Job Description:
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.
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Job Description
This role is of an Individual Contributor. Individual would require to be a highly motivated procurement professional who will be responsible for executing/processing Master Agreements, complex sub-agreements such as Statement of Work, Addendum, Amendments, Schedule, Evaluation Agreements, Non-Disclosure Agreements, Change Orders etc. end to end for respective Sourcing categories. Individual will perform as a contributing member in the Sourcing COE team in any of the sub groups and drive compliance to Procurement standards and goals, reduce complexities, maintain quality standards and realize/highlight opportunities to negotiate on contractual and commercial terms with incumbent and or new vendors
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
Requirements
Job Title
Assistant Manager
Education
Graduate or Post Graduate
Certifications If Any, Not mandatory
Experience Range
7 -11 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*
DLF Cyberpark, Gurgaon