Sr. Workplace Benefits Product Manager

Bank of America•Pennington, AL

21h•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 leading daily management and development of Institutional Retirement products. Key responsibilities include developing, maintaining and executing the strategic plan of a product, delivering innovative solutions that meet the needs of Workplace Benefits clients, identifying gaps and developing solution plans. Job expectations includes leveraging product management and development expertise, leading complex projects across cross-functional teams with limited oversight and communicating complex information in a clear, concise and organized manner.

Requirements

5+ years’ experience in financial services
Demonstrated ability to launch technology platforms / running a product offering
Experience in fiduciary advisory services or investment advisory programs
Proven track record of driving multi-million-dollar technology projects end-to-end and successful execution of strategy
Strategic thinker with demonstrated ability to implement and operationalize the strategy

Nice To Haves

Strong PowerPoint skills
Strong presentation skills
Leadership experience (management)

Responsibilities

Develops and executes strategies aligned to client and marketplace needs to meet business goals
Understands competitive landscape to identify strategic opportunities and target markets
Partners across cross-functional teams to drive development of product solutions and capabilities
Collaborates with key stakeholders to develop go-to-market strategies and product positioning
Develops and manages risk mitigation strategies and understands changing regulatory landscape
Develops business cases, organizes information and documents recommendations to move the product forward
Identifies opportunities to simplify, improve processes, reduce operating risk and control expenses
Provide leadership to the Fiduciary Advisory Services Team; supporting day to day responsibilities; prioritization and direction for the FAS teammates.
Translate product direction into clear priorities and deliver high-impact, innovative platform solutions within a determined budget and timeframe
Oversee technology projects success: conduct gap analysis, identify issues, analyze root causes, develop innovative solutions, communicate results, and obtain buy in for change from key stakeholders and senior leadership
Partner with various stakeholders of the FAS programs: Advisor Alliance, Sales, PST, Advisory, Investments to capture client feedback and help shape the technology roadmap for the FAS portal
Create and manage the technology development roadmap for the Fiduciary Advisory Services (FAS) platform; understand platform performance drivers and make sound decisions to maximize business results
Manage FAS programs day to day; 3(21) and 3(38) services including ADV oversight and modifications; billing
Ensure product and platform requirements are driven through to implementation; provide thought leadership and enable execution
Manage tracking and measurement against platform deliverables and product initiatives; design metrics and scorecards to measure efficiency and ensure on-time path to execution
Identify and evaluate opportunities to streamline, centralize, and de-risk the business through critical analysis of the product offering and underlying processes
Define detailed test plan for all technology platform launches, ensuring flawless execution of the product requirements

Benefits

This role is eligible to participate in the annual discretionary plan.
Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
This role is currently benefits eligible.
We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

Stand Out From the Crowd

Upload your resume and get instant feedback on how well it matches this job.

Upload and Match Resume