Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
This job is responsible for managing Corporate Audit and Credit Review (CACR) vendors and supporting the processes necessary to facilitate effective, financially responsible, and compliant vendor relationships. This role is integral to ensuring strategic alignment, financial accountability, and performance excellence across co-source engagements.  Key responsibilities include vendor oversight, budget management, data analytics, financial analysis, reporting, cross-functional collaboration, risk & compliance, and optimization and innovation of vendor processes within CACR. Job expectations will include managing a significant number of contractors as direct reports, and executing processes that facilitate this centralized vendor model while these contractors support other teams across CACR. As a result, the ability to partner across the division is an important part of this role’s responsibilities.

Responsibilities:

Serve as administrative manager for approximately 50 contractors, and partner with their day-to-day functional managers to facilitate on-boarding and off-boarding processes, compliance training, and performance

Partner with the CACR Contractor Management Lead and the Contractor Onboarding/Offboarding Lead to facilitate operational vendor processes

Manage co-sourced service providers to ensure contractual compliance, service quality, and strategic alignment

Lead end to end vendor contracting processes, including drafting, reviewing, negotiating, and finalizing service agreements

Own co-source budgeting process, including forecasting, monitoring, and reconciliation across departments

Produce timely, accurate reports on vendor spend, performance metrics, and budget variance

Leverage complex excel functions including pivot tables, vlookup, conditional formatting, and dynamic charts to produce and analyze data and financials

Partner with Procurement, Finance, and Audit teams to align vendor strategies with organizational goals

Apply deep understanding of financial principles including P&L management, budgeting cycles, invoicing, and accruals to guide vendor strategy and decision-making

Mitigate vendor risks and ensure adherence to regulatory guidelines and internal controls

Identify opportunities to improve vendor performance, cost efficiency, and service delivery

Skills:

Financial analysis and budgetingAdvanced Excel proficiencyPowerPoint development for Executive presentationsStrategic planning and executionData-driven decision-makingStakeholder communicationTeam leadership and mentoringProcess optimizationVendor management expertiseCritical ThinkingProject ManagementWritten CommunicationsTechnical Documentation

Shift:

1st shift (United States of America)

Hours Per Week: 

40