Job Description

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.



Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

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At Regions, the Vendor Manager - Business Segment role supports and administers vendor management for a designated area or division. Ensures enterprise-wide needs for due diligence, risk assessment and continuing vendor monitoring are being accomplished and works to assess, address and monitor business impacts of outsourced service relationships.



Primary Responsibilities

Acts a liaison for area/division in partnership with Corporate Procurement to manage vendor relationships associated with outsourced services

Identifies, reports, and tracks vendor third party risk issues and implements remediation plans

Ensures compliance with expectations for due diligence, risk assessment and continuing vendor monitoring are accomplished

Oversees detailed reporting, documentation requirements and processes to ensure accuracy and completeness of vendor-submitted surveys, documents and deliverables

Facilitates contracts renewals in partnership with Business Segment Managers to ensure that contractual service level agreements are in alignment with the needs of the business

Oversees requests for new vendor relationships and the submittal of Third Party Questionnaires (TPQ), in order to effectively assess and address operational, reputational, customer and shareholder impact, information security and privacy risks, process/policies and procedures impact, staff impact, regulatory impact, and potential for financial loss

Manages third-party contract review and execution for business line, in partnership with Corporate Procurement

Facilitates the resolution of escalated vendor-related issues

Reviews exit plans and Service Organization Controls (SOC) reports as part of the TPQ process

Attends Working Group meetings for complex, critical or high-risk vendor relationships

May manage a team or group depending on area/division

Participates in and/or leads, as appropriate, the procurement process with vendors

Manages the governance, procurement and contract-related aspects of the business segment vendors in order to support corporate procurement and vendor management objectives

Communicates, educates and implements a common and consistent approach to vendor management within the business segment

Makes recommendations as appropriate to correct deviations from established standards and objectives

Completes critical vendor managements tasks

May lead the procurement process with vendors



This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.



Requirements

Bachelor's degree and five (5) years vendor management experience

Or High School Diploma and nine (9) years vendor management experience



Skills and Competencies

Ability to manage multiple tasks and projects in a timely manner

Excellent communication, negotiation, and influencing skills

Exceptional organizational, analytical and follow-through skills

Project management skills

Proven ability to build relationships

Strong knowledge of banking and regulations impacting business unit relationships



This position will also work with the business unit's leadership and Regions' Finance to help ensure strategic alignment and accurate management of the MarComm budgets.



This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.



Position Type Full time



Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.



The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$81,644.20 USD

Median:

$103,260.00 USD

Incentive Pay Plans:

This job is not incentive eligible.



Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.



Paid Vacation/Sick Time



401K with Company Match



Medical, Dental and Vision Benefits



Disability Benefits



Health Savings Account



Flexible Spending Account



Life Insurance



Parental Leave



Employee Assistance Program



Associate Volunteer Program



Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.



https://www.regions.com/about-regions/welcome-portal/benefits



Location Details Regions Center

Location:

Birmingham, Alabama



Equal Opportunity Employer/including Disabled/Veterans



Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.