Job Description:

Job Title: Liquidity Product Manager

Corporate Title: Vice President

Location: London

Company Overview

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!

London Location Overview

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Global Payments Solutions Group

Bank of America’s Global Payments Solutions (GPS) business is hiring. Our focus on combining cutting-edge technology with innovative solutions, means we consistently deliver exceptional results for our clients.

Do you want to be part of our award-winning team? We are proud to:

• Be a leading finance provider of treasury and cash management solutions

• Deliver for over 100,000+ clients globally, including over 73% of the Global Fortune 500

• Be at the forefront of delivering treasury solutions across all segments and all industries, from middle-market businesses to the world’s largest corporate and financial institutions

• Provide a personalised service for our clients, backed with high-tech for their liquidity management, payments and receipts, trade and supply chain finance and FX and commercial card services

We want to hear from you if you are:

• A highly-motivated individual

• Has a client-centric focus who can advocate on their behalf

• Can challenge the status quo

• Collaborate with peers as well as having the ability to influence the conversation with diverse points of view

• Innovative with forward-thinking ideas

The Team

Opportunity for a Liquidity Product Manager to join the Global Liquidity Management team which is responsible for developing innovative cash management solutions.

You will be responsible for Liquidity Management products across EMEA and Project Management of technology enhancements of the Liquidity product set. This includes responsibility for existing products and new developments, managing the products throughout the life cycle, the relevant products P&L in line with defined budgets and plans.

Responsibilities

Responsibilities include, but are not limited to, the following:

Product Development:

• Key role within Liquidity Product Management to drive product innovations and manage the liquidity development roadmap to grow our proposition internationally.

• Conduct comprehensive pricing analysis to evaluate market trends, competitor pricing strategies, and client behaviour.

• Perform market research to understand the local needs and requirements for product improvements.

• Execute on product development roadmap with Product Managers and Sales.

• Develop product strategy and business plans to secure funding for new products/enhancements to existing products.

• Manage product changes throughout the development life cycle and ensure adherence to risk & compliance guidelines.

Project Management:

• Manage stakeholder relationships to drive international development, including driving forward change with our Technology teams.

• Oversee project execution, of defined project tasks through tracking of deliverables and their statuses and measuring progress and communicating project statuses and progress effectively.

Product Management:

• Day-to-day management of product activities across Liquidity Products.

• Identify and implement solutions to improve the efficiencies of processes.

• Conduct and update regular product reviews and risk assessments in line with regional governance.

• Evaluate, monitor, and mitigate product risks and ensure compliance to any relevant regulations.

• Produce and monitor daily and monthly reports of key performance indicators (KPI) to manage and drive Product P&L revenue target and identify emerging balance and revenue trends.

• Develop and drive commercialisation strategy for product suite and for international product development roadmap as part of wider value proposition.

• Balance sheet management support.

What we are looking for

• Banking knowledge, including thorough understanding of liquidity management, including liquidity structures, interest rates and foreign exchange strategy.

• Ability to drive revenue opportunities for products across client base as well as client strategy.

• Experience in developing business marketing and communication strategy.

• Proven successful track record of new product development and solid understanding of product lifecycle methodology.

• Good understanding of the risks related to liquidity products and solutions.

• Knowledge of tax and regulatory landscape related to liquidity in EMEA.

• Ability to foster strong partnerships with key stakeholders, driving and maintaining relationships and partnering with product leads across the product development lifecycle.

• Strong financial, analytical, and strategic skills.

• Proven product, operational or business management experience.

• Effective project management skills.

• Excellent communication skills both written and verbal.

• Strong presentation, consultative and relationship skills.

Benefits of working at Bank of America

UK

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum

• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.