Marsh & McLennan - Senior Manager - Vendor Management (10-12 yrs)

Mercer India is seeking candidates for the following position based in the Gurgaon office.

What can you expect?

The Senior Manager Vendor Management, is a member of Mercers Vendor Management organization and will have the responsibility for performing governance related activities in support of Mercers vendor management framework.

Key responsibilities include onboarding new vendors and services for Mercer, assisting the business / Vendor Relationship Owners with MMCs required risk assessments, contract support including spend and language negotiations and working with other internal stakeholders.

This role specifically requires an expert understanding of third-party contracting and risk management.

What is in it for you?

- Medical insurance

- Personal Accident insurance

- Group Term life insurance

- Holidays (As per the location)

- Hybrid working environment

- Shared transport (Provided the address falls within the service zone)

- Career development opportunities and access to our internal learning resources and skill

development programs

- Work in an international and energetic environment with a fast pace, exciting, and friendly culture

- Work with interesting emerging technologies such as AI and RPA

We will count on you for:

- Assist in the ongoing maturity and enforcement of Vendor Managements governance model

- Ensure all vendor onboarding activity complies with the company's policies and procedures, educating Vendor Relationship Owners when necessary

- Ensure compliance with the Vendor Management program throughout the vendor life cycle, collaborating with Vendor Relationship Owners to provide guidance and support

- Assess various third-party related risks and the presence or absence of controls to appropriately report, monitor and mitigate in collaboration with various stakeholders

- Negotiates new and existing vendor contracts for favourable pricing and terms, working with Vendor Relationship Owners, Legal, Information Security, Compliance, and others including vendors

- Monitor contractual agreements, collaborating with Vendor Relationship Owners, to assure strategic opportunities are leveraged

- Measures the risk and criticality associated with each new and renewing vendor engagement to determine any required contract components that will help safeguard Mercer

- Maintain an accurate and up-to-date repository of all contracts and vendor details as the department expands into new regions and lines of business

- Communicate guidelines and deadlines clearly between internal partners and external resources on a minimum weekly basis

- Provide stakeholders with actionable insights based on data analysis

- Manage tight deadlines and prioritize workload effectively in a fast-paced environment

- Participate in team discussions to propose process improvement ideas

What you need to have:

- Graduation/post-graduation in any stream

- 10+ years of progressive experience in vendor management and/or contracting with vendors for a global organization

- Knowledge of contracting principles and procedures applicable to pre-award and/or post-award actions pertinent to procurement and/or administration of contracts

- Proficient in contract standards and language and comfortable being able to discuss with Vendor Relationship Owners and legal support staff

- Familiarity with vendor management and governance methodologies

- Experience of working with clients/stakeholders across different geographies

- Experience managing multiple projects at one time, including the ability to plan, assign tasks, and evaluate and report on progress toward objectives

- Must be confident in making and enforcing risk-based decisions

- Proven self-starter with ability to work independently and coordinate with remote teams

- Must have excellent ability to effectively communicate verbally and in writing at all levels

- Critical thinker with a solution driven mind-set

- The ability to lead and manage projects through the full project lifecycle

- Excellent attention to details

- Strong organizational skills, problem solving abilities and able to help Vendor Relationship Owners and other key stakeholders meet tight deadlines for deliverables

- Excellent interpersonal skills and demonstrated ability to work effectively in a team environment

What makes you stand out?

- Formal Project Management experience preferred

- Experience with vendor management and/or contract management software required

- Experience with OneTrust Third Party Risk Management module preferred

- Knowledge of Information Security Standards, Generally Accepted Privacy Practices, Generally Acceptable Audit Standards a plus

- Must possess strong computer skills to utilize Microsoft Tools: Word, Excel, Outlook, SharePoint, and Teams

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being.

Mercers more than 20,000 employees are based in 43 countries and the firm operates in over 130 countries.

Mercer is a business of Marsh McLennan (NYSE: MMC), the worlds leading professional services firm in the areas of risk, strategy and people, with more than 85,000 colleagues and annual revenue of over $23 billion.

Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment.

For more information, visit mercer.com.

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Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment.

We aim to attract and retain the best people and embrace diversity of age, background, caste, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office.

All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week.

Office-based teams will identify at least one anchor day per week on which their full team will be together in person.