Bank of America

Compensation

Full Description

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: This job is responsible for managing complex/strategic product(s) and developing strategies across functional groups and/or 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 may include leading a team to ensure that the product management efforts are integrated with sales, technology, implementation, and servicing. Responsibilities: Responsibilities: Supports end to end risk management across Global Payment Solutions (GPS), with a focus on Risk across the Global Payments team (Payments, Receipts, Card, Trade, Banknotes and Liquidity.) Represents GPS product organization in key initiatives, including fraud risk monitoring / strategy, economic sanctions monitoring, risk evaluation of new product development, and law, rule, reg changes applicable to products. Coordinates and influences across various control partners such as Business Controls, COO, Global Banking Risk, Financial Crimes Compliance, Global Compliance and Operational Risk (GCOR), and other non- LOB partners on GPS risk matters Manages regular routines with Global Product including Executives, Product Managers & Other Partners to identify, track and review current open issues (SIIs, CEs, etc.), watch items, upcoming regulations & new product initiatives pipeline. Supports regulatory implementation projects and ensure regulatory requirements are clearly understood. Escalates issues or conflicts in legal and regulatory requirements as appropriate. Supports Sales and Product teams on Sanctions, Fraud, AML risk related issues including co-ordination and follow-up with Economic Sanctions compliance and Ops teams Leads, organizes, and maintains relevant risk related data on Global Payment Systems in which the Bank participates Assists in monitoring of key risk indicators across GPS products, including key control metrics, operational losses, client related complaints, and issues management (SII, RII, CEs) Qualifications: 4+ years experience in payments/transaction services and risk management experience in compliance/financial crimes/Audit/Sanctions/AML 4+ years experience in managing discussions with internal Audit/ Compliance /external Regulators. 5+ years Product Management or Product Development experience, preferably with a Payments background Proven ability to work in a demanding, fast-paced global environment, with flexibility towards rapid change Ability to act independently and drive execution, follow through with tasks and commitments, and retain sensitivity to when group consensus is required Ability to leverage cross-functional, globally disbursed, teams to prioritize, plan and execute, while retaining the agility to adapt to changing priorities Ability to manage details and complexity, returning high-level simplicity for senior management, and recommend workable solutions Ability to drive alignment via strong and efficient facilitation and presentation capability, synthesizing multiple inputs into a cohesive approach Ability and desire to think creatively to deliver business results both independently and as part of a team Ability to leverage cross-functional, globally disbursed, teams to prioritize, plan and execute, while retaining the agility to adapt to changing priorities Ability to wade through details and complexity, yet return high-level simplicity for senior management, and ultimately recommend workable solutions Ability to Drive alignment via strong and efficient facilitation and presentation capability, synthesizing multiple inputs into a cohesive approach Ability and desire to think creatively to deliver business results both independently and as part of a team Desired Qualifications: Transaction Banking/Cash Management/Trade Finance Risk experience within a large, global financial institution Familiarity with Sanctions related regulations/impacts relevant to Transaction Banking Payments/Transaction services and/or risk management experience Leading and Executing large scale projects across cross functional partners Proficiency in standard office tools, data analytics tools a plus Intellectually curious, confident, and passionate in communication and work-ethic, energized by continuous improvement and challenging the status quo interpersonal, communication (written and verbal) and relationship-building skills across all levels of an organization Undergraduate degree or equivalent work experience Skills: Process Management Product Design and Development Product Management Project Management Strategy Planning and Development Business Acumen Innovative Thinking Leadership Development Performance Management Agile Practices Business Development Oral Communications Process Effectiveness Relationship Building Minimum Education Requirement: Bachelors Degree or Equivalent Work Experience For internal employees; participation in a work from home posture does not make you ineligible to post. 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 $105,700.00 - $169,700.00 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. Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice 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. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe. Pay Transparency: https://careers.bankofamerica.com/en-us/pay-transparency