Vendor Risk Management Jobs in Pennsylvania

JOB SUMMARY

This role leads a team responsible for the strategic design, execution, and operational oversight of vendor partnerships within a specific business area. The incumbent will ensure that these strategic partnerships deliver on their intended value proposition, including improved delivery models and capabilities, for senior leadership. Additionally, this position will support external client contracting activities.

ESSENTIAL RESPONSIBILITIES

• Perform management responsibilities to include, but are not limited to: involved in hiring and termination decisions, coaching and development, rewards and recognition, performance management and staff productivity. Plan, organize, staff, direct and control the day-to-day operations of the department; develop and implement policies and programs as necessary; may have budgetary responsibility and authority.
• Facilitate the planning and organization of strategic vendor partnerships in the business. Direct and oversee that the strategic vendor partnership strategy is aligned to multiple variables and integration to larger business strategy. Support development and execution of strategic vendor partnerships including SOWs, SLAs, KPIs and strategic planning.
• Lead innovation forums with strategic vendor partners for growth opportunities and multi-partner innovation forums for best in class innovation sharing. Work with senior leadership and matrix partners to identify risks and create actionable plans to mitigate those risks to ensure realization of outcomes.
• Direct the development of partnership selection process including standardized RFP procedures and accountable stakeholders for sign-off. Direct the development and deployment of strategic vendor partnership implementation including data integration, document processes, communicating capabilities to matrixed partners.
• Direct the performance management of strategic vendor partnerships including management of KPIs that roll to PGs/SLAs and governance procedures to support CAP management. Conduct monthly/quarterly meetings with senior leadership to review strategic performance and support adjustment of strategy.
• Support regulatory and compliance strategy and oversight related to strategic partnerships.
• Other duties as assigned or requested.

Education

Required

• Bachelor's Degree

Substitution

• 6 years of vendor partnership management experience in lieu of degree

Preferred

• Master's Degree in Business Administration/Management

LICENSES OR CERTIFICATIONS

Required

• None

Preferred

• None

Experience

Required

• 5 - 7 years of Strategic Planning experience and 3 - 5 years of Project Management experience, to include 5 - 7 years of Management experience

Preferred

• 3 - 5 years of Finance, Program Management, and/or Healthcare Industry experience

SKILLS

• Vendor Management
• Vendor Relationships
• Strategic Thinking
• Financial Analysis
• Building and Leading Teams
• Budget Management
• Written & Oral Presentation Skills
• Leading Change
• Process Improvement
• Problem Solving & Decision Making

Language requirements (other than English)

None

Travel Required

0% - 25%

PHYSICAL, MENTAL DEMANDS, AND WORKING CONDITIONS

Position Type
Office-Based

Teaches / trains others regularly
Frequently

Travel regularly from the office to various work sites or from site-to-site
Rarely

Works primarily out-of-the office selling products/services (sales employees)
Never

Physical work site required
Yes

Lifting: up to 10 pounds
Constantly

Lifting: 10 to 25 pounds
Occasionally

Lifting: 25 to 50 pounds
Rarely

Disclaimer: The job description has been designed to indicate the general nature and essential duties and responsibilities of work performed by employees within this job title. It may not contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees to do this job.

Compliance Requirement: This job adheres to the ethical and legal standards and behavioral expectations as set forth in the code of business conduct and company policies.

As a component of job responsibilities, employees may have access to covered information, cardholder data, or other confidential customer information that must be protected at all times. In connection with this, all employees must comply with both the Health Insurance Portability Accountability Act of 1996 (HIPAA) as described in the Notice of Privacy Practices and Privacy Policies and Procedures as well as all data security guidelines established within the Company’s Handbook of Privacy Policies and Practices and Information Security Policy. Furthermore, it is every employee’s responsibility to comply with the company’s Code of Business Conduct. This includes but is not limited to adherence to applicable federal and state laws, rules, and regulations as well as company policies and training requirements.

Pay Range Minimum:

$129,100.00

Pay Range Maximum:

$214,500.00

Base pay is determined by a variety of factors including a candidate’s qualifications, experience, and expected contributions, as well as internal peer equity, market, and business considerations. The displayed salary range does not reflect any geographic differential Highmark may apply for certain locations based upon comparative markets.

Highmark Health and its affiliates prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on any category protected by applicable federal, state, or local law.

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