Team Lead

Job Description:

Bank of America is one of the world’s leading 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.

We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are Global Third Party Program (GTPP) part of the Global Business Services , which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview*

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

Job Title*

Team Leader

Education*

Graduate or Post Graduate

Certifications If Any

Not mandatory

Experience Range*

5 - 9 years of Sourcing, Procurement and Contract Management experience working in a global environment across multiple time zones and communicating with senior/middle management levels of diverse stakeholders

Foundational skills*

• Hand on experience and working knowledge with documents such as: Master Agreements, Statement of Work, Addendum, Amendments, Schedule, Evaluation Agreements, Change Orders, Non-disclosure Agreements and other legal instruments
• Knowledge of SharePoint, MS Office, GEP, Ariba or other applications supporting Procurement Operations
• Strong verbal and written communication skills
• Strong analytical and interpersonal skills
• Flexibility to deal with multiple concurrent issues and tasks - ability to self-manage and prioritize

Desired skills

• Prior relevant experience
• High level of ownership and attention to detail

Work Timings*

7:30 AM till 4:30 PM (APAC Shift) / 12:30 PM till 9:30 PM (US Shift)

Job Location*

New Chennai, BLOCK 2DT TARAMANI, STE, Chennai