in contract reviews/negotiations, required.

Job Expectations

Operate customary equipment and technology used in a business environment, with or without accommodation.

Note: This description is not an exhaustive list of all job functions, duties, skills, and job standards required. Other job functions, duties, skills, and standards may be added. Management reserves the right to add or change the job requirements at any time.

LI-RV1

EEO Statement

Bank OZK is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.

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