Senior Manager, Vendor Strategy and Governance

Job Description

Salary Range
: $106,462 - $156,462 - salary will be determined based on the successful candidate's skills, experience and qualifications.

To establish and lead FSRA’s enterprise-wide vendor strategy, governance, and third‑party risk framework, with accountability for vendor performance, contractual value, and alignment to organizational priorities. The role provides strategic oversight and decision‑making authority across all vendor engagements to ensure effective risk management, financial stewardship, and delivery outcomes across all business units and functions at FSRA, supporting enterprise transformation objectives.

• Provides enterprise functional leadership for vendor governance frameworks, standards, and practices across all business units.
• Acts as the central authority and single point of accountability for enterprise vendor governance, performance, and third‑party risk oversight.
• Provides independent challenge and has authority to elevate or halt vendor engagements, vendor selection, performance, cost structures, and contract terms.
• Accountable for corporate vendor risk posture, ensuring alignment with TPRM and ERM frameworks.
• Influences and advises senior leadership and executives on vendor strategy, sourcing decisions, and contractual commitments.
• Ensures consistency and compliance in vendor practices across the organization, with authority to elevate risks, performance concerns, and non‑compliance.
• Leads enterprise vendor governance forums and chairs executive‑level vendor performance reviews.
• Provides corporate oversight of the vendor portfolio, ensuring optimal performance, value realization, and risk mitigation.
• Defines and enforces vendor KPIs, SLAs, and outcome‑based performance measures to ensure measurable business value.

• Directs organizational change initiatives in vendor governance, ensuring clear communication and effective adoption at all levels with a focus on outcomes, accountability, and continuous improvement to maximize business impact.
• Establishes structured performance monitoring through scorecards, governance reviews, and escalation mechanisms.
• Oversees the full vendor management lifecycle, including sourcing, contracting, onboarding, performance evaluation, issue resolution, and off‑boarding, with strict adherence to policies and standards.
• Evaluates vendor cost structures and proposals, providing strategic challenge and financial oversight to ensure value for money.
• Develops and maintains the Enterprise Vendor Management Framework, recommends policy updates to reflect evolving business needs; facilitates cross‑functional training to enhance understanding of vendor management processes across the organization.
• Critically assesses vendor cost and work estimates to ensure alignment with FSRA’s value expectations and budgetary objectives.
• Chairs vendor review meetings, identifying areas for improvement, and collaborating with vendors and internal teams to address issues proactively.
• Establishes mechanisms to gather market intelligence from vendors to inform strategic business decisions.

• Provides governance oversight and strategic direction for all enterprise vendor contracts, ensuring alignment with organizational risk, legal, and financial standards.
• Provides strategic oversight of contract lifecycle management, including negotiation, renewal, and termination decisions.
• Partners with Legal, Procurement, Finance, Cybersecurity, and Privacy to ensure contracts align with enterprise risk, compliance, and financial objectives.
• Ensures all vendor contracts meet regulatory, legal, and operational standards, including data protection, SOC2, insurance, and residency requirements.
• Oversees contract performance and compliance, ensuring alignment with agreed terms and organizational expectations.

• Accountable for oversight of enterprise vendor spend and value realization across the vendor portfolio.
• Drives alignment between vendor strategy and organizational objectives, ensuring vendor investments support long‑term enterprise…