Job Description

Use Your Strengths at Wellmark as a Vendor Risk Manager!

As the Vendor Risk Manager, you will be responsible for developing, overseeing, and maintaining vendor risk and relationships in collaboration with internal and external parties. This position will have accountability for corporate risk mitigation oversight over assigned Wellmark vendors including, but not limited to, overseeing contractual compliance, building positive relationships with vendor contacts, monitoring and reporting, as well as measuring vendor performance. You will collaborate and consult with business stakeholders seeking input and participate in the vendor management process. You will also assist with managing and monitoring vendors covered by government programs and/or regulatory bodies. 

Ideal candidates have at least two years of experience managing relationships and a minimum of one year of experience serving in a procurement or contract administration capacity. You exhibit a global/strategic mindset with a demonstrated history of maintaining collaborative and high-performance relationships. To be successful in this role, you will be expected to think proactively, operate with a sense of urgency, and possess the ability to influence others without authority. If this sounds like you, apply today!

Qualifications

Required:

• Bachelor’s Degree in related field or direct and applicable work experience in insurance, financial services, banking, or another heavily regulated industry.
• Minimum of 2 years’ experience managing relationships; such as vendor management, account management and/or risk management, including conducting initial and ongoing vendor due diligence, risk assessments, and recommending risk mitigation strategies in accordance with company policies and procedures.
• Minimum of 1-year of Procurement and Contract Administration experience.
• Strong collaboration and interpersonal skills with the ability to quickly build relationships focused on collaboration and trust.
• Must exhibit a risk management mindset, one focused on overall risk assessments with the ability to recommend risk mitigation strategies
• Ability to solve problems, develop solutions and assist the business leaders in achieving their financial and performance goals and objectives. Demonstrated ability to develop and maintain high-performance relationships with internal and external stakeholders and customers.
• Possess excellent written and oral communication skills and be a self-starter.
• Must show an ability to effectively establish thriving working relationships with all stakeholders, both internally and externally.
• Demonstrated ability to influence without authority and communicate upward and across divisions.
• Ability to think strategically and pro-actively partners with the business to drive results.
• Must be self-motivated and have a sense of urgency, with the ability to see what needs to be done and take action to ensure successful and timely accomplishments of business needs.
• Proficient in Microsoft Office (Word, Excel, and Power Point)
• Flexibility to work within a complex organization and the ability to partner with all levels in the business.
• Prior experience creating and defining processes and developing metrics to measure impact.
• Proficient in Microsoft Office (Word, Excel, and Power Point)

Preferred:

• Bachelor’s Degree
• Prior experience in Health Insurance