Treasury Product Manager

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 - across all segments and industries. 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.

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Card Product Risk Management & Monitoring team is accountable for the risk and compliance aspects of the Commercial Card and Prepaid businesses. The team provides advice and counsel to the entire Card Product team globally on matters of risk management, bank policy and compliance.

Job Responsibilities:

• This role is responsible for areas related to Commercial Card and Intelligent Payables Product Risk mitigation, remediation, operational excellence, Policy & Procedure Standards updates, Enterprise Payment Policy adherence, and EMEA and APAC Product risk liaison.
• Develops and/or influences fraud mitigation strategy, driving product risk process and/or procedure changes in line with strategic solutions across the bank.
• Collaborates with internal Operations subject matter experts and research product-related fraud trends in order to provide an integrated and automated client experience.
• Understands product functionality, marketplace trends, and the competitive landscape to provide awareness and influence existing Product risk process, procedure, and/or policy.
• Partners with internal stakeholders to assess and execute Single Process Inventory enhancements.
• Develops issues remediation plans inclusive of drafting action step/s and liaising with Global Compliance and Operational Risk and/or Audit as required for on-time completion.
• Partners with internal stakeholders to obtain meaningful insights about Products to enhance and execute on-going risk mitigation monitoring and governance.

Required Qualifications:

• 2-3 years in banking industry

• Understanding of bank’s Risk Framework and can apply principles to business operations

• Analyze and format data for decision making purposes

• Strategic Thinker & Tactical Execution skillset

• Supports E2E Risk Management

• Must have strong knowledge of Microsoft Office Software, PowerPoint, Word, Excel

Desired Qualifications:

• Documented experience with risk management processes and proven ability to drive the process with business partners

• Documented experience with Prepaid Card product and/or processes

• Knowledge and documented experience with Tableau Software or Sequel a plus

• Experience in a risk or compliance role

• Business writer

Educational Requirements: Bachelors degree or equivalent work experience

Skills:

• Strong communication skills (both verbal and written)

• Information technology skills

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$105,000.00 - $166,200.00 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.