Global Markets Division enables our clients to buy and sell financial products, raise funding and manage risk. We make markets and facilitate client transactions in fixed income, equity, currency and commodity products. In addition, we make markets in and clear client transactions on major stock, options and futures exchanges worldwide. Through our global sales force, we maintain relationships with our clients, receiving orders and distributing investment research, trading ideas, market information and analysis.

Role Overview: 

The Vendor Management Associate supports the end-to-end vendor lifecycle, including onboarding, contracting, performance monitoring, and risk management. The Associate partners with internal stakeholders and senior vendor managers to drive effective vendor oversight, reporting, and control execution.

Key Responsibilities:

Contract Management

• Oversee the entire contract lifecycle for Information Technology vendors (software, hardware, and IT professional services), including drafting, review, negotiation, execution, and renewal of vendor agreements.
•  Ensure all contracts align with organizational policies, legal requirements, and business objectives.
• Monitor contract compliance, terms, and conditions, identifying and addressing any deviations or breaches.
•  Maintain a centralized repository of vendor contracts and related documentation.
• Forecast and track vendor budgets and payments

Vendor & Stakeholder Coordination

• Support vendor relationship management activities in partnership with senior team members
• Participate in vendor interactions and help coordinate communication between vendors and internal stakeholders
• Assist in preparation and execution of vendor review meetings, including gathering inputs and tracking follow-ups
• Help drive issue resolution by coordinating across vendors and internal teams

Vendor Risk Management

• Identify, assess, and mitigate potential business risks associated with vendor relationships, including operational, financial, security, data privacy, compliance, and reputational risks.
• Develop and implement vendor risk assessment frameworks and due diligence processes.
• Ensure vendors adhere to the organization's security policies, regulatory requirements, and ethical standards.
• Develop contingency plans and exit strategies for critical vendor services.

Performance Monitoring & Reporting

• Track and report on vendor KPIs, SLAs, and performance metrics
• Forecast and track vendor budgets and payments
• Analyze vendor performance data to highlight trends, issues, and improvement opportunities
• Prepare reports, dashboards, and materials for internal stakeholders and senior management

Required Qualification & Experience:

• Bachelors degree in Business Administration, Supply Chain, Information Technology, Finance, or related field
• Typically 68 years of experience in vendor management, procurement, contract management, or third-party risk management
• Foundational understanding of vendor lifecycle management and third-party risk concepts
• Exposure to technology vendors and IT service delivery models preferred

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world. 

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers. 

Were committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

The Goldman Sachs Group, Inc., 2023. All rights reserved.

Goldman Sachs is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, veterans status, disability, or any other characteristic protected by applicable law.