Procurement & Vendor Manager at Blend
San Francisco, CA, US

Blend makes the process of getting a loan simpler, faster, and safer. With its industry-leading digital lending platform, Blend helps financial institutions like Wells Fargo and U.S. Bank increase productivity and deliver exceptional customer experiences. The company processes nearly $2 billion in 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 individual to join our Legal & Compliance team who’s motivated to solve hard problems—the more complex the better. As Procurement & Vendor Manager, you’ll have a broad range of responsibilities as you provide subject matter expertise to help build the Procurement & Vendor Management function at Blend. This role is an excellent opportunity for a self-starter to be part of an expanding team, partnering with business stakeholders and risk owners to actively handle risks and generate value that align with Blend’s goals and priorities.

 

Our team helps navigate a growing FinTech company through an evolving and complex financial legal and regulatory environment. Specifically, the Procurement & Vendor Management team supports vendor selection, business terms negotiations and category strategy. The team is responsible for implementing a risk-based approach to vendor lifecycle management, from selection and onboarding through maximizing third-party performance through continuous monitoring and oversight. 

 

RESPONSIBILITIES:

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 (sourcing events), requirements gathering (defining SLAs), vendor performance management and category strategies

Lead all aspects of 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 handle third-party risks

Collaborate with business owners on vendor 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, managing residuals risks and ensuring program compliance

Consistently provide a high level of service through effective communications with a keen sense of urgency

Generate periodic and ad hoc reports, and build dashboards with key metrics for senior management

Maintain and iterate use of our third-party assessment and contract management platforms as central repositories for all vendor-related workflow, metadata, assessments and action items

Support internal and external audit requests

Lead and support ad hoc projects

REQUIREMENTS:

6+ years of procurement, vendor management, consulting, and/or risk management experience in a fast-paced environment

Excellent contract negotiations skills, 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 and creative problem solving to get to “yes”

Masterful at building strong relationships and understanding business needs

Ability to identify risks, propose mitigations and document and escalate risks-

Experience developing and scaling procurement, and vendor management processes and procedures

Strong critical thinking, project management and execution abilities

Experience with various vendor management, contract management and financial accounting platforms

Skilled in building dashboards and generating reports

Comfortable with balancing multiple, competing priorities and changes in scope/direction

Independent, self-starter with adaptive, can-do attitude

Ability to thrive in a fast-paced, technology start-up environment

Potential travel up to 10%

NICE TO HAVES:

Professional accreditation in procurement or sourcing a plus

Experience at a cloud technology or FinTech company

Relevant experience in consumer finance/mortgage space