Senior Deposit Pricing and Analytics Executive - GWIM

Bank of America•Boston, MA

23h•$180,000 - $241,500•Onsite

About The Position

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. Analytics and Performance Management Lead WM deposit competitor analysis including in depth quarterly earnings. Leverage advanced analytics to evaluate and improve overall WM deposit performance. Lead more detailed reporting on the WM deposit portfolio, including volumes, trends, pricing, products, outcomes, and key observations for senior management and partner stakeholders. Provide back-up support for weekly pricing strategy reporting also. Support continuous improvement of WM deposit pricing processes, opportunity pricing share-points, reporting, and governance practices. Monitor opportunity pricing activity, ensuring transparency, documentation completeness, and consistent process discipline. Ensure accurate data and timely updates, and ongoing operational continuity including trouble-shooting issues. Partner with consumer pricing partners to align processes, review and address risks Market & Competitive Leadership Maintain deep awareness of market trends, fintech innovation, competitive offerings, and regulatory developments impacting GWIM deposits and pricing. Represent GWIM Deposits in senior leadership forums and contribute to broader banking strategy. 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. Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy.

Requirements

10 to 15 years related experience w/ demonstrated understanding of deposit products and pricing strategy
Demonstrated strategic planning/product management skills
Strong analytical skills with breadth of view
People and project management skills and abilities
Experience partnering with key stakeholders including field leadership and client teams to drive positive business results
Prior experience supporting wealth management deposit products and pricing a plus

Nice To Haves

Influence
Innovative Thinking
Oral Communications
Product Management
Strategy Planning and Development
Business Development
Executive Presence
Relationship Building
Strategic Thinking
Business Analytics
Client Experience
Branding
Collaboration
Continuous Improvement
Presentation Skills

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