Head of ISG Product Governance

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 a diverse and 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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

Investment Solutions Group (ISG) provides access to a comprehensive wealth management platform that can help clients easily identify and prioritize goals, create a plan and a personalized strategy. Through a highly effective investment process, the organization provides investment solutions across all product platforms and asset classes through a comprehensive due diligence and oversight process for client portfolios. It also coordinates the investment strategy for wealth management advisors and clients, harmonizing and distilling market themes, identifying trends and supporting our client-focused investing approach.

The Head of Product Governance will report to the ISG Governance Executive and will be responsible for supporting the governance functions for Alternative Investments, Traditional Investments, and Personal Retirement lines of business in ISG.  This role will be responsible for establishing and overseeing the governance structure for the lines of business including managing governance meeting routines, process inventory administration, policy and procedures, and exception management.  In addition, the role will work directly with enterprise and line of business leadership to implement solutions that resolve critical business challenges.  The individual will also engage with other ISG governance peers to drive governance process efficiencies across ISG.

Position will direct and manage governance & risk related processes for one or more complex business groups. Exercises judgment and influences senior business managers and peers to ensure enforcement of strong risk and governance management while balancing business strategy. Works with the senior leadership to develop, implement and communicate Corporate Risk Management mission, goals and strategies. Proactively manages the relationships with regulatory agencies, external consultants and other internal risk management groups.

Job Responsibilities:
•    Partner with lines of business to design an effective risk and control environment and ensure adherence to enterprise-wide standards
•    Oversee Issue Management activities end-to-end, including development of action plans for self/audit /compliance-identified issues
•    Engages with regulators, participating in meetings between business leaders and regulators and overseeing responses to regulatory inquiries
•    Fosters a best in class operating and risk management culture and acts as a trusted resource across the Lines of Businesses

Required Qualifications:

• Deep understanding of investment products within asset and wealth management

• Strong leaderships skills with the ability to influence stakeholders at all levels
• Exceptional written and verbal communication skills
• Executive presence and ability to lead meetings, including meetings with executive participants

• Strong analytical and problem-solving skills
• Significant business knowledge of risk management and regulatory interactions

Desired Qualifications:

•    12+ years of experience in financial services industry or experience in a related field.
•    Bachelor’s degree or equivalent 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

$202,500.00 - $290,600.00 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