Full-Time

Supply Chain Administrator

Posted on 10/25/2024

Bank of America

Bank of America

10,001+ employees

Provides banking and financial services globally

Fintech
Financial Services

Senior

Plano, TX, USA + 3 more

More locations: Richmond, VA, USA | Charlotte, NC, USA | Lawrence Township, NJ, USA

Category
Inventory Management
Procurement & Sourcing
Warehouse Operations
Operations & Logistics
Required Skills
Inventory Management
Requirements
  • Minimum of 5 years’ experience required in a Technology Services role involved in the delivery of technology services (network services preferred)
  • Understanding of industry methodologies and practices, process, documentation, metrics, and reporting
  • Familiarity with IT Service Delivery, Change Management, Controls and Regulations in the Financial Services Industry
  • Must have strong administration, facilitation, and organization skills
  • Ability to be flexible; prioritize workload, proactively react to issues, and consistently react to shifting deadlines
  • Applied experience with 3rd Party Procurement, Warehousing, Staging, delivery & Field Services
  • Thorough understanding of Quote Methods and Equipment Specification
  • Purchase Order Requirements & Routine Experience
  • Order Processing Experience
  • Order Fulfillment Experience
  • Equipment Staging Experience
  • Field Services Experience
  • Shipping & Receiving Experience
  • Asset Management Experience, CMDB conventions and practices
  • Supply Chain SME supporting RDM resources quoting, purchasing, warehouse, call-out, staging, delivery, etc
  • In depth understanding of monitoring and reporting of aged/un-deployed inventory
  • Devise and implement process improvements/optimization between bank and vendor
  • Ability to recognize and effectively document Bank and Vendor procedural changes & updates
  • Identify & Support resolution of vendor and bank side errors impacting delivery.
  • Process Control Manual (Playbook/Runbook) for Functional Area Activities & Procedures
  • History, Status, Metrics & Reporting for RDM Vendor Engagement Area
  • In depth knowledge around documentation techniques to producing and editing complex documents and process flows
  • Extensive Knowledge and applied experience with process tools, concepts, and conventions
Responsibilities
  • Oversees infrastructure delivery (scope, milestones, and capability) of the book of work and executes and monitors the progress of initiatives/projects to address roadblocks and issues proactively, including infrastructure impacted book of work and Technology Infrastructure (TI) strategic efforts
  • Acts as a single point of contact for all technology stakeholder needs including network, storage, server, and TI supporting software and serves as a point of escalation for issues and defining plans to resolve and communicate those problems requiring further attention
  • Reports on key metrics, prioritizes the work across the portfolio, and monitors the overall health of the portfolio
  • Manages trusted relationships with the business and technology leaders and prepares a detailed portfolio level plan to agree on deliverables, including service levels and milestones
  • Manages yearly and monthly initiative funding budget and allocations, providing financial transparency for Technology Cost of Application (TCOA) chargebacks, capital forecasting, initiative finances, and stale application volumes
  • Communicates Core Technology Infrastructure (CTI) strategies, services, and products to technology stakeholders, advocates for top priorities within CTI, and influences change effectively through strong partnerships
  • Leads fellowship Communities of Practice (CPO) in the organization and across other delivery teams
  • Assist in managing supplier relationships providing strategic direction, devising, and establishing processes for Procurement and Warehouse Inventory Management functions
  • Serve as liaison between the bank and 3rd Party partners equipment suppliers working to solve asset-related issues
  • Maintain efficient warehouse and inventory practice, avoid new spend where existing/available inventory can be deployed
  • Oversee and report on 3rd Party partners procurement activities, providing data and insights
  • Establish and maintain Supply Chain Process, Controls & Documentation
  • Maintain Process, Controls & Documentation for the Vendor Engagement Function
  • Maintain history of events, status and reporting for the Vendor Engagement Function
  • Oversee all stages of equipment lifecycle form receiving through recovery & replacement, retirement, and disposal
  • Alignment of supplier routine and inventory methodologies

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company has a significant presence in the U.S., serving around 56 million consumer and small business accounts. Bank of America stands out from its competitors by being a leader in wealth management and corporate investment banking, which allows them to cater to a diverse clientele. The goal of Bank of America is to help their customers achieve their financial goals through comprehensive financial solutions.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Focus on digital banking enhances customer experience and operational efficiency.
  • Expansion in wealth management aligns with global trends in personalized services.
  • Partnerships in blockchain solutions offer faster, secure transactions.

What critics are saying

  • Increased competition in credit facilities may impact market share.
  • Large corporations raising capital through share sales could affect liquidity management.
  • Syndicated loan platforms may disrupt traditional lending models.

What makes Bank of America unique

  • Bank of America is a leader in corporate and investment banking globally.
  • The bank is a key player in sustainable finance and green bonds.
  • It heavily invests in AI for risk management and fraud detection.

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