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Sr. Procurement Specialist – Global Marketing

Charlotte, North Carolina

Job Description:

This role supports the procurement needs of Bank of America's Global Marketing organization. As a Senior Procurement Specialist, you will be responsible for negotiating complex deals from inception to completion. This includes leveraging current and future business requirements, market intelligence, and historical spend information to develop innovative category strategies and specific deal negotiation strategies that optimize the vendor base, creates business value, cost savings, and reduces risk. The Sr. Procurement Specialist has strong business acumen and is viewed as a trusted advisor by key Business stakeholders. The Sr. Procurement Specialist also manages and understands Bank of America's end-to-end third party program and enforces Business compliance to that program.

  • Proficient with defining, influencing and driving approval of procurement category strategies to achieve business goals and objectives
  • Create and execute save forecasting in collaboration with Finance partners
  • Able to lead a global team in the development of a negotiation approach, create complex RFP proposal documents (technical, contractual, schedule and cost), and drive analysis of proposal responses/overall evaluation of service providers
  • Negotiates contracts utilizing best practices, assists the business owner in creating business requirements including Schedules/Statement of Works and Service Level Agreements, providing clarity and addressing all Business requirements
  • Comfortable with legal contract concepts (Limitation of Liability, Indemnification) and able to drive negotiation acceptance of Bank of America’s required language with those terms
  • Work routinely with risk partners (Legal, Compliance, Ops, Info Sec, etc.) in negotiating deals and in managing outsourcing risk
  • Consistently provides a high level of service by establishing and clearly communicating mutual expectations, developing an understanding of business needs and demonstrating competency and consistency in meeting commitments
  • Builds broad-based business relationships and partnerships across the organization, skillfully influences peers and colleagues to promote and sell ideas, and proactively surfaces and resolves conflict with minimal noise
  • Proven ability to communicate, partner, and influence across a matrixed organization
  • Identify and escalate risks and issues to the appropriate governance routines
  • Analyze and determine adherence to Bank of America’s Third Party Program
  • Prepares executive level procurement strategy documents, executive summaries, and tollgate/governance materials

Required Skills:

  • Experience sourcing for various Indirect Procurement categories (experience with marketing categories a plus)
  • Understanding of financial analysis and the impacts / savings to be achieved in the procurement categories
  • Four-year college degree or equivalent experience
  • Strong contract negotiation skillset and experience
  • Strong business acumen and ability to connect market intelligence to actionable procurement tactics
  • Self-starter, with capability of working autonomously across multiple procurement projects is essential
  • Proactive, conscientious and high level of attention to detail
  • Proficient computer skills, including Outlook, Excel, PowerPoint, WebEx, etc.
  • Proficient with Sourcing systems (ideally Ariba) and reporting platforms (VIPR, etc.)
  • Strong executive presence with the ability to communicate, partner with and influence all levels of management within the organization
  • Ability to manage conflict and deal with confrontation

Desired Skills:

  • Quickly builds relationships in order to deliver effective business partnering
  • Business services category management experience or strategic sourcing experience preferred
  • Experience negotiating strategic contracts with print, courier, shipping, mail, and translation services vendors a plus

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

This role supports the procurement needs of Bank of America's Global Marketing organization. As a Senior Procurement Specialist, you will be responsible for negotiating complex deals from inception to completion. This includes leveraging current and future business requirements, market intelligence, and historical spend information to develop innovative category strategies and specific deal negotiation strategies that optimize the vendor base, creates business value, cost savings, and reduces risk. The Sr. Procurement Specialist has strong business acumen and is viewed as a trusted advisor by key Business stakeholders. The Sr. Procurement Specialist also manages and understands Bank of America's end-to-end third party program and enforces Business compliance to that program.

  • Proficient with defining, influencing and driving approval of procurement category strategies to achieve business goals and objectives
  • Create and execute save forecasting in collaboration with Finance partners
  • Able to lead a global team in the development of a negotiation approach, create complex RFP proposal documents (technical, contractual, schedule and cost), and drive analysis of proposal responses/overall evaluation of service providers
  • Negotiates contracts utilizing best practices, assists the business owner in creating business requirements including Schedules/Statement of Works and Service Level Agreements, providing clarity and addressing all Business requirements
  • Comfortable with legal contract concepts (Limitation of Liability, Indemnification) and able to drive negotiation acceptance of Bank of America’s required language with those terms
  • Work routinely with risk partners (Legal, Compliance, Ops, Info Sec, etc.) in negotiating deals and in managing outsourcing risk
  • Consistently provides a high level of service by establishing and clearly communicating mutual expectations, developing an understanding of business needs and demonstrating competency and consistency in meeting commitments
  • Builds broad-based business relationships and partnerships across the organization, skillfully influences peers and colleagues to promote and sell ideas, and proactively surfaces and resolves conflict with minimal noise
  • Proven ability to communicate, partner, and influence across a matrixed organization
  • Identify and escalate risks and issues to the appropriate governance routines
  • Analyze and determine adherence to Bank of America’s Third Party Program
  • Prepares executive level procurement strategy documents, executive summaries, and tollgate/governance materials

Required Skills:

  • Experience sourcing for various Indirect Procurement categories (experience with marketing categories a plus)
  • Understanding of financial analysis and the impacts / savings to be achieved in the procurement categories
  • Four-year college degree or equivalent experience
  • Strong contract negotiation skillset and experience
  • Strong business acumen and ability to connect market intelligence to actionable procurement tactics
  • Self-starter, with capability of working autonomously across multiple procurement projects is essential
  • Proactive, conscientious and high level of attention to detail
  • Proficient computer skills, including Outlook, Excel, PowerPoint, WebEx, etc.
  • Proficient with Sourcing systems (ideally Ariba) and reporting platforms (VIPR, etc.)
  • Strong executive presence with the ability to communicate, partner with and influence all levels of management within the organization
  • Ability to manage conflict and deal with confrontation

Desired Skills:

  • Quickly builds relationships in order to deliver effective business partnering
  • Business services category management experience or strategic sourcing experience preferred
  • Experience negotiating strategic contracts with print, courier, shipping, mail, and translation services vendors a plus

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21081727

Band: H5

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Kathryn Gane

Referral Bonus:

0

Street Address

Primary Location:
201 N TRYON ST, NC, Charlotte, 28255