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. 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!

Job Description:

This job is responsible for managing the end-to-end product life cycle, including conducting market research and competitor analyses, determining product pricing, developing short and long-term strategies, identifying innovative opportunities to modernize product offerings and deliver a more unified customer experience, and adhering to the Product Risk Management policy. Job expectations may include ensuring that product management efforts are integrated with sales, marketing, operations, implementation, and customer service strategies.

Responsibilities:

• Identifies and creates comprehensive plans for product development and deployment, including supporting the creation of sales training programs and marketing materials to educate clients and internal teams on product capabilities

• Oversees a set of products and maintains financials, including managing the investment profile and profit and loss (P&L) activities, such as revenue and profit margins

• Provides information on product trends to sales and marketing teams leveraging knowledge of product functionality, marketplace trends, and the competitive landscape

•  Identifies opportunities to streamline or enhance product offerings to fit client's existing and future needs and support continued growth and operational excellence

• Manages risk through implementing and monitoring effective controls in partnership with key support partners

• 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

Required Qualifications:

• 7+ years’ Commercial Credit or Commercial Sales experience, including work across the value chain (from sales to underwriting, fulfillment and servicing) and/or

• 7+ years’ lending product management, process design or project management experience

• Ability to consider risk/reward balance

• Strong Excel and PowerPoint are necessary to succeed in this role

Desired Qualifications:

• 7+ years’ experience with underlying credit processes to deliver these products (sales, structuring, underwriting, monitoring, fulfillment, servicing, international credit…), project management, basic process design and risk/reward balance

• Undergraduate degree

• Ability to analyze and report complex data

Skills:

• Reporting

• Attention to Detail

• Collaboration

• Oral Communications

• Presentation Skills

• Product Management

• Process Management

• Continuous Improvement

• Executive Presence

• Problem Solving

• Market Analysis

• Business Analytics

• Influence

• Innovative Thinking

• Strategic Thinking

Shift:

Hours Per Week: