Global Transactional FX Product Associate

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:
 

At Bank of America, each day brings innovation and opportunity. We are dedicated to turning technology advances into treasury solutions for our clients globally. We are looking for highly motivated self-starters who can advocate for our clients in providing liquidity management, payments and receipts, trade and supply chain finance, FX and commercial card services, by complementing high tech with a personalized touch. Challenge the status quo and influence peers with diverse points of view. Forward thinkers with ability to see what's next in treasury management. The future of treasury management is here at Bank of America. Powered by people. Driven by technology.  

The Global Transactional FX, Cross-Border RTP, & Clearing team seeks a driven, highly communicative junior leader to spearhead the development and growth of the U.S. & International variations of the FI FX product suite--both standalone and as a settlement method within the anniclary services and product overlays such as FX Trade and Pay--and to power the refinement and execution of the FI FX Product strategy, in partnership with the Head of FI FX Product and with the Global Clearing team.  As a GPS FX Product Associate, candidate will be responsible for partnering with FX Specialized Product Sales, GPS Sales, Client Coverage, eFX Sales, and TFX Trading to grow GPS and TFX revenue aligned to the products managed.

Job responsibilities:

* The development and execution of strategies aligned to the management of the Transactional FX product suite

•Helping to develop the multi-year go-forward strategy across the product suite, in addition to helping to define and execute on the cross-product multi-year investment strategies and approach

• Helping to drive revenue and notional value growth through the creation of growth strategies, including marketing campaigns, sales collateral, and internal/external product education

• Representing Bank of America as a firm and GPS as a business at industry conferences and acting as a practitioner during product webinars and lunch & learn sessions

• Developing analytics by client, country, region and product as well as performing research to understand industry trends

• Developing and executing product roadmap in partnership with regional Product, Technology and Operations

• Development of business cases (revenue/cost reduction/market share) to invest in product enhancements/product extensions

• Working closely with FX Sales and GPS Sales partners to design sales pitches, attend sales calls, and provide detailed product expertise

• Working with Sales and Product colleagues across regions to promote cross-currency payments capabilities and pursue marquee deals, including coordination with regional product partners in developing, implementing, and promoting required capabilities

• Playing an active role in the management & maintenance of the risk framework across the FI FX product portfolio

Required skills:

- Confident and Agile: Seeking strong communicators who value giving and receiving feedback, easily build relationships, and are quick-thinking, flexible, and continually learning and sharing knowledge

-Exhibit the foundation for a breadth of understanding of the business challenges facing the bank’s clients, as they relate to cross-border payments and FX. An ability to translate this knowledge into smart business & process decisions that deepen client relationships and increase market & wallet share.

• Ability to analyze, determine, drive and build solutions, both independently and in collaboration with team management and across GPS Product, Platform, & Sales teams.

• Propensity to develop strong grasp of critical principles of risk management, including compliance & operational risk.

Results Orientation

• Track record of developing and executing on product growth plans and strategies or of accomplishing comparable objectives

 •  Demonstrates ownership mindset grounded in intellectual curiosity and desire to add value

Relationship Building and Influence

•  Recognized as a person of impact, engendering trust and loyalty in cross-functional initiatives as well as with clients & stakeholders.

•   Have the ability to converse and make impact across varying levels of a client’s organization.

•  Analytical skills sufficient to identify trends/opportunities within financial/market data and to locate/interpret competitive information.

•  Strong written and verbal presentation skills, particularly in synthesizing large amounts of information into concise messaging for executive management & key stakeholder consumption.    

Desired skills:

•  Strategic, logical, and clear thinker.

•  Highly motivated and tenacious; perseverant and resilient in pursuing objectives despite challenges.

•  Patient, as internal negotiation/prioritization is required.

•  Organized and attuned to / curious about detail.

•  Solid command of Microsoft office software: PowerPoint/Excel/Word

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 - $105,000.00 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.