Payments Product Manager

Bank of America•Jersey City, NJ

4d•$135,000 - $217,100•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 maximizing the value for one or more products. Key responsibilities include working with stakeholders to understand their needs, and with product owners or specialists to ensure they are aligning on priorities. Job expectations include ensuring delivery of products that meet client expectations, including features, security, availability, resiliency, timelines and costs. Position Summary: We are seeking a highly experienced and technically proficient Payments Product Manager to join our team in building a next-generation wire payment processing platform. This role is responsible for maximizing the value for one or more products, at the program level in a scaled Agile model. Key responsibilities include: Defining the vision and roadmap for their products, defining and prioritizing the features/epics in the program backlog, and articulating this to both stakeholders and development teams. This role works closely with stakeholders to understand their needs, and with Products Owners to ensure they are aligned on priorities. They support and collaborate with the Portfolio Product Executive on financials throughout delivery. They are experts of the products, business or technology domain, and the industry in which the product competes. This role demands a strong understanding of payment systems including Wire, ACH, and RTP, and the ability to lead teams through complex technical challenges.

Requirements

Ten years a US Wires expert, create the vision and roadmap for the program based on customer requirements, industry trends, regulations, and the strategic direction for the business or technology domain.
Communicate the program vision and roadmap to stakeholders, Product Owners and the teams.
Oversee the budget(s) for one or more products.
Provide input into defining business capabilities and aligning them to products or creating new products to support them.

Nice To Haves

Domain expertise in payment systems including Wire, ACH, RTP.
Knowledge of ISO 20022 messaging standards.
Exposure to event-driven architecture and distributed systems.
Understanding of regulatory and compliance requirements in financial services.
Knowledge of financial products data such as Equities, Fixed Income, and Derivatives.
Agile/Scrum certification or experience working in agile environments.

Responsibilities

Generates the vision and roadmap for the program based on customer requirements, industry trends, regulations, and the strategic direction for the business or technology domain
Communicates the program vision and roadmap to stakeholders, product owners and the teams
Oversees the budget(s) for one or more products by working closely with finance partners on both personnel and non-personnel expenses
Provides input into defining business capabilities and aligning them to products or creating new products to support them
Ensures product availability by partnering closely with demand and capacity teammates
Develops business cases for new products and additional features for existing products
Partners with the product owners and the teams to ensure that optimum value is obtained through technology and subject-matter expertise and understanding of the business and industry trends
Articulate the business value to Product Owners so they understand product and strategy
Ensure alignment across product roadmap to achieve portfolio objectives
Create and prioritize features/epics in the program backlog; empowered to make decisions about trade-offs with emerging work versus planned work
Refine features/epics with the Product Owners to ensure there is enough “ready” work for the upcoming 1-2 quarters
Review and accept features/epics and is empowered to make on-the-spot decisions on scope and requirements
Work in partnership with the Product Owners and the teams to ensure that optimum value is obtained through technology and through an advanced understanding of the business and industry trends