Vendor Management Director

Sumitomo Mitsui Banking • New York, NY

105d • $190,000 - $210,000 • Hybrid

About The Position

SMBC is seeking a strategic and experienced Director of Vendor Management to lead third-party vendor oversight for the Cash Management business. This role is critical in ensuring that vendor relationships align with business goals, regulatory requirements, and risk management standards. The ideal candidate will bring deep expertise in vendor governance, contract negotiation, performance monitoring, and cross-functional collaboration.

Requirements

• Bachelor's degree in Business, Finance, Supply Chain, or related field; MBA or relevant certification (e.g., CTP, CPM, CRVPM) preferred.
• 10+ years of experience in vendor management, procurement, or third-party risk management, preferably within financial services.
• Strong understanding of cash management products and services.
• Proven experience in contract negotiation, vendor performance management, and regulatory compliance.
• Excellent communication, negotiation, and stakeholder management skills.
• Ability to lead cross-functional initiatives and drive strategic outcomes.

Responsibilities

• Develop and implement a comprehensive vendor management strategy for the Cash Management business.
• Establish governance frameworks to ensure compliance with internal policies and regulatory requirements.
• Serve as the primary point of contact for all third-party vendors supporting Cash Management services.
• Build and maintain strong relationships with key vendors to ensure service quality, innovation, and value delivery.
• Facilitate regular performance reviews, business reviews, and strategic planning sessions with vendors.
• Lead contract negotiations, renewals, and amendments in collaboration with Legal, Compliance, and Procurement teams.
• Monitor vendor risk, including operational, financial, and reputational risks, and implement mitigation strategies.
• Ensure vendors meet service level agreements (SLAs), key performance indicators (KPIs), and regulatory obligations.
• Partner with internal stakeholders including Technology, Operations, Risk, Compliance, and Finance to align vendor services with business needs.
• Support audits, regulatory exams, and internal reporting related to vendor oversight.
• Identify opportunities for cost optimization, process improvement, and innovation through vendor partnerships.
• Stay abreast of industry trends, regulatory changes, and best practices in vendor management and cash management services.

Benefits

• Competitive salary range between $190,000.00 and $210,000.00.
• Annual discretionary incentive award.
• Comprehensive benefits portfolio.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees