Business Card Product Strategy Manager

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 performing strategic analysis to understand portfolio risk, increase profitability, and optimize operational performance. Key responsibilities include determining strategic priorities for the team, identifying trends, and leading efforts to maximize risk versus return for the business unit. Job expectations include using data and analytics to solve complex problems, coaching and developing employees, and partnering across technology, product, and risk leadership to drive performance.

This role will support the Small Business Card product, providing analysis to help identify growth opportunity, particularly within pricing and credit. There will also be responsibility to manage and maintain controls for pricing. The role will have a blend of strategic analysis, control management and project leadership.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Responsibilities:

• Performs complex analysis of financial models, market data, financial data, and portfolio trends to understand product performance and improve portfolio risk, profitability, performance forecasting, and operational performance
• Supports department-wide strategies and portfolio trend analysis, forecasting, and risk/control performance
• Leads innovation by identifying and championing large scaleinitiativesthat improve the risk management, profitability, and control oversight of risks for the business unit
• Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
• Coaches employees on best practices for structuring complex problems, performing analysis, and communicating the results and implications of their work
• Maintains strategic relationships with peers and counterparts across product, technology, and business control functions
• Develop and maintain controls to ensure SB card pricing is functioning as intended and clients are receiving appropriate treatment
• Identify opportunities to drive revenue and balance growth in both pricing and credit
• Lead workgroups to drive implementation of identified opportunities
• Perform strategic data analysis of card performance

Required Qualifications: 

• Proficiency with SAS/SQL
• Strong analytic skillset including ability to assess data sets, develop reporting, and perform detailed analysis.
• Ability to translate data analysis into business needs and leverage it to drive business outcomes.
• Experience developing and managing controls
• Experience developing and implementing business strategies
• Experience leading project workgroups
• Ability to act independently, taking general direction and identifying the specific steps or analysis required to complete the goal.
• Experience working with pricing and/or credit strategies
• Ability to communicate effectively with partners

Desired Qualifications:

• Advanced analysis/modeling skillset
• An understand of small business clients and their financial needs
• Experience with credit card product
• Expertise sharing analysis with executive leadership

Skills:

• Analytical Thinking
• Data and Trend Analysis
• Fraud Management
• Prioritization
• Talent Development
• Business