Client Vendor Manager and operations are crucial for its success as a global financial institution. Heres a breakdown of jobs aspects:
1. Importance of Suppliers:
- Client relies on suppliers for various products and services to support its operations and client service delivery.
- Developing strong supplier relationships is vital for continuous improvement in performance and market position.
2. Supplier Code of Conduct:
- Client has a Supplier Code of Conduct outlining basic expectations for suppliers emphasizing ethical standards responsible business practices and adhering to laws and regulations.
- Suppliers are expected to prioritize quality innovation performance and cost-effectiveness.
3. Risk Management:
- Client considers risk management as a crucial aspect of its operations and overall strategy.
- It has a modest appetite for risk and emphasizes managing outsourced arrangements to ensure seamless service delivery.
- They manage potential risks through a structured due diligence process ongoing monitoring and business continuity testing where appropriate.
4. Technology Risk:
- Outsourcing critical and sensitive functions presents additional risk especially concerning data protection.
5. Third-Party Risk Management:
- Client has a program to manage risks associated with third-party providers including performing risk assessments evaluating control effectiveness and analyzing third-party risk data.
- This includes managing adherence to contract requirements SLAs and governance.