Treasury Product Associate - Payments

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 US Wire Product Management team as part of the International Payments team is responsible for end-to-end management and development of US Wire Payments Product for Bank of America's Global Payments Solutions (GPS) business. The team manages the US Wire product platform that is not only shared by all eight lines of business at the bank but also is required by the other bank products and services to operate, such as FX, cross-border RTP, Trade, Liquidity and Global Markets. The team is also responsible for overseeing and executing various large-scale industry initiatives such as the ISO 20022 implementation and 24x7x365 cross border payments processing. Addionally, the team supports all GPS corporate and commercial client segments, including multinational corporates, non-bank financial institutions, commercial/middle market and specialty industries such as gig economy players and fintechs, iconic tech companies and business banking clients.

This role is a key member of the US Wire Product Team and supports the head of US Wire Product and other senior product managers in various initiaves, such as delivering an industry-wide payments market infrastructure changes, and creating product strategies for senior executives and stakeholders. Some examples of the job responsibilities include:

Assist with creating and maintaining product risk routines (e.g. managing collection of risk metrics and KPIs)

Work closely with opperational, technical, and compliance partners to collaborate on a cross-functional projects

Assist with data/analytics for product performance

Assist with developing business cases to support technology and operational changes to improve product profitability and win market shares

There is not a better time to join this team, as the global payments business is going through an exceptional period of changes and evolution as investment in improvement in market infrastructures accelerates and the competitive landscape expands with bank and non-bank players such as fintechs. Managing US Wire product for one of the largest global USD clearers in the world will provide an exceptional opportunity for building strong industry profile, exposure to senior management and career development.

Required Skills:

• Strong communication skills - verbal and written

• Proficient in Microsoft Office Suite (Excel, PowerPoint, and Word)

• Ability to coordinate across various functions and regions

• Ability to work in a fast-paced, dynamic environment where priorities are often shifted and time-sensitive initiatives are brought in

• Attention to details and rigorous focus on accuracy of deliverables

• Bachelor's degree required

Desired Skills:

• Some experience with treasury payments products

• Experience of working in a large, global financial institution

• Some experience with analyzing and reporting business financials

Skills:

• Analytical Thinking

• Critical Thinking

• Product Design and Development

• Product Management

• Written Communications

• Oral Communications

• Presentation Skills

• Project Management

• Strategy Planning and Development

• Agile Practices

• Business Analytics

• Market Analysis

• Process Management

• Research Analysis

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

$95,000.00 - $107,400.00 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.