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 managing the end-to-end product life cycle, including conducting market research and competitor analyses, determining product pricing, developing short and long-term strategies, identifying innovative opportunities to modernize product offerings and deliver a more unified customer experience, and adhering to the Product Risk Management policy. Job expectations may include ensuring that product management efforts are integrated with sales, marketing, operations, implementation, and customer service strategies.
The Wealth Management Deposit Pricing Product Manager will:
- Manage Wealth Management Deposit Opportunity Pricing activity, serving as a primary point of coordination across specific Divisions of Wealth Management field leadership and internal partners.
- Contribute to continuous improvement of the opportunity deposit pricing processes, reporting, and governance practices
- Engage directly with Wealth field leadership to support opportunity‑based pricing requests, provide guidance on pricing parameters, and ensure timely, informed decisioning
- Partner closely with Finance and Line of Business leaders (as required) to align opportunity pricing decisions with financial objectives, funding considerations, and enterprise strategy
- Leverage the Opportunity Pricing SharePoint to support Opportunity Pricing activities:
- Monitor opportunity pricing activity, ensuring transparency, documentation completeness, and consistent process discipline.
- Identify and implement enhancements to SharePoint tools and workflows to improve tracking, reporting, controls, and overall user experience in support of the opportunity pricing process
- Produce and deliver quarterly reporting on the opportunity pricing portfolio, including volumes, trends, outcomes, and key observations for senior management and partner stakeholders. Provide back-up support for weekly opportunity pricing file reconciliation process and subsequent reporting.
- Ensure adherence to deposit pricing strategy, policies, and governance standards, proactively identifying risks, trends, or exceptions and escalating as appropriate
- Maintain strong operational rigor and controls, supporting transparency, audit readiness, and regulatory expectations
- Independently manage multiple concurrent priorities, exercising sound judgment, accountability, and effective stakeholder communication
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.
Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy
Responsibilities:
- Identifies and creates comprehensive plans for product development and deployment, including supporting the creation of sales training programs and marketing materials to educate clients and internal teams on product capabilities
- Oversees a set of products and maintains financials, including managing the investment profile and profit and loss (P&L) activities, such as revenue and profit margins
- Provides information on product trends to sales and marketing teams leveraging knowledge of product functionality, marketplace trends, and the competitive landscape
- Identifies opportunities to streamline or enhance product offerings to fit client's existing and future needs and support continued growth and operational excellence
- Manages risk through implementing and monitoring effective controls in partnership with key support partners
- Partners with internal stakeholders to obtain meaningful insights about markets, clients, and competitors in order to develop products that solve client needs and ensure high adoption rates
Required Qualifications:
- Comfortable working directly with front line sales and sales leadership in wealth management
- Ability to work in fast paced environment
- Accuracy & detail a must
- Quarterly reporting exp.
Desired Qualifications:
- Proficient in SharePoint and all MS 365 Suite
- Business support exp
- Series 7 license
Skills:
- Attention to Detail
- Collaboration
- Oral Communications
- Presentation Skills
- Reporting
- Continuous Improvement
- Executive Presence
- Problem Solving
- Process Management
- Product Management
- Business Analytics
- Influence
- Innovative Thinking
- Market Analysis
- Strategic Thinking
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), US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)
Pay and benefits information
Pay range
$102,000.00 - $145,100.00 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.
