Job Description:

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.

Global Third Party Program(GTPP) - Sourcing CoE is an offshore support group in India managing/supporting procurement requirements and contract management across all regions (USA, APAC, EMEA) aligned with various Bank Business verticals.

Sourcing COE is divided into procurement groups as per business alignment and Sourcing support associates are located in Gurugram, India. These procurement groups are providing sourcing support across Bank of America global operations.

Responsibilities*

• Procurement professional with deep subject matter expertise and work exposure in Global environment

• Expected to collaborate with requester on the requirement and facilitate vendor selection through RFx process as per third party program management standard

• Expected to draft and review highly complex Master Agreements, sub-agreements such as Statement of Work, Addendum, Amendments, Schedule, Evaluation Agreements, Change Orders etc.

• Negotiate contractual and commercial terms with vendors/suppliers to meet business requirements by keeping strong focus on risk, cost, timeline, compliance & governance

• Take ownership of work/task in hand and drive completion as per defined policy, standards and procedures

• Identify and realize saving opportunities wherever possible

• 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

• Interact with Line of Business, onshore sourcing counterparts vendors/suppliers and other stakeholders, support partners