Sr. Product Manager - Workplace Benefits

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 leading daily management and development of Institutional Retirement products. Key responsibilities include developing, maintaining and executing the strategic plan of a product, delivering innovative solutions that meet the needs of Workplace Benefits clients, identifying gaps and developing solution plans. Job expectations includes leveraging product management and development expertise, leading complex projects across cross-functional teams with limited oversight and communicating complex information in a clear, concise and organized manner.

As a member of the Workplace Benefits Institutional Retirement Product Management team, the Senior Product Manager will be responsible for the strategic direction and product management for Equity Award and Stock Plan Service solutions for small, middle market and large companies. The individual will be responsible for managing multiple and complex product development initiatives, working with relationship and internal teams on equity and employee stock purchase plan product management items and new client opportunities. In addition, the position is responsible for developing and delivering best practice content to internal teams and clients, keeping them informed on product and industry related items.

Responsibilities:•

• Develops and executes strategies aligned to client and marketplace needs to meet business goals

• Understands competitive landscape to identify strategic opportunities and target markets

• Partners across cross-functional teams to drive development of product solutions and capabilities

• Collaborates with key stakeholders to develop go-to-market strategies and product positioning

• Develops and manages risk mitigation strategies and understands changing regulatory landscape

• Develops business cases, organizes information and documents recommendations to move the product forward

• Identifies opportunities to simplify, improve processes, reduce operating risk and control expenses

• Identifies and creates comprehensive plans for product development and deployment, including supporting the creation of user guides and educational content to inform clients and internal teams on product capabilities.

• 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 to develop products that solve client needs and ensure high adoption rates

• Develops and influences product strategy, driving products to provide comprehensive solutions across the enterprise

• Coordinate projects with various internal departments including Sales, Service, Technology, Marketing, Legal, Risk, Compliance, and other control partners

Requirements:

• 10+ years expertise in Equity Compensation Administration and/or Employee Stock Purchase Plan products

• Familiar with the Agile methodology of project management

• Superior interpersonal skills necessary to communicate complex information to a wide variety of personnel in a clear, concise, and well-organized manner

• Excellent relationship building skills are required to build relationships with Financial Advisors, external partners, and internal partners

• Ability to manage conflict and bring issues to resolution

• Excellent analytical skills with a particular strength in making sound business decisions

• Ability to manage complex projects and work within cross-functional teams

• Excellent presentation skills

Desired:

• Certified Equity Professional (CEP) designation (or willingness to obtain once hired)

• Bachelors degree or equivalent work experience preferred

Skills:

• Business Acumen

• Data Management

• Verbal & Written Communications

• Presentation Skills

• Benefits Plan Development

• Business Analytics

• Collaboration

• Executive Presence

• Sales Performance Management

• Analytical Thinking

• Benchmarking

• Innovative Thinking

• Problem Solving

• Product Management

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

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 - CO - Lone Tree - 10375 Park Meadows Dr - Parkridge Four (CO9375), US - NJ - Pennington - 1400 American Blvd - Hopewell Bldg 4 (NJ2140)

Pay and benefits information

Pay range

$102,600.00 - $166,600.00 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.