Business Strategy & Intelligence Senior Manager - Director of Strategic Initiatives, Strategy & Business Ventures

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:
Develops and manages cross-Consumer & Small Business strategy formulation, initiatives, and insights. Advises senior-level leaders on strategic decisions, and partners across the enterprise to deliver integrated strategy and achieve growth objectives. Influences key process changes and investments, based on highly complex market insights and business strategy.

Manages and develops talent in an inclusive environment.

The Strategy & Business Ventures team is an internal strategic consulting function across four of Bank of America’s eight major lines of business, including Retail Banking, Preferred & Small Business Banking, Business Banking and Global Commercial Banking, as well as partner organizations.

We build and accelerate new business capabilities such as Client Experience, Product Innovation, FinTech, Strategic Ventures and Portfolio Management by leveraging and developing top talent, all in pursuit of Bank of America’s purpose to help make financial lives better through the power of every connection.

We’re a passionate, rigorous, and fun-natured team that thrives in ambiguous and uncertain spaces, rapidly bringing new concepts to market, while building strong horizontal connectivity throughout the organization. We believe that by unlocking the potential within each individual and the collective team, we will have a meaningful, lasting impact on our teammates, clients, communities, and business.

We drive responsible growth by:

• Launching growth plans to reach new markets by leveraging new technologies, expanding our reach with new clients and continuing to solve client needs
• Building new products and solutions through market sizing, client needs analysis, new product development and more
• Transforming operations on a national scale
• Launching new business ventures by developing new business models, piloting growth efforts and forming strategic partnerships

Responsibilities:

As a Strategy & Business Ventures director, you will own and deliver high impact, high visibility strategic initiatives across Regional Banking with your 6–12-person bespoke strategy team.  This role works closely with business unit leaders to ideate new growth opportunities, transform strategic vision into actionable roadmaps, and mobilize cross-functional teams.  In parallel, you will be directly responsible for shaping new-to-bank talent from top undergraduate and MBA institutions as well as distinguished military veterans, positioning Bank of America as a best-in-class employer for future new hires.

Your key focus areas:

• Own top priority strategic initiatives from ideation through execution – working with business leaders to identify opportunities, scope initiatives, align resources, build project plans, and report on overall progress
• Lead project teams by managing day-to-day execution, assigning tasks, providing guidance, and ensuring quality team deliverables
• Develop and present actionable business recommendations to advance top business priorities
• Guide and mentor junior talent to support their professional growth and development
• Represent Bank of America and participate in recruiting and engagement events as a method of top talent acquisition (travel may be required)
• Drive results with a high degree of accountability, without direct authority, and with exceptional attention to detail
• Champion the Strategy & Business Ventures delivery and development culture

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: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals.
• Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
• People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
• Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Required Qualifications:

Your team-first orientation, uncommon desire to bring new concepts to life, and growth mindset to help unlock the potential in others is critical to success:

• 5+ years of professional experience leading cross-functional, strategic initiatives to deliver high impact outcomes in the financial services industry
• Experience in corporate strategy, management consulting, investment banking, or corporate development roles is a plus
• Exceptional strategic thinking and problem solving skills to examine business challenges objectively and develop data-driven analyses, informing go-forward recommendations
• Rigorous quality standards and attention to detail for all work products
• Outstanding communication, storytelling, and presentation skills (both verbal and written, including PowerPoint), able to concisely summarize key observations, clearly articulate considerations, and propose solutions and next steps
• Strong ability to collaborate and engage across functions and business lines and build strong working relationships with business partners at all levels of management
• Multiple years of experience managing teammates with responsibility for work quality output, timely work completion, and teammate development

Desired Qualifications:

• Bachelor's degree from an accredited four-year university
• MBA or an advanced business degree from a top-tier institution
• Direct managerial experience with formal talent management processes

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100)

Pay and benefits information

Pay range

$130,000.00 - $207,500.00 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.