Vendor Management Director (Remote)
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About The Position
The Vendor Management Director at CareFirst BlueCross BlueShield is a pivotal role responsible for leading the organization's third-party vendor management strategy and execution. This position is crucial in establishing a Vendor Management Office (VMO) that will collaborate with leaders and internal stakeholders across all business units. The Director will ensure that vendor management practices are executed consistently and efficiently, aiming to reduce vendor risk, enhance vendor performance, and maximize the value derived from vendor relationships while also decreasing costs. The role requires a proactive partnership with the business to influence behaviors and drive improvements in vendor management processes. In this capacity, the Director will build and lead the VMO by providing a long-term vision and execution strategies. This includes hiring and training talent, as well as driving initiatives that support the VMO's objectives. The Director will create, maintain, and lead the delivery of policies, standards, procedures, and training strategies that are essential for the sustainability of the VMO. Additionally, the Director will assess existing shadow VMO groups across the enterprise to develop a strategy for future organizational design, roles, and responsibilities. The Director will also provide insights to business units and executive leadership regarding current vendor relationships, including spend analysis, relationship health, and vendor performance metrics. This role involves overseeing the vendor segmentation process to ensure that vendors are classified appropriately based on CareFirst's vendor tiers. The Director will employ strategies to mitigate vendor-related issues and risks, ensuring that the organization maximizes its vendor relationships while minimizing potential risks.
