Product Manager Enterprise Credit

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed build a career and contribute to our shared success. This includes attracting and developing exceptional talent recognizing and rewarding performance and supporting our teammates physical emotional and financial wellness through affordable competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service community college education or a wide range of work and life experiences. These journeys foster resilience leadership and innovation strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration engagement and career development. Our approach includes clear in-office expectations while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

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 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.

Join the Enterprise Credit Commercial Pricing Strategy team and help shape the future of pricing technology and analytics. We are building the next generation of pricing capabilities that will transform how bankers evaluate opportunities understand client profitability and make strategic pricing decisions. Our team sits at the intersection of product management data strategy financial analytics and technology delivery driving the evolution of a platform used to support critical commercial banking decisions.

As a Product Manager you will:

• Support the evolution of the commercial credit pricing platform by partnering across business technology data finance and risk teams to define and deliver strategic product enhancements.
• Drive the creation of scalable data reporting and analytics capabilities that improve pricing transparency decision support and business outcomes.
• Serve as a bridge between business stakeholders and technology partners translating complex pricing capital profitability and operational requirements into product solutions.
• Contribute to the development of financial modeling capabilities supporting relationship returns capital consumption profitability analysis and portfolio performance measurement.
• Partner with stakeholders across Banking Finance Treasury Risk and Data Management to modernize pricing processes and enhance decision-making through technology and analytics.

This is a unique opportunity to combine product management data and analytics and banking finance expertise while helping build a modern pricing platform that supports commercial banking teams across the enterprise.

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 ofproducts 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 clients 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
• Lead business requirements prioritization and execution of enhancements for the next-generation pricing platform including user experience workflow data and reporting capabilities.
• Partner with technology and data teams to design and implement data ingress and egress solutions ensuring high-quality and scalable integration across enterprise systems.
• Develop and maintain reporting dashboards and analytical frameworks that provide actionable insights into pricing performance portfolio trends client profitability and product utilization.
• Support the evolution of financial models used to evaluate deal economics return on capital profitability and other key commercial banking performance metrics.
• Facilitate collaboration among business finance risk and technology partners to ensure successful delivery of strategic initiatives and adoption of new capabilities

Required Qualifications:

• 5 years of experience in Financial Services Industry
• Experience in commercial banking corporate banking credit products treasury management or related financial services disciplines.
• Strong analytical and problem-solving skills with demonstrated experience working with complex data sets business intelligence tools and financial reporting.
• Understanding of financial concepts including profitability measurement return on capital income statement drivers and performance analytics.
• Excellent communication and stakeholder management skills with the ability to influence and collaborate across multiple functions and levels of the organization

Desired Qualifications:

• Experience supporting pricing profitability portfolio management treasury finance or commercial credit analytics functions.
• Experience with Tableau Alteryx Power BI SQL Python or similar data and analytics tools.
• Familiarity with data architecture data governance API integrations and enterprise reporting environments.
• Experience leading or supporting large-scale technology implementations product transformations or agile delivery initiatives.
• Knowledge of commercial banking pricing methodologies regulatory capital concepts liquidity treasury or wholesale banking financial management.

Skills:

• Attention to Detail
• Collaboration
• Oral Communications
• Presentation Skills
• Reporting
• Continuous Improvement
• Executive Presence
• Problem Solving
• Process Management
• Product Management
• Business Analytics
• Influence
• Innovative Thinking
• Market Analysis
• Strategic Thinking

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)

Pay and benefits information

Pay range

$112000.00 - $162500.00 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.