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, opportunities, and competitive positioning. It also includes developing business cases for product enhancements and expansion, partnering closely with sales teams to drive pipeline and achieve revenue targets, and supporting complex deal origination by providing product expertise and participating in client presentations. Additionally, the role serves as the lead for operational risk and control processes, driving a consistent risk management framework, and overseeing risk-related activities.

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
• Discretionary incentive eligible
• Annual discretionary award based on individual performance, line of business performance, and overall company success.
• Industry-leading benefits
• Support through workforce reduction, realignment or similar measures.

What This Job Offers

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