Bank of America Sr Business Control Specialist in Wilmington, Delaware

Job Description:

The Global Procurement Program Oversight & Controls team is part of the Global Corporate Services organization. Our team’s primary focus is to provide Third Party Program Oversight and design/implement Third Party Program Controls. Key priorities for our team include ownership of program documentation, control design & oversight, and testing/assessments of program execution. Our business partners include Procurement Executives, Procurement associates, Third Party Portfolio Executives, Enterprise Vendor Managers, Compliance, Risk and Legal and various Control Functions.

The teammate in this role is responsible for participating in the sustainable control design and quality management of Bank of America’s Third Party contract templates. Additionally, this role may have some responsibilities tied to projects supporting testing or other control design work efforts. As part of the responsibilities of the role, the teammate will develop business partner relationships with Third Party Program Stakeholders (Audit, Compliance, Risk, FLU/CFs) and other Global Procurement team members.

Primary Responsibilities:

  • Optimize current Third Party contract templates in preparation for Ariba Cloud deployment

  • Support ongoing BAU contract template maintenance request using project management principles

  • Support the ongoing specialized contract template processes

  • Effective communication of contract template changes to key stakeholders

  • Maintaining a thorough understanding of the Vendor/Third Party Management program requirements

  • Developing business partner relationships with multiple FLU representatives, third party/vendor managers, sourcing managers

  • Maintaining an understanding of FLU business goals and objectives

  • Throughout the tenure of this role the teammate should gain exposure and acumen related to Third Party oversight and controls practices

Required Skills:

  • BS/BA

  • 2+ years experience creating, reviewing, and proofing contracts, or equivalent Vendor Management Program Experience, or equivalent monitoring and testing experience, or equivalent regulatory/compliance experience

  • Experience executing or supporting risk and control activities

  • Experience managing multiple tasks simultaneously, strong prioritization and time management skills

  • Requires strong organizational skills

  • Attention to detail and high quality work product(s)

  • Ability to navigate in a highly complex organization and operate effectively in changing environment

  • Proficient computer/software skills - Experience with Microsoft Word, Excel, Power Point, Outlook, etc.

Desired Skills:

  • MBA/JD a plus

  • Paralegal Experience

  • Sourcing/Procurement Experience

  • Vendor Management experience

  • Audit Experience

  • Compliance Experience

  • Process Design Experience

Posting Date : 09/11/2017

Location :

Wilmington, DE, BRACEBRIDGE II, 1020 N FRENCH ST,

Atlanta, GA, Atlanta Plaza, 600 Peachtree St NE,

Charlotte, NC, 201 N TRYON ST (NC1022),

Coppell, TX, HWY 121 & DENTON TAP BC, 740 N Denton Tap Rd,

  • United States

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

Weekly Schedule : N/A

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