Senior Vendor Funding Manager

Job description

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 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! Job Description: The Senior Vendor Funding Manager is a senior individual contributor responsible for ensuring the successful use of millions in vendor funding utilized by other parties within the Bank. The role provides disciplined financial stewardship, ensures accurate tracking and governance, and identifies practical opportunities to maximize the strategic value and permissible use of funding across the enterprise. This position succeeds through organization, influence, sound judgment, and effective coordination across a complex stakeholder network. Key Responsibilities • Vendor funding governance: Manage multiple funding categories totaling several hundred million dollars annually, including intake, allocation, utilization, reconciliation, forecasting, documentation, and reporting. • Stakeholder and vendor management: Build trusted relationships with senior-executive internal and external partners across the enterprise, including CSBB Products, Channels, GPS, Digital, Marketing, Finance and Accounting. • Analysis and problem solving: Investigate complex funding issues, evaluate tradeoffs, and develop timely, well-reasoned solutions. • Funding optimization: Apply creative and critical thinking to identify flexibility within contractual, policy, financial, and risk parameters. •Network rule waivers: Manage the network rule waiver process from intake through disposition, including requirements validation, stakeholder review, documentation, approvals, tracking, renewals, and escalation of risks or exceptions. •Performance reporting: Prepare concise management reporting on funding availability, utilization, commitments. Responsibilities: • Eight or more years of relevant experience in payments, finance, third-party management, vendor management, or a closely related discipline. • Demonstrated experience managing significant budgets, funding pools, financial commitments, vendor programs, or comparable portfolios with a high level of accuracy and accountability. • Strong organizational and execution skills, with the ability to manage multiple workstreams, dependencies, deadlines, and stakeholders without direct authority. • Proven critical-thinking and problem-solving capabilities, including the ability to interpret complex requirements, identify options, and make sound recommendations. • Strong relationship-management, negotiation, and influencing skills across business, functional, and external partner groups. • Experience maintaining controls, reconciling financial information, and producing clear reporting for senior stakeholders. • Excellent written and verbal communication skills, with the ability to present complex financial and operational matters in a concise, decision-oriented manner. • Bachelor's Degree required Desired Skills: •Experience in card payments, merchant services, card networks, banking, or a regulated financial-services environment. •Working knowledge of vendor contracts, network rules, waiver or exception governance, financial controls, and third-party risk requirements. •Advanced proficiency with spreadsheets, financial models, reporting tools, and executive presentations Skills: Leadership Development Product Design and Development Product Management Project Management Strategy Planning and Development Innovative Thinking Performance Management Process Management Relationship Building Agile Practices Business Acumen Business Development Oral Communications Process Effectiveness Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $129,500.00 - $232,400.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Getting started Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in the skills required for the job. 4. Summarize your abilities, accomplishments and skills into a brief, concise document. Considerations when writing a resume • Do be brief. Resumes should be 1-2 pages in length. • Do be upbeat and active in your wording. • Do emphasize what you have done clearly and concretely. • Do be neat and well organized. • Do have others proofread and critique your resume. Spell check. Make it error free. • Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible. • Don't be dishonest, always tell the truth about yourself in the most flattering light. • Don't include salary history or requirements. • Don't include references. • Don't include accomplishments that do not support your professional goals. • Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.) • Don't use italics, underlining, shadows or other fancy treatments. Seven steps to a successful interview 1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview? 2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available? 3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight. 4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down. 5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks. 6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease. 7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage. Pay Transparency - https://careers.bankofamerica.com/en-us/pay-transparency Privacy Statement - https://careers.bankofamerica.com/en-us/privacy-notice