Justin Parker

Justin Parker Email and Phone Number

Third Party Risk Management Executive at Bank of America @ Bank of America
charlotte, north carolina, united states
Justin Parker's Location
Charlotte, North Carolina, United States, United States
Justin Parker's Contact Details

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About Justin Parker

Effective leader with experience developing and managing high performing teams that successfully balance managing risk and delivering results for companies with global operations. - Established track record of consistently exceeding performance and productivity goals- Proven ability to build relationships and influence internal customers at all levels throughout an enterprise- Striking a balance, and training teams to balance, between being a support partner and a control function- Demonstrated ability to quickly adapt to change, train associates, and manage large teams with limited direction- Extensive third party procurement and risk management experienceSkills:- People Management- Talent Development- Strategic Thinking/Planning- Stakeholder Collaboration- Risk Management- Data Analytics- Process Improvement- Project Management- Strategic Sourcing/Contract Negotiation

Justin Parker's Current Company Details
Bank of America

Bank Of America

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Third Party Risk Management Executive at Bank of America
charlotte, north carolina, united states
Website:
bankofamerica.com
Employees:
250057
Justin Parker Work Experience Details
  • Bank Of America
    Svp, Business Control Executive
    Bank Of America Jul 2022 - Present
    Charlotte, North Carolina, United States
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  • Bank Of America
    Svp, Business Control Manager
    Bank Of America Jun 2018 - Nov 2022
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  • Bank Of America
    Svp, Senior Procurement Manager
    Bank Of America May 2014 - Jun 2018
    Charlotte, North Carolina Area
    Managed a six member team of sourcing professionals with accountability for the Consulting, Contract Labor, Global Delivery Center of Expertise, and IT professional services spend categories. Role includes portfolio accountability for +$2B in contracted vendor spend. This includes management of all sourcing activities (including SOWs, RFx events, master agreements and more) requesting the use of third party labor through Bank of America’s enterprise.
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  • Truist
    Vice President, Senior Sourcing Consultant
    Truist Apr 2012 - May 2014
    Charlotte, North Carolina Area
    Direct responsibility for managing global IT Services category (which included consulting, global delivery services, and other professional services) that totaled over $100MM in annual spendCreated category sourcing strategy and led RFP process for desktop support services that reduced operating costs by $6MM, which represented 25% of addressable spendPartnered with senior leaders in IT to develop multi-phase sourcing strategy for global application development services that netted $1.1MM in cost reduction while still in its early stagesDeveloped and implemented a repeatable reverse auction process for sourcing structured cabling projects which resulted in average cost reductions of 40% per project
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  • Bank Of America
    Vice President, Sourcing Manager
    Bank Of America Oct 2010 - Apr 2012
    Charlotte, Nc
    Direct responsibility for Call Center Services sourcing with responsibility for managing supply base totaling over $250MM in annual spendMaintained management responsibility of one associate in Bank of America's Management Associate ProgramPartnered with line of business leaders to lead RFP process in execution of their global site strategy which established two international call centers and significantly decreased cost through geographic labor arbitrageProactively identified several contract efficiency opportunities that led to savings of over $4MM in 2011Received recognition for support of supplier diversity efforts by identifying, qualifying, and awarding contracts to diverse suppliers where applicable
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  • Bank Of America
    Assistant Vice President, Sourcing Lead
    Bank Of America Jun 2008 - Sep 2010
    Charlotte, Nc
    Direct management of Tier 1 enterprise data services suppliers with annual contract spend of over $60MM.Expanded scope of role to include Card Rewards, Card Benefits and Telemarketing subcategories totaling an additional $100MM in enterprise spendDeveloped, led, and executed a sourcing strategy for the credit card benefits program that streamlined our supply base, mitigated risk, and yielded significant annual cost savings as a result.Mitigated enterprise contractual risk by improving contract terms and conditions for several operationally critical suppliers in all supported commodities.
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  • Bank Of America
    Sourcing Lead- Global Technology And Operations Sourcing (Equipment Leasing)
    Bank Of America Jun 2007 - May 2008
    Charlotte, North Carolina Area
    Maintained full ownership of managing contractual leasing activity, internal processes and transition deliverables for several suppliers totaling over $20MM in spend Gained valuable experience negotiating lessor contracts and learning the specifics of equipment financing.Contributed in developing process to appropriately leverage spend and increase value-added projects with critical suppliers that would increase the strategic focus of our work team.Eliminated financially and operationally risky month to month leases, resulting in significant annual savings.
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  • Bank Of America
    Sourcing Lead- Merchant Services Sourcing
    Bank Of America Jun 2006 - May 2007
    Charlotte, Nc
    Achieved Six Sigma Green Belt certification by developing process for increased visibility, cost savings and strategic alignment with the supported line of business. Obtained extensive contract knowledge in being a subject matter expert in contractual managed terms clean-up process for all existing Tier 1 and Tier 2 supplier contracts.Gained experience negotiating master services agreements, amendment, Statements of Work, etc. in a space where minimal leverage existed with supply baseDeveloped and managed e-RFx process for new wireless gateway supplier for BA Merchant Services which resulted in direct expense reduction and substantial risk mitigation for the supported line of business.
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  • Bendix Commercial Vehicle Systems Llc
    Supply Base Management Intern
    Bendix Commercial Vehicle Systems Llc Apr 2005 - Jan 2006
    Elyria, Oh
    Researched and coordinated opportunities for cost reduction through negotiation or resourcing of key machinery.Prepared and managed requests for quotation (RFQ) for all enterprise wide tooling equipment and supply needs.Analyzed quotations and assisted in obtaining capital appropriations for subsequent issuance of purchase orders.Assisted with manufacturability reviews and coordinated supplier part approval submittals.
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  • Bp
    Procurement/ Supply Chain Management Intern
    Bp May 2005 - Aug 2005
    Greater Chicago Area
    Collected and analyzed Tier II spend data from top retail suppliers for new strategy development.Detected inefficiencies that existed in the way our suppliers procured Tier II spend on BP’s behalfDeveloped plan to reduce expense based on aggregation and redeployment of suppliers based on region and capabilities.
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Justin Parker Education Details

Frequently Asked Questions about Justin Parker

What company does Justin Parker work for?

Justin Parker works for Bank Of America

What is Justin Parker's role at the current company?

Justin Parker's current role is Third Party Risk Management Executive at Bank of America.

What is Justin Parker's email address?

Justin Parker's email address is pa****@****ail.com

What is Justin Parker's direct phone number?

Justin Parker's direct phone number is (866) 607*****

What schools did Justin Parker attend?

Justin Parker attended Bowling Green State University.

Who are Justin Parker's colleagues?

Justin Parker's colleagues are Maura Carew, Violeta Inchaustegui, Isha Banga, Todd Wellentin, John F. Menges, John Axon, Tanya Chervinskiy Maslyanchuk.

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