Consumer Deposit Product Strategy & Performance Management Executive

Bank of America•Newark, NY

13h•Onsite

About The Position

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 developing and sponsoring short and long- term product management plans. Key responsibilities include conducting market research and competitor analyses, determining product pricing, developing short and long-term strategies, and identifying innovative opportunities to modernize product offerings and deliver a more unified customer. Job expectations include leading the management and development of products and ensuring that product management efforts are integrated with sales, marketing, operations, implementation, and customer service strategies. Additionally, this role is responsible for advancing the consumer deposit product growth strategy by translating analytical insights into actionable business direction and partnering closely with product, marketing, channel, and finance stakeholders. The leader will oversee and guide the performance management team while managing a diverse group of analytical professionals— ensuring focus, prioritization, and alignment with broader business objectives. The role directs the development and communication of insights that inform product strategy, influence executive decision‑making, and uncover opportunities to strengthen customer engagement and deposit growth. By collaborating with P&L owners and senior leaders, this role identifies and shapes solutions to complex business challenges, ensuring analytics are integrated with strategic priorities across partner teams. It also includes developing talent within the analytical discipline, strengthening their ability to interpret results, communicate insights, and drive business outcomes. Success requires experience managing sophisticated workstreams, leading teams to defined outcomes, balancing competing priorities, and applying strong business acumen within consumer financial services or product‑driven environments. 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.

Requirements

15+ years in data, analytics, or product management leadership roles within financial services or large enterprises.
Proven track record developing and integrating performance data into meaningful and accessible reporting processes
Strong strategic thinking and business acumen with ability to translate vision into execution.
Exceptional executive communication and influencing skills with a demonstrated ability to drive cross-enterprise initiatives.
Experience managing large teams with diverse skillsets across product and strategy.

Nice To Haves

Advanced degree in Business, Data Science or related fields preferred
Proficient with SQL, SAS, Microsoft Excel and PPT

Responsibilities

Owns a set of products and corresponding financials, including managing the investment profile and profit and loss (P&L) activities, such as revenue and profit margins
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
Develops long and short-term product strategy, driving products to provide comprehensive solutions across the bank
Leads a team responsible for identification of plans for product development, supporting the creation of sales training programs, and marketing materials to educate clients and internal teams on product capabilities
Instills a culture of continuous improvement and effective risk management
Consumer Deposit Growth Strategy: Leverage historical checking and savings products and offer performance data, and market dynamics to identify opportunities and size them for prioritization to advance Consumer Deposit Growth Strategy.
Leadership & Influence: Strategically advise cross-functionally with products, finance, marketing and strategy teams to translate insights into initiatives that enhance deposit acquisition, deepen client relationships, and optimize portfolio profitability
Data Enablement & Performance Management: Manage end to end performance measurement frameworks, ensuring accurate reporting, trend analysis, and actionable insights that drive product and offer decision.
Talent & Team Leadership: Lead a high performing analytics team responsible for producing, interpreting, and reporting performance insights across Consumer Deposit products, including Savings, Checking, and offers
Innovation & Risk Management: Stay at the forefront of Consumer Deposit products and trends to drive competitive advantage and reduce operational risk.
Financial Impact: Drive value realization of consumer deposit products via revenue growth and cost savings. Develop business cases, operating models, and performance frameworks for Consumer Deposit Products.
This position may also have responsibilities for managing associates.
Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.

Benefits

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.
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.

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