GPS Innovation Business and Strategy Lead

Bank of America•Charlotte, NY

12d•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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: Drives development of GPS Innovation strategic direction and execution of related initiatives across the organization. Supports senior leaders across the payments space. Leads sourcing and progression of concepts through the innovation funnel articulating client pain points, potential solutions, applicable frameworks, business economics, etc. Partners with SMEs across the organization to flesh out concepts and next steps. Develops requirements for test and learn, success metrics and criteria for proofs of concepts. Takes learnings to design a phased commercialization approach partnering with product to deliver on concept vision.

Requirements

Three years of related experience
Project management and risk governance
Relevant business experience and comfort with basic financial modeling (i.e. corporate finance, corporate strategy, consulting)
Proficiency in Microsoft Office (comfort with Excel and PowerPoint are required)
Excellent verbal and written communication skills
Ability to navigate a large, matrixed organization
Ownership of innovation concepts and initiatives
Ability to problem solve and work innovatively within the constraints of a regulated organization
Intellectual curiosity with an ownership mentality
Collaborative and able to bring cross-functional teams together
Coaches junior teammates and assists with development of “what” and “how”
Partners with senior leaders across the organization to screen potential innovation concepts and areas of interest

Nice To Haves

Payments experience
MBA
Attention to Detail
Business Analytics
Business Intelligence
Data and Trend Analysis
Reporting
Analytical Thinking
Data Management
Data Mining
Presentation Skills
Research
Continuous Improvement
Data Visualization
Innovative Thinking

Responsibilities

Design and develop business requirements based on a true understanding of client needs, working closely with cross-functional partners to inform scope and solution design of new functionality for Corporate, Customer-facing and Associate-facing solutions
Develop subject-matter expertise and business acumen in order to design and implement these payment solutions
This will be an individual contributor role working across consumer, small business, wealth and corporate banking client segments.
Develop Innovation concepts for Global Payments Solutions
Partner with LOB SMEs to evaluate and flesh out concepts
Create business cases to prioritize opportunities
Conduct analyses, extract insights, and communicate finding simply and succinctly
Develop and track metrics to understand viability of concepts
Improve visibility and usability of learnings from assessment of Innovation concepts to support strategic decision making
Maintain visibility into Payments industry trends and developments
Deliver payment solutions in business, technology or operations role with proven track record on managing projects end-to-end through the system development lifecycle, bringing new capabilities to market.
This job is responsible for leading diverse functions across a broad range of strategic functions.
Key responsibilities include consulting with senior management to define and lead projects that encompass and impact many associates and assisting with the execution of key strategic initiatives.
Job expectations include having knowledge of general bank policies, programs, and procedures and financial and accounting practices.