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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
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Job Description:
This job is responsible for executing the GPS strategic mandate within the assigned product area. Key responsibilities include developing and implementing broad functional objectives for the product area and providing awareness to teams on the trends in product development and deal structures. Job expectations include having knowledge of the bank's and competitor's view on market outlook, interest rates, and economic forecasts.
Responsibilities:
- Oversees a set of product(s) and maintains financial responsibility, including accountability for Profit and Loss activities such as revenue, profit margins, etc.
- Oversees a team responsible for identification of plans for product development, supporting the creation of sales training programs, and marketing materials to educate clients and internal teams on product capabilities
- Oversees the review of revenue, volume, and profitability for product sets and presents findings to Senior Product Management leaders and/or Global Treasury Services management
- Oversees the development of product strategy, driving products in cash management to provide comprehensive solutions across the bank
- Oversees and implements the functional and strategic objectives for the assigned product area
- Drives transaction and revenue growth and manages associated financial processes (i.e., forecast, monthly flash reporting, etc.)
- Collaborates with internal technology subject matter experts and researches product-related trends in order to provide an integrated and automated client experience
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
- Diversity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company D&I goals.
- Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
- Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
- Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
- People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
- Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
- Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
- Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank's capabilities to meet client needs and to gain competitive advantage.
Desired Skills:
- Business Development
- Executive Presence
- Leadership Development
- Performance Management
- Strategy Planning and Development
- Business Acumen
- Innovative Thinking
- Organizational Effectiveness
- Product Management
- Relationship Building
- Financial Analysis
- Oral Communications
- Process Effectiveness
- Product Design and Development
- Project Management