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!
Job Description:
The US Wire Product Management team as part of the International Payments team is responsible for end-to-end management and development of US Wire Payments Product for Bank of America's Global Payments Solutions (GPS) business. The team manages the US Wire product platform that is not only shared by all eight lines of business at the bank but also is required by the other bank products and services to operate, such as FX, cross-border RTP, Trade, Liquidity and Global Markets. The team is also responsible for overseeing and executing various large-scale industry initiatives such as the ISO 20022 implementation and 24x7x365 cross border payments processing. Finally, the team supports all GPS corporate and commercial client segments, including multinational corporates, non-bank financial institutions, commercial/middle market and specialty industries such as gig economy players and fin-techs, iconic tech companies and business banking clients.
This role, as the key player and senior member of the US Wire Product Team, will drive product enhancements to eliminate client pain points and strategize for sophisticated client business requirements in improving the product capabilities, while navigating the broad, cross-functional organization and working collaboratively across multiple technology, operations, risk and compliance teams. The role will spearhead both mandated and business-driven product changes, ensuring business requirements are properly prioritized by partner teams, and also drive high-profile, critical product risk management deliverables with the exposure to senior management.
There is not a better time to join this team, as the global payments business is going through an exceptional period of changes and evolution as investment in improvement in market infrastructures accelerates and the competitive landscape expands with bank and non-bank players such as fin-techs. Managing US Wire product for one of the largest global USD clearers in the world will provide an exceptional opportunity for building strong industry profile and career development.
Required Qualifications:
Wholesale payments and/or corporate payments experience
Treasury Services and Transaction Banking businesses knowledge
Lead global, cross-functional teams across various regions
Work in a fast-paced, dynamic environment where priorities are often shifted and time-sensitive initiatives are brought in
Desired Qualifications:
Treasury product management experience
End-to-end wire payments process flow knowledge
Strategic advisory experience of identifying issues and areas of improvement in the existing processes and executing strategic changes
Product risk management at a large, regulated global financial institution experience
Business understanding of wholesale payments related Laws, Rules, and Regulations in the US Wire industry
Minimum Educational Qualifications: Bachelor's degree or equivalent work experience
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
Communication Skills - verbal and written
Shift:
1st shift (United States of America)Hours Per Week:
40Learn more about this role
Full time
JR-25011585
Manages People: No
Travel: Yes, 5% of the time
New York pay range:
$105,000.00 - $250,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
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