Business Unit and Department Structure:
Part of the Enterprise Technology and Delivery (ETandD) unit, the Global Vendor Management group is responsible for the management of the relationship with the key vendors.
In coordination with the Operation teams, the products owners from the Engineering teams, the Supply Chain Management group and Finance, the Vendor management team takes ownership of the contracts negotiation for all stakeholders, the day-2 execution of the contracts and the alignment of the vendors to the strategy of the Bank.
Team Specific Structure and Responsibilities:
In EMEA, the team is aligned to the Global Vendor Management organisation. The responsibilities of the team in EMEA are the local execution of the global strategy and the management of the local vendors
Responsibilities
The specific role responsibilities comprise:
Manage and leverage relationship with key local and global vendors.
Work in conjunction with the Global Vendor Management team in the US and the PACRIM Vendor Management team to align process and procedures.
Participate and team with SCM in the negotiation of the contracts.
Identify cost efficiencies and improve financial control of the vendors.
Work in conjunction with the products owners to align vendors to the Bank strategy.
Co-ordination of stakeholders across multiple business lines to ensure the standardisation of vendors and products where possible.
Support the global, local Supplier Management program, Supplier Managers in the lines of business, and vendor management team to ensure all program deliverables are executed on time with the stakeholder and various vendors.
Management of information, ensure all information and data is uploaded to the team share-point sites and global tools.
General internal and vendors meeting co-ordination (routines, agenda, minutes).
Requirements
Essential:
Good negotiation skills.
Analytical Skills - Strong aptitude in investigating and coordinating resolution of problems, ability to focus on the relevant aspects and demonstrate commitment to achieve the best result.
Communication: Strong written and verbal communication skills across all levels of an organisation with ability to adapt message to suit audience. Excellent presentation and meeting facilitation skills.
Industry Experience: Comprehensive Relevant Investment Banking IT / Service Provider Experience in Infrastructure e.g. Financial and/or accounting experience preferably in a service company type model.
Change Leadership: Challenges the status quo; continually seeks to do things better; Champions new ideas and initiatives; Pursues aggressive goals and continuously raises performance expectations to achieve excellence; Promotes and embraces continuous learning and development.
Collaboration and Team Work: Deals with others openly and honestly. Works to find and build agreement with others. Looks for innovative solutions to conflict. Involves others when appropriate in making decisions. Makes decisions based on what is good for the whole organisation not just for his/her own unit. Strong team spirit.
Energy and Drive: Takes personal ownership for delivering superior services to clients. Demonstrates personal commitment to and excitement about the work we do. Sets high performance expectations for people. Creates a sense of urgency in others. Good working under pressure and to deadlines. Proactive, self-starting, resilient.
Experienced in working with key technology vendors and or knowledge of technology market.
Secondary: (Not required but advantageous)
Character: Holds himself/herself to the same high standards of integrity that he/she demands of the organisation. Acts as a role model for the kind of behaviour he/she expects from others. Conveys high personal standards informally e.g. in conversation and demeanour. Behaves in a way that leads others to trust him/her.
Business Knowledge: Demonstrates an understanding of the issues relevant to Bank of America, its world-wide businesses, and the global financial services industry; maintains an up-to-date perspective and knowledge of the business; applies technology and business knowledge to solve business problems and create new opportunities.
Technical Expertise: Demonstrates in-depth technical expertise and knowledge; Presents technical or complex financial information in easily understood terms for non-financial managers.
Previous working knowledge of specific commodities and Vendors of the following categories: print, desktop, network, telecom carriers, security, software and hardware vendors.
Strategic Thinking: Strategic vision, Business knowledge, Innovation and Creativity
Business Results: Client relationships, Analytical ability, Execution, Change leadership
People Leadership: Talent building, Meritocracy, Team Leadership, Collaboration, Responsible Corporate Citizenship
Personal Effectiveness: Communication, decisiveness, Energy and drive, courage, character
Bank of America is one of the world's largest 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. The company provides unmatched convenience in the United States, serving approximately 53 million consumer and small business relationships with 6,000 retail banking offices, more than 18,000 ATMs and award-winning online banking with more than 29 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
