Vice President, Vendor Management

First Technology Federal Credit Union • Hillsboro, OR

16d • Hybrid

About The Position

The Vice President of Vendor Management will lead the enterprise-wide strategy and centralized execution for overseeing the full vendor life-cycle - from sourcing, contract negotiation to on-boarding, performance management, renewal, and off-boarding. This role is central to driving a unified vendor management model that enhances operational efficiency, reduces risk, controls costs, and aligns with organizational goals. The VP will foster a builder mindset, creating scalable processes, systems, and governance frameworks while promoting cross-functional collaboration to embed vendor management as a strategic driver of growth. Here's what you can expect from the job and what you need to be successful:

Requirements

• 10+ years in vendor management, procurement, strategic sourcing, or supply chain leadership.
• Proven success in building and scaling centralized vendor management functions across complex organizations.
• Demonstrated leadership in enterprise-wide transformation, including mergers, acquisitions, and integration.
• Strong understanding of contract law, third-party risk, procurement best practices, and regulatory compliance.
• Experience in vendor spend analysis, performance metrics, and strategic planning.
• Demonstrated ability to make sound, data-driven decisions balancing strategic priorities with operational realities.
• Familiarity with vendor management systems (e.g., VMS, CLM) and integration with finance, legal, and procurement platforms.
• Experience leveraging automation, analytics, and dashboards for vendor performance and reporting.
• Exceptional communication skills and ability to influence cross-functional teams and executive leadership.
• Proven track record of navigating complex stakeholder relationships, resolving conflicts, and fostering alignment.
• Knowledge of data privacy, audit requirements, and compliance frameworks.
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook/Teams).
• Relevant certifications preferred: CSCP, CPSM, CTPRP, PROSCI.
• Minimum Education: Bachelor’s degree (advanced degrees preferred) related to Vendor Management or related field or 4 additional years of relevant experience in lieu of a degree.
• Required Experience: 10+ years of progressive leadership experience in vendor management or related field including 10 years as a people leader.

Nice To Haves

• Experience in financial services or other regulated industries preferred.
• Juris Doctor (JD) preferred but not required.

Responsibilities

• Serve as the executive sponsor for vendor strategy, ensuring alignment with enterprise goals, transformation initiatives, and merger integration milestones.
• Architect and implement a centralized Vendor Management Office (VMO), integrating procurement, sourcing, on-boarding/off-boarding, performance monitoring, and contract administration.
• Align vendor strategy with digital modernization and operational restructuring efforts.
• Lead change management to embed vendor management practices across departments and ensure adoption of centralized processes.
• Champion a builder mindset by designing scalable processes, systems, and playbooks for enterprise-wide vendor management.
• Oversee a high-performing team responsible for the full vendor life cycle: selection, on-boarding, performance monitoring, renewal, renegotiation, and off-boarding.
• Establish and maintain sound vendor management monitoring and oversight (e.g., vendor scorecards, KPIs, and dashboards) to track performance, compliance, and value delivery.
• Collaborate with Legal, Risk, and Compliance teams to ensure vendor activities meet regulatory, privacy, and internal control standards.
• Monitor risk triggers (e.g., license true-ups, audit clauses) and proactively mitigate exposure.
• Ensure timely and compliant execution of all contracts, coordinating with internal stakeholders for reviews and approvals.
• Lead efforts to consolidate vendors and repaper contracts to reduce redundancy and improve leverage.
• Own the vendor management budget and report on cost savings, ROI, and value realization.
• Drive strategic sourcing, cost optimization, and supplier innovation.
• Support RFP/RFI/RFQ processes and vendor negotiations in alignment with organizational standards and budgets.
• Develop strategic partnerships with key vendors to foster innovation and long-term value creation.
• Oversee the selection and implementation of vendor management systems (e.g., VMS, CLM platforms) to automate workflows and enhance visibility.
• Ensure system integration with IT, finance, and legal platforms for seamless life-cycle management.
• Promote continuous improvement through technology, automation, and data analytics.
• Provide regular updates to executive leadership and the board on vendor performance, risk exposure, cost efficiency, and strategic value.
• Develop executive dashboards and reporting frameworks to support enterprise decision-making.
• Lead vendor due diligence and integration planning for mergers, acquisitions, and divestitures

Benefits

• Traditional medical, dental, and vision coverage
• 401K matching up to 5% per pay period
• 11 paid federal holidays
• Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility for special employee pricing is subject to standard account requirements and underwriting criteria)

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Number of Employees: 1,001-5,000 employees