Blend helps lenders maximize their digital agility. Our digital lending platform is used by Wells Fargo, U.S. Bank, and other leading financial institutions to increase customer acquisition, improve productivity, and accelerate the delivery of any banking product across every channel. We process more than $3.5 billion in mortgages and consumer loans daily, helping millions of consumers get into homes and gain access to the capital they need to lead better lives.
Blend is looking for a dynamic, self-starter to join the Vendor Management team. As Strategic Sourcing Manager, you’ll provide subject matter expertise, business acumen and negotiation skills to facilitate selection and onboarding of third-party service providers. This strategic sourcing role is an excellent opportunity to drive impact across Blend and be part of an expanding team and Vendor Management program. You will be tasked with developing cross-functional strategic relationships to evaluate business requirements and cost optimization, as well as collaborate with risk stakeholders to implement a risk-based approach to onboarding third parties and guiding vendor lifecycle management.
How you'll contribute:
- Review commercial agreements and lead business term negotiations to drive value and efficiencies across the organization
- Act as a trusted consultant to business owners in vendor selection, requirements gathering and vendor performance management
- Oversee vendor onboarding activities including planning, inherent risk assessment and initial due diligence
- Partner cross-functionally with Legal, Compliance, Finance, Security, IT, and other risk stakeholders to identify, mitigate and manage third-party risks
- Guide business owners on oversight and monitoring activities, including QBRs, annual reviews, onsite visits, vendor scorecards and performance surveys
- Lead continuous improvement efforts such as vendor rationalization, optimizing existing relationships, mitigating residuals risks and ensuring program compliance
- Power through workflows with effective communications and keen sense of urgency
- Generate periodic and ad hoc reports, and create dashboards with key metrics
Who you are:
- 5+ years of procurement, vendor management, consulting, and/or risk management experience in a fast-paced environment
- Contract negotiations expertise, including understanding key commercial terms, issue spotting and developing robust SLAs
- Strategic sourcing experience across technology and non-technology categories
- Skilled at defining, influencing and driving procurement category strategies
- Outstanding business acumen
- Strong critical thinking, project management and execution abilities
- Skilled at building dashboards and generating reports
- Ability to work independently and adaptively, and take initiative to resolve challenges
Bonus Points!
- Relevant financial services or Fintech experience
- Familiarity with OCC 2013-19 “Third-Party Relationships: Risk Management Guidance,” Enterprise Risk, Information Security and Privacy programs and regulations
Benefits and Perks:
- Meaningful equity and a 401(k) plan
- Comprehensive health benefits
- Wellness benefits covering a variety of wellness activities, fitness classes, fitness equipment and more
- Stipends for work from home setup, internet, and meals
- Company-wide mental health days
- Weekly remote all hands
- Flexible work schedule, with open vacation policy
- 16 weeks of paid parental leave
Blend is an equal opportunity employer that values diversity, inclusion and belonging. We do not discriminate on the basis of race, religion, color, national origin, gender, gender identity or expression, sexual orientation, age, marital status, veteran status disability status, or any other characteristic protected by law. We will consider for employment all qualified applicants with arrest and conviction records in a manner consistent with applicable law, including the San Francisco Fair Chance Ordinance.
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