Truist Financial-posted 6 months ago
Full-time
Remote • Alafaya, FL
Credit Intermediation and Related Activities

This role can work remote within Truist footprint. Centralized Service Manager will ensure day-to-day oversight and management of assigned vendors who provide Truist Consumer Lending with outsourced services and applications. Facilitate the completion of vendor risk assessments, contract review/structuring, due diligence and fourth party oversight for assigned vendors with the understanding of the Business units sourcing strategy. Coordinate and work with Division aligned support to ensure all managed services follow Third-Party Risk Management Standards and Policies. Serve as a single point of supplier coordination and communication of activities and recommendations to management, Third-Party Risk Operations Function, and Supplier Service Management. Manage relationship within the business unit and with the vendor to improve risk, cost, quality, and ease of doing business across the business unit. Serves as the subject matter expert on both Third-Party Risk Management requirements and managed services. Responsibility may include managing medium to large/complex or high-risk relationships and projects without oversight. Drives process improvement initiatives.

  • Identify and manage vendor risks per the Third-Party Risk Management policy and guidelines.
  • Facilitate sourcing requests on behalf of the business unit, which may be spend in excess of $100mm.
  • Assist with negotiations, and decision making in Contracts, Master Agreements, and/or Statement of Work.
  • Operate and deliver results in a highly matrixed, integrated environment.
  • Engage with the Business Unit to understand the scope of services including business and performance requirements to be fulfilled by the Supplier.
  • Establish measurable supplier performance metrics.
  • Engage with the Business to conduct ongoing monitoring responsibilities, business reviews with the Third Parties, and communicate overall relationship health and vendor performance.
  • Develop and effectively execute on vendor contingency and termination/transition plans.
  • Ensure contract compliance and proper invoicing for documented terms and conditions.
  • Monitor third party service relationships to manage risk, ensure quality of service delivery, internal client satisfaction, operational efficiencies, and achievement of target cost savings.
  • Serve as vendor escalation point for vendor issues/risks.
  • Address actions required per Third-Party Risk Operating Function (TPROF) assessment, Quality Control, and testing results.
  • Report and escalate regulatory issues through both internal management and Third-Party Risk Operating Function (TPROF).
  • Assist in providing audit responses (internal/external) related to scope of responsibility, in coordination with Third-Party Risk Operating Function (TPROF).
  • College degree or equivalent work experience.
  • Five years of experience in business functions or relevant experience in vendor management, risk oversight, sourcing, procurement, supply chain, materials management, or equivalent.
  • Strong relationship management skills.
  • Presentation skills.
  • Strong communication skills, both written and verbal; experience communicating frequently with executive management.
  • Flexibility to adapt to the needs of various projects and cultures.
  • Vendor management and procurement experience.
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
  • Five years production support or service delivery, or management or banking operations and/or retail banking experience.
  • Mortgage or Consumer Lending Industry Experience.
  • Experience with management of third-party suppliers, onshore and offshore.
  • Experience with SAP Ariba, RSA Archer, and SharePoint.
  • Medical, dental, vision, life insurance, disability, accidental death and dismemberment.
  • Tax-preferred savings accounts.
  • 401k plan.
  • No less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during the first year of employment.
  • 10 sick days (also prorated).
  • Paid holidays.
  • Defined benefit pension plan, restricted stock units, and/or a deferred compensation plan may be available.
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