Deputy Manager - Vendor Manager for Bank of Baroda

Job Title: Vendor Manager (Deputy Manager Grade) for Bank of Baroda

Position Level:

Number of Positions:

Age Limit:

Educational Qualifications

• Minimum:

  Graduation in any discipline from a University/Institution recognized by the Government of India, Government bodies, or AICTE.

• Preferred:

  Post Graduate Diploma or MBA in any discipline.

Experience Requirements

• Total Experience:

  Minimum

  5 years

  of cumulative experience in one or more of the following sectors:
• Banking
• NBFC (Non-Banking Financial Companies)
• Financial Services
• Financial Institutions
• Insurance Industry
• Financial Intermediaries
• Financial Allied Industries

• Specific Experience:

  At least

  2 years of experience in vendor management processes

  in any of the above-mentioned industries.

Job Role & Responsibilities

• Manage end-to-end vendor lifecycle including onboarding, due diligence, evaluation, performance monitoring, and contract renewal/termination.
• Ensure compliance with regulatory guidelines, internal procurement policies, and risk management frameworks.
• Coordinate with internal stakeholders (Operations, IT, Legal, Compliance, Finance, etc.) for vendor selection, performance review, and issue resolution.
• Maintain and update vendor databases, contract repositories, SLAs, and documentation.
• Monitor vendor performance against agreed SLAs, KPIs, and risk parameters, ensuring timely escalation of deviations.
• Conduct periodic vendor audits and risk assessments in coordination with relevant teams.
• Support negotiation of contracts, pricing, and service terms to optimize cost and service quality.
• Prepare and present vendor performance reports, dashboards, and MIS for senior management.
• Assist in developing vendor management frameworks, policies, and best practices.
• Drive process improvements to enhance vendor efficiency, compliance, and cost-effectiveness.

Skills & Competencies

• Strong understanding of vendor management processes, procurement norms, and regulatory requirements.
• Excellent negotiation, communication, and stakeholder management skills.
• Analytical mindset with ability to assess vendor risks, performance data, and compliance issues.
• Proficiency in maintaining contracts, documentation, and vendor-related reporting.
• Strong organizational and multitasking abilities with attention to detail.