Job Description:
About Us
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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Global Business Services
Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.
Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.
In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.
Process Overview*
The GLOBAL PROCUREMENT (Global Third Party Program (GTPP) was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support and Supply Chain Management.
The process involves receiving requests from Bank of America employees to procure products on their behalf. The primary objective is to ensure that the requestor is provided the requested product at best price without compromising on the quality. This would require the individual to research and negotiate with vendors for the best deal. It would also assist if the individual is knowledgeable of the SCM process/es.
Job Description*
The TI Procurement team manages high-value, complex technology procurement to support critical business operations and technology needs within the bank.
This role is responsible for handling procurement requests from Technology groups (CTI, EET, APS&E) and ensuring delivery of required products at optimal cost without compromising quality. Key activities include vendor research, commercial negotiations, due diligence, and validation of procurement documentation.
Responsibilities
- Interacting with Vendors and Requestors on e-mail and phone
- Raising Purchase Orders (PO) on behalf of Bank of America employees
- Invoice Management (Reconciliation of Invoices as per the PO)
- Short-listing Vendors on the basis of requestors’ need
- Attention for details not multi-tasking
- Negotiation with Vendors for the best deal
- Should achieve the process SLA’s and CTQ’s / Completion of request within defined SLA/CTQs and compliant to Global Procurement guideline.
- Knowledge of GEP and SAP, vendor set up and onboarding
Requirements*
Education*
Bachelors degree
Certifications If Any
Any certification on Procurement, Procurement applications e.g. Ariba, GEP, Oracle, SAP, Risk and Compliance will be an added advantage.
Experience Range*
~2-4 Years
Foundational skills*
- Knowledge of Global Procurement/Source to Pay/PR-PO
- Knowledge of all type of purchases & Commodities i.e., Expense & Capital (PR-PO); Invoicing models
- Good communication and presentation skills
- Knowledge of Risk and Compliance
- Business Analytics Skills
- High level skills for process reporting, excellent knowledge of Excel, PowerPoint & SharePoint
- undefined
- Desired skills
- Knowledge of GEP and related SCM related applicationsExperience including interaction with international stakeholders/customersGood Knowledge of MS Office, especially MS-Excel & PPTExceptional oral/written communication skillsExcellent interpersonal skills, positive attitude, team-playerWillingness to learn and adapt to changes and open to be working in different shifts as per the business requirement
- Work Timings*11:30 AM to 08.30 PM IST
- Job Location*Gurugram