Capital One Principal VRM Specialist in Muntinlupa, Philippines

Alabang (96050), Philippines, Muntinlupa City, National Capital Region (Manila)

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Principal VRM Specialist

MAJOR RESPONSIBILITIES:

• Manage suppliers

• Stakeholder management

• Drive business changes through the supplier level

• Work on projects to reduce cost and drive positive customer experience

• Contract negotiations

• Project management

• Manage potential risk with suppliers

• Change management

• Performs supplier communications, supplier inquiries and related due diligence

• Monitor supplier performance and resolution of issues

• Resolve issues quickly

• Know when and how to escalate issues internally and externally

• Document thoroughly to avoid miscommunication

• State problems directly to the vendor in a professional manner

• Know the organization’s requirements and communicate those requirements to the vendor

• Seek out information and understand the vendor’s organization

JOB SPECIFICATIONS/QUALIFICATIONS

Educational Background:

• Bachelor’s Degree in Economics, Business or Procurement

• Masteral or MBA is a plus

Professional Experience:

• 5 years of experience in Procurement and contract work at a Fortune 500 company

• 3 years of experience in Contracts Management

• 3 years of experience in General Sourcing/Supplier Selection

• 3 years of experience in Managing Suppliers or Outsourcing Work

• 3 years of experience in Project Management

Skills Required:

• Advance negotiation skills especially contract negotiations

• Expert in contract negotiations

• Excellent communication skills