Category Manager – Marketing - Bank of America Careers

Category Manager – Marketing - Bank of America Careers

Job description

Category Management is a key strategic component of the procurement function that provides global oversight for end-to-end procurement activities by developing global category strategies to support business objectives and by managing category procurement objectives and performance. Category Management assures that procurement initiatives support business objectives and drive efficiencies by maximizing value, improving quality, minimizing cost and mitigating risk.

Category Manager – Marketing

The Category Manager is responsible for a critical role with accountability for spend across a global organization for Marketing. This role owns development of the initial category strategy as well as monitoring and maintaining the implemented strategy on an ongoing basis. This role will have the following responsibilities:

• Build a short and long term category strategy that aligns to overall Lines of Business’ strategy

• Oversee category strategy implementation activities to deliver the expected business value

• Develop and maintain collaborative relationships with stakeholders to ensure strategy alignment to business needs over time and that the supplier base is capable of supporting the strategy

• Provide category specific subject matter expertise and insights to internal clients and regular status updates of all projects to leadership

Essential functions of the job:

• Leverage current and future business requirements, market intelligence, and historical spend to develop innovative category strategies that drive cost reduction, enterprise consistency, and business value

• Establish category metrics and savings targets, monitor performance, and communicate these to stakeholders. Create a category specific initiative pipeline that will forecast and direct procurement projects and sourcing activities

• Implement the category strategy by directing sourcing activities and demand initiatives. Develop and lead cross-functional teams to execute on strategy

• Maintain expertise in the spend category through relationships with sourcing teams, business units, suppliers, market experts, and global/regional liaisons. Know and apply value chain and value stream concepts

• Identify business enablement opportunities and provide category related insights and recommendations. Provide commodity knowledge to internal clients on industry trends, benchmarking, and best practices

• Build and maintain collaborative relationships with Sourcing Teams, Line of Business Leaders, and key stakeholders. Share ownership and accountability for driving and delivering results through agreed upon strategies. Ensure strategies remain in alignment with business goals over time

• Accountable for driving communication and reporting to keep internal clients informed of progress and benefits

• Work with internal risk and compliance groups to ensure category strategies account for relevant laws, regulations, and BAC risk policies

• Act as change agent and advocate for procurement as a value added function

Leverages current and future business requirements, market intelligence, and historical spend information to develop innovative category strategies that drive cost reduction, a simplified supply base and business value. Implements category strategies with sourcing and demand management savings initiatives identified. Leads cross functional teams to execute and comply with category strategies (i.e. Savings Targets, Buy Channel compliance, Preferred Vendor compliance, Spend compliance). Acts as global category expert for enterprise by providing commodity knowledge to internal clients on industry trends, benchmarking, and best practices. Builds and maintains collaborative relationships with key stakeholders (sourcing, line of business process owners, vendor managers, vendors, market experts, regional liaisons) in order to drive results while ensuring strategies remain in alignment with business goals. Ensures category strategies account for relevant laws, regulations, and BAC risk policies. Estimate: approx. $500M to $1B of global category spend (maybe individual contributor)

Qualifications

Other requirements:

• Travel (including international) may be required for strategic planning, project coordination and implementation

• Relocation may be required –negotiable

Education Requirements:

• Bachelor’s Degree

• MBA or advanced degree in related discipline preferred

Experience:

• 5-7 years of category procurement experience, designing and implementing successful Category/Sub-Category strategies for Fortune 500 Company, preferably in the financial services sector

• Marketing category management experience

• Proven track record of leading large, complex, category management activities at enterprise level, including multi-geographic programs. Ability and experience coaching in Category Management leading practices

• Innovative Thinking: Proven ability to connect ideas, events, and circumstances to find category management solutions to business problems or goals

• Applies flexible approach (es) to achieving category management results in dynamic situations

• Skilled in change adoption, change management and resource assessment

• Ability to work independently. Energetic and self motivated

• Experience influencing others to voluntarily adopt Category Management practices

• Strong analytical and financial skills

• Strong oral and written communication

•Proficiency in Microsoft Word, Power Point, Microsoft Project and Excel

Posting Date: 04/10/2015

Location: US-NC-Charlotte

Travel: Yes, 15 % of the Time

Full / Part-time: Fulltime

Hours Per Week: 40.00

Shift: 1st Shift

- See more at: http://careers.bankofamerica.com/job-detail/1500012649/global/us/category-manager-%e2%80%93-marketing#sthash.68nqmHSL.dpuf