Policy, Program and Procedures

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  • 1.  VM Program, Roles, and Reporting Lines

    This message was posted by a user wishing to remain anonymous
    Posted 12-02-2024 02:11 PM
    This message was posted by a user wishing to remain anonymous

    Hello fellow TPRM professionals,

    I am from a CU of about $2B in asset size. We do not have an established procurement program (no staff), just a policy. VM reports to the VP of IT and is classified as a specialist. The VM program is somewhat new to the org as I was hired two years ago to develop the program. I am hoping to get answers to the following:

    Current Asset Size:

    Where does VM reside within your org:

    Where does Procurement reside:

    What are the position titles for VM staff:

    Approximate salary of each VM staff:

    What are the position titles for Procurement staff:

    Approximate salary for each procurement staff:

    If anyone is willing to share job descriptions, that would be helpful. 

    Thank you



  • 2.  RE: VM Program, Roles, and Reporting Lines

    Posted 12-02-2024 02:33 PM

    I too was hired two years ago to build an end-to-end VM program.

     

    Current Asset Size: 3B

    Where does VM reside within your org: IT Security

    Where does Procurement reside: Accounting

    What are the position titles for VM staff: Director of Vendor Risk Management

    Approximate salary of each VM staff: $75-80K

    What are the position titles for Procurement staff: Controller, Accounts Payable Manager, Accounts Payable Clerk

    Approximate salary for each procurement staff: Unknown