Global Transactional FX Product Manager

Bank of America • New York, NY

2d • $105,700 - $164,700 • Onsite

About The Position

The Global Transactional FX team is seeking to add a team member to assist in product commercialization and performance management for our automated FX product suite, financials, in addition to supporting operational risk deliverables. This role involves developing data-driven insights and analytics to identify trends and opportunities, creating business cases for product enhancements, and partnering closely with sales and trading teams to drive revenue. A key aspect of the role is leading operational risk and control processes, ensuring a robust risk management framework, and overseeing risk-related activities. The position requires strong communication, analytical, and relationship-building skills, with a solid understanding of cross-border payments and FX, as well as risk management principles.

Requirements

• Strong communicators who value giving and receiving feedback, easily build relationships, and are quick-thinking, flexible, and continually learning and sharing knowledge.
• Breadth of understanding of the business challenges facing the bank’s clients, as they relate to cross-border payments and FX.
• Ability to translate knowledge into smart business & process decisions that deepen client relationships and increase market & wallet share.
• Ability to analyze, determine, drive and build solutions, both independently and in collaboration with team management and across GPS Product, Platform, & Sales teams.
• Propensity to develop strong grasp of critical principles of risk management, including compliance & operational risk.
• Track record of developing and executing on product growth plans and strategies or of accomplishing comparable objectives.
• Demonstrates ownership mindset grounded in intellectual curiosity and desire to add value.
• Recognized as a person of impact, engendering trust and loyalty in cross-functional initiatives as well as with clients & stakeholders.
• Ability to converse and make impact across varying levels of a client’s organization.
• Analytical skills sufficient to identify trends/opportunities within financial/market data and to locate/interpret competitive information.
• Strong written and verbal presentation skills, particularly in synthesizing large amounts of information into concise messaging for executive management & key stakeholder consumption.
• Drive a consistent and robust risk management framework, including governance, controls, and adherence to the bank’s risk appetite.
• Partner with stakeholders across regions, products, and control functions to ensure risk alignment, transparency, and execution of key deliverables.
• Oversee risk-related activities including control design, metric establishment, risk assessments, issue management to ensuring timely and effective resolution.
• Solid command of Microsoft office software: PowerPoint/Excel/Word
• Bachelors Degree

Nice To Haves

• Strategic, logical, and clear thinker.
• Highly motivated and tenacious; perseverant and resilient in pursuing objectives despite challenges.
• Patient, as internal negotiation/prioritization is required.
• Organized and attuned to / curious about detail.
• Process Management
• Product Design and Development
• Product Management
• Project Management
• Strategy Planning and Development
• Business Acumen
• Innovative Thinking
• Leadership Development
• Performance Management
• Agile Practices
• Business Development
• Oral Communications
• Process Effectiveness
• Relationship Building

Responsibilities

• Develop data-driven insights and analytics across clients, products, and geographies to identify trends, opportunities, and competitive positioning.
• Develop business cases to support product enhancements and expansion, including ROI, cost efficiencies, and market share impact.
• Partner closely with FX Specialized Product Sales, GPS Sales, Client Coverage, eFX Sales, and Trading to drive pipeline and achieve revenue targets.
• Support complex deal origination by providing deep product expertise, participating in client presentations, and structuring solutions.
• Collaborate across regions to promote cross-currency payment capabilities and execute on strategic, high-value client opportunities.
• Serve as the lead for operational risk and control processes across the Global Transactional FX and Cross-Border Real-Time Payments.
• Drive a consistent and robust risk management framework, including governance, controls, and adherence to the bank’s risk appetite.
• Partner with stakeholders across regions, products, and control functions to ensure risk alignment, transparency, and execution of key deliverables.
• Oversee risk-related activities including control design, metric establishment, risk assessments, and issue management to ensuring timely and effective resolution.

Benefits

• Access to paid time off
• Resources and support to our employees
• Competitive benefits
• Discretionary incentive eligible
• Annual discretionary award based on individual performance, line of business performance, and company success.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level