Director; Business Strategy & Initiative 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.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Responsibilities

• Participate in the development of GPS Innovation strategic direction and execution of related initiatives, particularly with respect to B2B payments and liquidity products.

• Act as an objective advisor to senior leaders across the payments space.

• Participate in sourcing and progression of concepts through the innovation funnel articulating client pain points, potential solutions, applicable frameworks, and business economics.

• Partner with SMEs across the organization to flesh out concepts and next steps.

• Develop requirements for test and learn, success metrics and criteria for proofs of concepts.

• Take learnings to design a phased commercialization approach partnering with product to deliver on concept vision.

• Maintain visibility into Payments industry trends and developments.

• Participate in payment innovation initiatives and product deployments across various jurisdictions, as a member of a multidisciplinary team.

• Develop and maintain relationships with various stakeholders.

• Analyze B2B, B2C, and C2B payment ecosystem trends to launch and commercialize products that will drive substantial ROI across various markets.

• Assess workflows across functional teams within Operations, Technology, Servicing, and Compliance teams.

• Serve as an expert at various industry conferences and steering committees.

• Understand and apply North American laws, rules, and regulations across complex payment products that span multiple jurisdictions.

Required Skills & Experience

• Bachelor's degree or equivalent in Economics, Finance, Accounting, or related: and

• 5 years of progressively responsible experience in the job offered or a related Quantitative occupation.

• Must include 5 years of experience in each of the following:

• Participating in payment innovation initiatives and product deployments across various jurisdictions, as a member of a multidisciplinary team;

• Developing and maintaining relationships with various stakeholders;

• Analyzing B2B, B2C, and C2B payment ecosystem trends to launch and commercialize products that will drive substantial ROI across various markets;

• Assessing workflows across functional teams within Operations, Technology, Servicing, and Compliance teams;

• Serving as an expert at various industry conferences and steering committees; and,

• Understanding and applying North American laws, rules, and regulations across complex payment products that span multiple jurisdictions.

• 10% domestic and international travel required, as necessary.

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

EMPLOYER:   Bank of America N.A.

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

$210,000.00 - $250,000.00 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.