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.
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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 budgeting
- Advanced Excel proficiency
- PowerPoint development for Executive presentations
- Strategic planning and execution
- Data-driven decision-making
- Stakeholder communication
- Team leadership and mentoring
- Process optimization
- Vendor management expertise
- Critical Thinking
- Project Management
- Written Communications
- Technical Documentation
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - 114 W 47TH ST (NY8114)
Pay and benefits information
Pay range
$146,700.00 - $200,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.