Product Management Executive II

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 managing the Bank of America Branded Cards portfolio including our Cash Back, Non-Rewards, Travel, Student and Secured products. Key responsibilities include leading product management teams, oversight of market research and competitor analysis, and identifying innovative opportunities to modernize product offerings and deliver a more unified customer experience, and overall P&L management. Job expectations include comprehensive strategic planning and ensuring that product management efforts are integrated with marketing, credit, and customer service strategies.

Responsibilities:

Owns a set of products and corresponding financials that may be more complex, including managing the investment profile and profit and loss (P&L) activities, such as revenue and profit margins

• Develops long and short-term product strategy, driving products to provide comprehensive solutions across the bank

• Manages a team responsible for identification of product enhancements and/or new product launches, new capabilities, and go-to-market strategies

• 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

• Partners with key functional partners to deliver new accounts, existing client engagement and retention within products managed

• Delivers management experience and subject matters expertise

• Instills a culture of continuous improvement and effective risk management

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

• Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.

• Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.

• Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.

• Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.

• People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.

• Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.

• Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.

• Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

Skills:

• Influence

• Innovative Thinking

• Oral Communications

• Product Management

• Strategy Planning and Development

• Business Development

• Executive Presence

• Relationship Building

• Strategic Thinking

• Business Analytics

• Client Experience Branding

• Collaboration

• Continuous Improvement

• Presentation Skills

Education Requirements: Bachel