Sr. Procurement Specialist – Global Marketing
  • Charlotte, United States
  • 800.556. 6044
10 Jan 2022
2-4 Years
Job Description

Job Description:

This role supports the procurement needs of Bank of America's Global Marketing organization. As a Senior Procurement Specialist, you will be responsible for negotiating complex deals from inception to completion. This includes leveraging current and future business requirements, market intelligence, and historical spend information to develop innovative category strategies and specific deal negotiation strategies that optimize the vendor base, creates business value, cost savings, and reduces risk. The Sr. Procurement Specialist has strong business acumen and is viewed as a trusted advisor by key Business stakeholders. The Sr. Procurement Specialist also manages and understands Bank of America's end-to-end third party program and enforces Business compliance to that program.

  • Proficient with defining, influencing and driving approval of procurement category strategies to achieve business goals and objectives
  • Create and execute save forecasting in collaboration with Finance partners
  • Able to lead a global team in the development of a negotiation approach, create complex RFP proposal documents (technical, contractual, schedule and cost), and drive analysis of proposal responses/overall evaluation of service providers
  • Negotiates contracts utilizing best practices, assists the business owner in creating business requirements including Schedules/Statement of Works and Service Level Agreements, providing clarity and addressing all Business requirements
  • Comfortable with legal contract concepts (Limitation of Liability, Indemnification) and able to drive negotiation acceptance of Bank of America’s required language with those terms
  • Work routinely with risk partners (Legal, Compliance, Ops, Info Sec, etc.) in negotiating deals and in managing outsourcing risk
  • Consistently provides a high level of service by establishing and clearly communicating mutual expectations, developing an understanding of business needs and demonstrating competency and consistency in meeting commitments
  • Builds broad-based business relationships and partnerships across the organization, skillfully influences peers and colleagues to promote and sell ideas, and proactively surfaces and resolves conflict with minimal noise


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