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Senior Audit Manager - Vendor Manager

Charlotte, North Carolina;New York, New York

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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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

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

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.