Vice President Vendor Strategy

Full-time - Executive

Hybrid - Boston, MA

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Vice President, Vendor Strategy is a pivotal role responsible for shaping the strategic direction of vendor engagement from onboarding through the duration of relationships. This position involves developing vendor segmentation, reporting, and governance routines to facilitate vendor decision-making across the enterprise. The role requires collaboration with various teams, including Procurement and Vendor Risk, to drive both strategic and tactical initiatives, while also preparing executive-level updates and fostering critical thinking and analysis.

Responsibilities

• Develop dynamic vendor segmentation to drive appropriate rigor over vendor decisions.
• Establish standards and guidelines for new vendor engagements and manage ongoing vendor relationships.
• Evaluate vendor 'strategic fit' as part of the vendor evaluation process.
• Revisit roles & responsibilities, engagement routines, and escalation paths.
• Create, maintain, and operationalize comprehensive executive-level vendor reporting.
• Prepare materials for executive discussions on vendor strategy.
• Lead communications with key business leaders on relevant vendor topics.

Requirements

• Significant strategy and consulting experience, preferably with a top-tier consulting firm.
• Multiple years of experience in project management and client counseling.
• Interest or experience in the financial services industry.
• Outstanding analytical, communication, conceptual thinking, project management, and problem-solving skills.
• Experience in vendor management, strategic sourcing, and vendor risk is a plus.

Nice-to-haves

• Experience with several business units at Fidelity is a plus.
• Ability to synthesize analysis and research into strategic insights and practical recommendations.
• Proficient in quantifying challenges and requirements related to execution.

Benefits

• Flexible benefits that support career stages.
• Recognition as a top 10 Best Place to Work in 2024 by Glassdoor.
• Opportunities for learning and career development.