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 managing complex/strategic product(s) and developing strategies across functional groups and within a product group. Key responsibilities include managing the full marketing cycle and financial responsibilities for specific product areas and driving innovative idea generation for the products under management. Job expectations include ensuring that the product management efforts are integrated with sales, technology, implementation, and servicing.
Responsibilities:
- Oversees a set of product(s) and maintains financial responsibility, including accountability for profit and loss activities such as revenue, profit margins, etc.
- Identifies and creates plans for product development, supporting the creation of sales training programs, and marketing materials to educate clients and internal teams on product capabilities
- Understands product functionality, marketplace trends, and the competitive landscape to provide awareness of trends to sales and marketing teams
- Develops and/or influences product strategy, driving products in cash management to provide comprehensive solutions across the bank
- Partners with internal stakeholders to obtain meaningful insights about markets, clients, and competitors in order to develop products that solve client needs and ensure high adoption rates
- 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: Models an inclusive environment for employees and clients, aligned to company D&I goals.
- Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
- Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
- Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
- People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
- Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
- Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
- Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.
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