Director, Post Trade Product Manager

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:

The Global Markets Platform Group is looking for an individual to take responsibility to manage particular product and platform priorities for Global Markets Operations and Post Trade. The role will focus on technical Product Management requiring proficiency in Global Markets Post Trade to manage product and platform deliveries across a range of functions including Allocation, Confirmations, Booking, Netting, Settlement, Cash Payments, Collateral and Asset Servicing.

The role requires post trade experience and the candidate to be deeply familiar with the end to end lifecycle of products and flows across all business units; including Cash Equities, Repo, Bonds, OTC Derivatives, Swaps, Rates, Commods, FX as well as possessing industry experience and knowledge of key post trade products and offerings.

This further entails having a deep understanding of the markets, clients and products associated with these products and functions. The successful candidate will be a core subject matter expert and a critical pillar in driving operational workflow enhancements, implementing best in class technology solutions and helping deliver meaningful change across the Global Markets infrastructure.  

Role:

• Define Product strategy in close collaboration with Operations leads, Technology and Global Markets leadership
• Define detailed design requirements in conjunction with critical support partners. e.g. Technology, Sales & Trading, Compliance, Legal, Operations, ETRM,  etc.
• Manage and govern key Global Markets investment initiatives
• Drive detailed analysis of priority products, clients and markets to establish product baselines, peer insights and commercial opportunities
• Establish coherent, well defined business cases and work with management to pitch investment opportunities
• Be an active participant in discussions and influence decisions around the end to end lifecycle and the strategic post trade architecture

• Work closely with Technology and Product partners to maintain oversight of our investments, progress and regulatory obligations

Responsibilities

• Own and drive Product strategy for Global Markets Post Trade functions;
  • Define and document business opportunities and pitch investment cases
  • Document requirements and ensure product delivery aligns to user requirements
  • Measure product baselines and define KPIs, SLOs, SLAs and other target metrics
  • Explore industry, client and competitor trends to ensure product remains relevant and forward looking
• Ensure the ongoing delivery of critical product as follows:

• Robust governance and management of core investments and priorities
• Work and collaborate with IT and Support partners
• Influence and shape future investment and design decisions in  conjunction with management and business leads

Qualifications:

• Technology and Operations background with strong understanding of Cash Equities, Repo, Bonds, OTC Derivatives, Swaps, Rates, Commods and FX lifecycle
• Highly familiar with operational functions and workflows with a data driven and automation first mindset
• Experience delivering and driving technical solutions for Allocation, Confirmations, Booking, Netting, Settlement, Cash Payments, Collateral and Asset Servicing functions
• Comfortable managing diverse stakeholders and challenging status quo and current design principals
• Strong team work and ability to collaborate with others
• Excellent problem solver with an ability to work independently and comfortable working in a fluid environment with shifting priorities
• Highly motivated and strong desire to learn business and new technologies

Desired Qualifications:

• Experience with managing operational or system risk
• Some coding/scripting experience (with knowledge of best practices) in Java/Python preferred
• FINRA Series 7 and 63 registered
• Project Management certifications/Experience

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$300,000.00 - $300,000.00 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.