Funke U.
Head of Outsourcing and Vendor Management at EFG Private Bank- Claim this Profile
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Bio
Credentials
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MCIPS
CIPS - The Chartered Institute of Procurement & Supply
Experience
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EFG Private Bank
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United Kingdom
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Banking
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300 - 400 Employee
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Head of Outsourcing and Vendor Management
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Jul 2022 - Present
• Reporting to the COO office and responsible for managing the outsourcing framework to deliver and develop client and commercial outcomes through the delivery of multiple operational processes, managing outsourced service providers and ensuring that our partners deliver for EFG Private Bank. • Ownership for the delivery of the contractual obligations between EFG Private Bank and all relevant outsourced suppliers (intra-group and third parties) ensuring that processes and services delivered are focused to achieve good client and commercial outcomes • Ensuring that the bank is compliant with all applicable Outsourcing regulations • Providing advice and support regarding Outsourcing and the Third-Party Supplier Management process to the Front Office, Senior Management, Operations and Compliance across our locations in UK, Jersey, Cyprus and Switzerland (group) Show less
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The Ardonagh Group
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United Kingdom
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Insurance
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300 - 400 Employee
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Lead Supplier Relationship Manager
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Mar 2019 - Jun 2022
Establish and implement the supplier management framework, governance and controls Own and develop key IT supplier relationships with the BPO and strategic suppliers Reporting to the IT Director and working closely with procurement, legal, finance and the business to drive the fulfilment of supplier services. Leadership and team management responsibilities Stakeholder management Negotiations, performance and contracts management Main point of contact for queries, issues and escalations. Show less
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M&G Investments
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United Kingdom
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Financial Services
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700 & Above Employee
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Vendor Manager
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May 2017 - Nov 2018
• Monitoring and reporting on the performance of material vendors to ensure delivery is in line with obligations, performance metrics and business requirements • Drive the end to end contract strategy including contract drafting, negotiation and sign off as well as day to day contracts management • Running supplier meetings while owning and managing the relationship for key vendors • Negotiating and putting in place contractual agreements, renewals, work orders, contract change control, as well as initiate and agree contract variations and amendments • Constantly driving for process improvement and value for money, reporting cost savings • Point of contact for vendor management within the Organisation covering all aspects of IT software, Professional services and cloud services Show less
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Transport for London
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United Kingdom
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Non-profit Organizations
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700 & Above Employee
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Contract Manager
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Aug 2015 - May 2016
Managed TFL’s mobile and telephony agreement, building effective internal and supplier relationships, negotiations and driving cashable savings, point of contact for contract queries, payments, escalations as well as contract review Managed TFL’s mobile and telephony agreement, building effective internal and supplier relationships, negotiations and driving cashable savings, point of contact for contract queries, payments, escalations as well as contract review
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London Business School
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United Kingdom
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Higher Education
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700 & Above Employee
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IT Purchasing Manager
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May 2014 - Aug 2015
New Contracts Management role reporting to the IT Director to support his vision and the senior IT stakeholders in developing strategy and supplier governance. Develop role with relevant framework to negotiate, manage and administer procurement and supplier contracts for technology spend on services and products across IT New Contracts Management role reporting to the IT Director to support his vision and the senior IT stakeholders in developing strategy and supplier governance. Develop role with relevant framework to negotiate, manage and administer procurement and supplier contracts for technology spend on services and products across IT
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Financial Conduct Authority
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United Kingdom
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Financial Services
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700 & Above Employee
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Supplier Relationship Manager
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Jan 2012 - Jan 2013
Managing the key IT outsourced supplier to the contract to drive and deliver best value for the organisation. Ensuring that Work Orders and contractual changes conform to the Framework Agreement and minimise risk to the FSA. First point of contact for managing supplier risks, issues and escalations. Relationship Management responsibilities including Service level management, contractual negotiations Managing the key IT outsourced supplier to the contract to drive and deliver best value for the organisation. Ensuring that Work Orders and contractual changes conform to the Framework Agreement and minimise risk to the FSA. First point of contact for managing supplier risks, issues and escalations. Relationship Management responsibilities including Service level management, contractual negotiations
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State of Flux
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United Kingdom
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Business Consulting and Services
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1 - 100 Employee
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Procurement Consultant
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Feb 2009 - Dec 2011
Worked as a consultant to various FTSE 100 companies including: BG Group – IT Strategic Sourcing Lloyds; Vodafone and British American Tobacco – Project managed the implementation of Supplier Management systems and processes Barclays Capital - IT Hardware eAuction Wales & West Utilities - Spend Analysis Exposure to eProcurement systems including Ariba, SAP, Synetrade etc Short term contract: Supply market analysis to inform the development of an appropriate sourcing strategy for procurement projects relating to venue and infrastructure for the London Olympics. Working with diverse stakeholders and functional areas to develop effective Invitation to Tender documents, prepare scoring matrices to assess the tender responses and ensure an appropriate and auditable supplier selection process. Effective use of eTendering system – Bravo Show less
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Education
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CIPS - The Chartered Institute of Procurement & Supply
MCIPS, MCIPS -
2006 - 2007
University of Greenwich
MSc, International Banking & Finance -
2000 - 2004
University of Lagos
BSc, Accountancy
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