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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
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Job Description:
Global Payment Solutions (GPS) provides liquidity management, payments and receipts, trade and supply chain finance, foreign exchange, and commercial card services to three million small businesses, thousands of middle market companies, and to multinational corporations, financial institutions, and governments around the world.
As a Product Manager in the India Trade Product team, you will work as part of a team to successfully deliver the product strategy to India clients covering various client segments. Your role will include product development and commercialization, driving assets and revenue growth, cost management, risk management, meet and consult with clients towards client solutioning, active engagement with key stakeholders including compliance, operations, technology, legal etc.
Responsibilities:
- Manage in-country products / solutions in terms of development, maintenance and active commercialization
- Engage with various stakeholders i.e., Sales, Corporate Treasury, Finance, Operations and Services to deliver on planned revenues and core driver growth year on year across client segments
- Build and maintain positive working relationships with key local and regional business partners
- Maintain overall product line knowledge, and stay abreast of industry trends, regulatory changes (from the government, industry and banking associations) and competitive offerings
- Manage BAU product with product competitor gap analysis, client pricing and P&L analysis
- Be responsible for the P&L of the products being managed
- Work closely with sales teams in structuring client centric solutions for deals and RFPs
- Help ensure client deals (standard and non-standard) meet risk & compliance guidelines
- Develop product-training materials and sales tools
- Provide training to Sales and other business partners, as needed
- Maintain a thorough understanding of all associated drivers and metrics
- Identify and pre-qualify new ideas with India Trade Product head, provide subject matter expertise to new product development throughout the development life-cycle, as needed
- Maintain a thorough comprehension of the external market environment - competitive environment, market developments and trends, industry developments and mandates
- Active participation in risk management forums
Skills:
- Product Design, Development and Management
- Product Management
- Project Management
- Strategy Planning and Development
- Process Management
- Performance Management
- Business Acumen
- Innovative Thinking
- Business Development
- Relationship Building
- Agile Practices
- Process Effectiveness
- Excellent Communication skills
- Expert knowledge of Indian regulatory landscape relevant to the trade product set
Minimum Education Requirement:
- Master's Degree with a min of 8-10 years of banking experience