Business Consultant, Vendor Management (Technology)

Develops, promotes, maintains and manages an assigned business/group vendor management program for the completion of contracts and partnerships with Technology suppliers/service providers.

• Responsible for the negotiation of third-party agreements with specific focus on technology related products and services; coordinates with legal, procurement and other stakeholders as required
• Builds effective relationships with internal/external stakeholders and ensures alignment between stakeholders; includes developing an understanding of technology’s needs and expectations
• Influences and negotiates to achieve objectives; seeks opportunity to minimize costs
• Conducts analysis to inform recommendations; effectively communicate to all managerial levels
• Responsible for onboarding new vendors, including management of the risk assessments, providing sound judgement in the assessment process, acting as a subject matter expert for our technology managers
• Ensures compliance with the Bank’s enterprise third party risk management policy
• Understands the Bank’s risk appetite as it relates to outsourcing and supplier risk
• Provides on-going vendor management support to address quality and legal issues
• Acts as the lead in any vendor dispute that involves legal resolution
• Provides effective reporting to the CIOs and LTOs that will aid in the overall management of their contracts/vendors.
• Reviews draft contracts for risks and key terms, negotiating contractual language with suppliers
• Modifies, renews, terminates contracts as required.
• Responsible for financial forecasts for licensed applications; including validation of actual costs
• In conjunction with Project Managers and Senior Technology Officers, validates that funding is in place; understands financial treatments and provide guidance to managers in completing their forecasts
• Works with peers in overall financial management and risk management
• Broader work or accountabilities may be assigned as needed.

Qualifications:

• University degree/college diploma preferably in business or technology related field of study.
• Past experience working in a technology related project delivery capacity such as business analysis, project management or an operational support function is an asset
• Possess general knowledge of technology infrastructure and business application software specific to Commercial Banking is an asset
• Client management expertise capable of building strong working relationships within a Technology team and other corporate functional areas
• 5+ years of relevant experience in vendor management (SW licenses, vendor hosted services, professional services) and post-secondary degree in related field of study or an equivalent combination of education and experience
• Knowledge of the supplier management life cycle and risk management,
• Verbal & written communication skills - In-depth.
• Collaboration & team skills - In-depth.
• Analytical and problem solving skills - In-depth.
• Influence skills - In-depth.
• Data driven decision making - In-depth.

We’re here to help

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.