Job Purpose and Scope:
Responsible for coordinating software contract negotiations for Bank software purchases. Collaborates with Third Party Risk Management, Legal, and various third-party relationship owners to accomplish work objectives. Performs overall review of software contracts prior to execution to ensure they include standard required business terms and meet the Bank's needs. Engages in coordinating other types of IS-related contract negotiations on an as needed basis.
Primary Job Functions:
Monitors and ensures compliance with established purchasing policies.
Collects and researches data regarding business needs and software.
Negotiates with vendors for the procurement of software to be run in-house or in a third-party hosted environment.
Schedules and leads internal contract negotiation coordination calls with Third Party Risk Management, Legal, and third-party relationship owner(s) to ensure all contract edits have been accounted for in revised, redlined contracts being submitted to vendors.
Collaborates with Legal and third-party relationship owner(s) to review vendor responses to redlined contracts and completes the negotiation process.
Meets with Senior Management to review and discuss contracts, as necessary.
Prepares reporting of savings generated from negotiation efforts and provides reporting to the CIO.
Participates in vendor RFP processes.
Researches potential software solutions to meet the needs of the business, as needed.
Regularly exercises discretion and judgment in the performance of the other essential job functions.
Maintains good punctuality and attendance to work.
Performs other procurement / purchasing duties as assigned.
Follows Bank policy, procedures and guidelines.
Knowledge, Skills & Abilities:
Knowledge of banking software.
Knowledge of contract terms and negotiation practices.
Strong negotiating skills.
Excellent verbal and written communication skills.
Ability to speak clearly and persuasively in positive and negative situations.
Ability to review and understand complex or diverse information.
Ability to identify and resolve problems in a timely manner.
Ability to multi-task and effectively deal with repeated interruptions.
Ability to develop project plans and execute plans in a timely manner.
Ability to demonstrate leadership.
Ability to work without close supervision.
Ability to maintain confidentiality.
Ability to work with stringent deadlines.
Ability to maintain accuracy and thoroughness in work.
Ability to understand business implication of decisions.
Ability to demonstrate a strong work ethic.
Ability to monitor own work to ensure quality.
Ability to make timely decisions.
Proficient in MS Office, Word, Excel, and PowerPoint.
Equipment Used in Job Performance/Working Environment:
MS Office Applications
Major Job Demands (Physical/Mental):
High school diploma required; Bachelor degree or commensurate work experience preferred.
Minimum of five (5) years' IS purchasing/procurement experience, specifically in regard to negotiating software contracts, required.
Bank OZK is an equal opportunity employer and give consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC. If you have questions determining your veteran status, please visit the following Click Me
Bank Of The Ozarks