Vendor Management Specialist

Responsibilities

Business Partnering

• Act as the point of contact for business engagement related to portfolio of contracts/vendors under management and act as interface to GPVM for queries from the business.
• Manage and process sourcing requests in line with policy and the divisional third-party strategy.
• Provide reporting and insights across the vendor engagements and across the elements of vendor management.

Vendor Governance & Performance

• For assigned portfolio of vendors, manage vendor governance activities, coordinating structured engagements with vendors and internal stakeholders to ensure alignment, transparency, and timely decision making.
• Maintain end-to-end visibility of all contracts in scope, ensuring a holistic overview of vendor performance and delivery and identifying opportunities for continuous improvement/innovation.
• Manage regular vendor governance and performance reviews, leveraging defined KPIs, SLAs, and ESG scoring to assess delivery quality, risk exposure, and value realization.

Commercial Contract Management

• Own and oversee contractual compliance by DB and third-party vendors for assigned contracts, ensuring obligations are continuously monitored, documented, and enforced throughout the contract lifecycle.
• Draft, negotiate and manage contractual changes and terminations for in-scope agreements in a structured and timely manner, ensuring continuity of service and protection of DB’s commercial and legal interests.
• Support the resolution of contractual issues and contractual disputes, supporting negotiations with counterparties and engaging with the relevant DB functions such as Legal and Strategic Procurement to resolve, minimizing financial, operational, and reputational risk for DB.
• Conduct periodic contract and commercial reviews to confirm that vendor delivery remains aligned with agreed commercial terms, business demand, and the approved sourcing strategy.

Risk Management & Compliance

• Support the remediation of in-scope supplier related audit findings and resolution of in-scope third-party risk issues where applicable.
• Ensure that applicable third-party risk, compliance, and ESG requirements are embedded into contractual documentation and reflected in ongoing governance and monitoring activities.
• Manage the proactive remediation, corrective action plans, and consequence management in response to contractual, performance, risk, or ESG noncompliance, ensuring issues are addressed at root cause level.
• Provide visibility and reporting of risk management activity.

Skills

• Experience in Financial Services or a large corporate environment with a good understanding of vendor management across the entire vendor lifecycle preferred
• At least 3 years of experience in vendor management with -demonstrable skills and understanding across contract and commercial management, issue and dispute management, risk management, service performance management, supplier governance
• Good stakeholder management and influencing skills
• Good commercial awareness and understanding of different types of commercial models and how to implement and manage against them
• Strong financial understanding
• Ability to negotiate and draft commercial and contract terms and changes to those terms on Statements of Work is essential
• Knowledge and exposure of sourcing process, RFI, RFP and contract lifecycle
• Strong analytical skills to analyze trends, data, spend and measure and drive improved vendor performance (SLAs, KPIs, KRIs) and internal business discipline
• Ability to leverage data to deliver reporting and insights to inform business decisions
• Experience in driving continuous improvement /innovation
• Legal understanding preferred
• Project management understanding preferred
• Business Fluency in English required
• Capacity to effectively operate in ambiguous situations.
• Demonstrates initiative and works effectively with minimal supervision
• Experience of using Digital Procurement tools such as SAP Ariba, Coupa and digital contract workplaces preferred
• AI skills an advantage

Well-being & Benefits:

Emotionally and mentally balanced: We support you in maintaining good mental health.

• Empowering managers who value your ideas and decisions. Show your positive attitude, determination, and open-mindedness.
• A professional, passionate, and fun workplace.
• A modern office with fun and relaxing areas to boost creativity.
• Continuous learning culture with coaching and support from team experts.
• A culture where you can openly speak about mental health.

Physically thriving: We support you managing your physical health by taking appropriate preventive measures and providing a workplace that helps you thrive. For example, Private healthcare and life insurance with premium benefits for you and discounts for your loved ones, healthier ways of working and check-up's.

Socially connected: We strongly believe in collaboration, inclusion and feeling connected to open up new perspectives and strengthen your self-confidence and well-being.

• 24 days holiday, loyalty days, and bank holidays (including weekdays for weekend bank holidays).
• Hybrid working model with flexible working options
• Enjoy retailer discounts, cultural and CSR activities, workshops, and more.

Financially secure: We support you to meet personal financial goals during your active career and for the future.

• Competitive income, performance-based promotions, and a sense of purpose.
• Meal vouchers, bonuses for referrals.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.