Job Description

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Overview (Bank overview, GBS India overview, Function Overview)*

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview*

Global Procurement was set up in 2007 to provide offshore delivery to Line of Business functions. The capabilities initially included Supplier Enablement, Supplier registration and PR to PO process. Later capabilities like Sourcing, Contract Management, Category and Spend management, Vendor Due Diligence etc. have also been added.

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Individual would be a procurement professional and will act as the primary contact for all Sourcing Projects routed to the Sourcing Centre of Excellence group. The individual is expected to support complex statements of work, change orders, amendments and addendums along with managing eRFx events related to specific categories of Bank. Individual will perform as a contributing member in the Sourcing team to drive compliance, reduce complexities and highlight opportunities to negotiate with the vendors.

Responsibilities*

• Procurement professional with deep subject matter expertise

• Expected to draft, review and approve highly complex statements of work, change orders, amendments and addendums

• Manages workflow for self and is responsible for the timely delivery of all tasks assigned

• Adds value to the transactions assigned to the team when necessary

• Resolves or escalates issues to appropriate stakeholders

• Interaction with Line of Business and other business partners.

Requirements*

Education*

Graduate or Post Graduate

Certifications If Any

Not mandatory

Experience Range*

5 - 8 years of relevant experience

Foundational skills*

• Procurement professional with deep subject matter expertise
• Expected to draft, review and approve highly complex statements of work, change orders, amendments and addendums
• Manages workflow for self and is responsible for the timely delivery of all tasks assigned

Desired skills

• Prior relevant experience

• High level of ownership and attention to detail

Work Timings*

12:30 PM till 9:30 PM

Job Location*

Gurugram