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Senior Vice President, Global Vendor Management, APAC Head

Singapore, , Singapore

Job Description:

Your background

  • 5+ years of experience in relevant fields
  • Prior management or team leadership/ project management skills
  • Able to manage competing priorities and work effectively across multiple organizational units
  • Ability to work across multiple functional teams to set direction, build consensus and effectively solve problems
  • Self-directed, detail-oriented, organized, and exercises good judgment
  • Intellectual curiosity
  • Ability to evaluate a situation, make a decision and provide clear direction
  • Ability to negotiate and influence at all levels both internally to the Bank and with Senior Executives at vendor companies
  • Able to learn quickly, including learning systems, and produce results
  • Interested in contributing to the organization and is goal-oriented
  • High integrity, energy, and strong interpersonal skills
  • Able to communicate in a clear, concise manner
  • Strong written and verbal language skills
  • A self-starter with ambition and drive and exhibits ability to proactively follow up and get results
  • Strong in Microsoft Office suite skills, particularly with Excel, PowerPoint; able to create/deliver effective presentations.
  • Third Party risk and relationship management skills and knowledge of regulatory requirements applicable to Third Party Management.
  • Knowledge of / engagement in the management of vendors associated with Payments/Clearing/settlement processes in the region
  • Regional language skills an advantage

What you can expect

The Vendor Manager manages a team of Vendor Managers aligned to multiple FLU organisations. The manager is accountable to ensure that a portfolio of vendor relationships is managed effectively in accordance with the Third-Party Management program requirements and FLU strategies. Collectively, the team manages the performance and mitigates risk for vendors aligned to high risk product or service categories which cross multiple lines of business. Vendor Management identifies potential risks, implements key controls, and validates that performance and risk objectives are met through contract adherence. Vendor Managers collaborate with Global Procurement in establishing appropriate contractual terms and serves as the primary liaison between Vendor and FLU Process Owners and their designees.

What you will do

  • Provides effective team and resource management for a team of Vendor Managers, including one-on-ones, performance management, development opportunities, recognition, promotions, team meetings, hiring, training, ESAT, and capacity management
  • Coaches and develops talent within and across the team
  • Provides leadership and ensures compliant execution of the Third-Party Program requirements for the portfolio of vendors
  • Manages overall portfolio of vendors and ensures team provides effective and recurring status updates on vendor relationship health to our FLU Process Owners and COO
  • Maintains strong relationships with FLU stakeholders, ensuring that they have necessary awareness and understanding of Third-Party Management requirements and vendor compliance
  • Understand business strategy as it relates to vendor rationalization, the overall satisfaction of the business with the vendors, and potential need for new/alternate vendors
  • Effectively manage vendor onboarding and off boarding from the portfolio
  • Ensure appropriate awareness, debate, remediation/acceptance and escalation of vendor issues and emerging risks to internal Governance Forums
  • Maintains own knowledge of Global Procurement’s Third-Party Management Program and Flu-specific requirements. Provides feedback / input on upcoming changes and improvement opportunities
  • Maintains solid relationships and communication with various partners such as Global Procurement (GP), GIS, GCOR, FMU Risk
  • Reviews and approves deliverables (vendor scorecards, issues, escalation documentation, etc.) and supports ad-hoc requests in accordance with the Third-Party Management program
  • Manages team and vendor performance against metrics, inclusive of timely and accurate deliverables, vendor GIS assessments and finding remediation, vendor contract compliance to standards
  • Responds accurately and timely to internal Corporate Audit and external Exam (ex. OCC) requests
  • Ensures appropriate engagement with senior relationship managers at vendors, as appropriate to the FLU requirements
  • Represent GVM and potentially CAP/GP at regional management/governance forums as appropriate
  • May represent the firm at appropriate industry forums (ASIFMA/The Network Forum, SIBOS)
  • Ensures team participates effectively in miscellaneous projects as needs arise (business enablement, fee saving initiatives, process improvements, AIAI/SIAI responses, regulatory support)
  • Leveraging required tools & systems to support the day-to-day role

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Job Band:

H4

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

  • 5+ years of experience in relevant fields
  • Prior management or team leadership/ project management skills
  • Able to manage competing priorities and work effectively across multiple organizational units
  • Ability to work across multiple functional teams to set direction, build consensus and effectively solve problems
  • Self-directed, detail-oriented, organized, and exercises good judgment
  • Intellectual curiosity
  • Ability to evaluate a situation, make a decision and provide clear direction
  • Ability to negotiate and influence at all levels both internally to the Bank and with Senior Executives at vendor companies
  • Able to learn quickly, including learning systems, and produce results
  • Interested in contributing to the organization and is goal-oriented
  • High integrity, energy, and strong interpersonal skills
  • Able to communicate in a clear, concise manner
  • Strong written and verbal language skills
  • A self-starter with ambition and drive and exhibits ability to proactively follow up and get results
  • Strong in Microsoft Office suite skills, particularly with Excel, PowerPoint; able to create/deliver effective presentations.
  • Third Party risk and relationship management skills and knowledge of regulatory requirements applicable to Third Party Management.
  • Knowledge of / engagement in the management of vendors associated with Payments/Clearing/settlement processes in the region
  • Regional language skills an advantage

What you can expect

The Vendor Manager manages a team of Vendor Managers aligned to multiple FLU organisations. The manager is accountable to ensure that a portfolio of vendor relationships is managed effectively in accordance with the Third-Party Management program requirements and FLU strategies. Collectively, the team manages the performance and mitigates risk for vendors aligned to high risk product or service categories which cross multiple lines of business. Vendor Management identifies potential risks, implements key controls, and validates that performance and risk objectives are met through contract adherence. Vendor Managers collaborate with Global Procurement in establishing appropriate contractual terms and serves as the primary liaison between Vendor and FLU Process Owners and their designees.

What you will do

  • Provides effective team and resource management for a team of Vendor Managers, including one-on-ones, performance management, development opportunities, recognition, promotions, team meetings, hiring, training, ESAT, and capacity management
  • Coaches and develops talent within and across the team
  • Provides leadership and ensures compliant execution of the Third-Party Program requirements for the portfolio of vendors
  • Manages overall portfolio of vendors and ensures team provides effective and recurring status updates on vendor relationship health to our FLU Process Owners and COO
  • Maintains strong relationships with FLU stakeholders, ensuring that they have necessary awareness and understanding of Third-Party Management requirements and vendor compliance
  • Understand business strategy as it relates to vendor rationalization, the overall satisfaction of the business with the vendors, and potential need for new/alternate vendors
  • Effectively manage vendor onboarding and off boarding from the portfolio
  • Ensure appropriate awareness, debate, remediation/acceptance and escalation of vendor issues and emerging risks to internal Governance Forums
  • Maintains own knowledge of Global Procurement’s Third-Party Management Program and Flu-specific requirements. Provides feedback / input on upcoming changes and improvement opportunities
  • Maintains solid relationships and communication with various partners such as Global Procurement (GP), GIS, GCOR, FMU Risk
  • Reviews and approves deliverables (vendor scorecards, issues, escalation documentation, etc.) and supports ad-hoc requests in accordance with the Third-Party Management program
  • Manages team and vendor performance against metrics, inclusive of timely and accurate deliverables, vendor GIS assessments and finding remediation, vendor contract compliance to standards
  • Responds accurately and timely to internal Corporate Audit and external Exam (ex. OCC) requests
  • Ensures appropriate engagement with senior relationship managers at vendors, as appropriate to the FLU requirements
  • Represent GVM and potentially CAP/GP at regional management/governance forums as appropriate
  • May represent the firm at appropriate industry forums (ASIFMA/The Network Forum, SIBOS)
  • Ensures team participates effectively in miscellaneous projects as needs arise (business enablement, fee saving initiatives, process improvements, AIAI/SIAI responses, regulatory support)
  • Leveraging required tools & systems to support the day-to-day role

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Learn more about this role

Full time

JR-22032064

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Hoey Mok

Referral Bonus:

0

Street Address

Primary Location:
2 HARBOURFRONT PLACE, #02-01, Singapore, 098499