Product Manager, Virtual Account Management (VAM), North America

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 an 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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

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. Powered by people. Driven by Technology. Responsible for supporting the activities related to product retirements and end-of-life along with, execution for products and services specific to how our Global Banking clients interact with Bank of America.

• P&L responsibility - drive revenue and improve margins

• Help execute product governance routines, risk management, influence product strategy and roadmap

• Partner with broader Global Payment Solution (GPS) team on opportunities to leverage our broader set of Treasury products to add value to Receivable and Merchant clients using our internal capabilities

• Interact with clients to understand their challenges and opportunities related to their onboarding experience & reporting data analytic requirements

• Lead & support the innovation on next generation of product and services geared towards how VAM will interact with the bank.

• Execute on strategy and partner with bank stakeholders like our Product Platform, Business Engineering, Tech, Commercialization and Servicing teams on new product launches and enhancements

• Provide client facing support for large complex deals in partnership with Sales and Consultants

• Drive internal and external marketing

Required skills:

•Excellent written and verbal communication skills

•Strong critical thinking and problem-solving skills

•Ability to manage multiple initiatives simultaneously, including End-to-end ownership of assigned tasks, initiatives and projects

•Demonstrates flexibility and openness to new ideas and to change; adapts to changing environments, situations, and job responsibilities

•Strong quantitative and qualitative analytical skills - including P&L management and data driven business case development

•Skills to engage in projects which integrate multiple facets of the business and various business partners experience

•Product execution and/or operational experience

•Fundamental understanding of finance/financial performance reporting

•Ability to communicate effectively with executives, solid executive presence

•Analytical problem solver and the ability to work as an individual as well as a member of a team

•Ability to develop rapport easily with executives, peers and partners

•Effective time management and prioritizing skills. Ability to demonstrate initiative and problem solving with minor direction

•Ability to adapt well to change or changing priorities based on the needs of the business

•Effective organizational skills with ability to manage multiple projects

•Strong proficiency with Outlook, Word, Excel and PowerPoint

Desired skills:

- Significant GPS product experience   

- Bachelor’s degree or comparable professional experience

- Product strategy experience

- Consultative and problem solving background

- Technical skills for BI Reporting tools - Tableau, GTS BI, etc.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range$75,000.00 - $122,200.00 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.