Job Description:
At Bank of America, each day brings innovation and opportunity. We are dedicated to turning technology advances into treasury solutions for our clients globally - across all segments and industries. We are looking for highly motivated, self-starters who can advocate for our clients in providing liquidity management, payments and receipts, trade and supply chain finance, FX and commercial card services, by complementing high tech with a personalized touch. Challenge the status quo and influence peers with diverse points of view. Forward thinkers with ability to see what's next in treasury management.
The future of treasury management is here at Bank of America.
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Card Product Risk Management & Monitoring team is accountable for the risk and compliance aspects of the Commercial Card and Prepaid businesses. The team provides advice and counsel to the entire Card Product team globally on matters of risk management, bank policy and compliance.
Job Responsibilities:
This role is responsible for areas related to strategic transaction review, operational excellence, Policy & Procedure Standards updates, Enterprise Payment Policy adherence, EMEA and APAC risk liaison and direct support of Prepaid Card product risk management.
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
Required Qualifications:
2-3 years in banking industry
Understanding of bank’s Risk Framework and can apply principles to business operations
Analyze and format data for decision making purposes
Strategic Thinker & Tactical Execution skillset
Supports E2E Risk Management
Must have strong knowledge of Microsoft Office Software, PowerPoint, Word, Excel
Desired Qualifications:
Documented experience with risk management processes and proven ability to drive the process with business partners
Documented experience with Prepaid Card product and/or processes
Knowledge and documented experience with Tableau Software or Sequel a plus
Experience in a risk or compliance role
Business writer
Educational Requirements: Bachelors degree or equivalent work experience
Skills:
Strong communication skills (both verbal and written)
Information technology skills
Shift:
1st shift (United States of America)Hours Per Week:
40Learn more about this role
Full time
JR-25016367
Manages People: No
Travel: Yes, 10% of the time
Illinois pay range:
$105,000.00 - $166,200.00 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.
New York pay range:
$105,000.00 - $166,200.00 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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