About the role
Job Description:
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:
This job is responsible for managing Transactional FX product(s) for Global Payments Solutions business in Asia Pacific and developing strategies across functional groups working across in-country, regional and global teams. Key responsibilities include end to end product management of transactional FX (TFX) products in partnership with the bank's Global Markets team and driving multi-year strategic development and delivery of these products. Job expectations will include working with or leading a team to ensure that the TFX product management efforts are integrated with sales, technology, implementation, and servicing.
Responsibilities:
Oversees the TFX product(s) for Global Payments Solutions in Asia Pacific and maintains financial responsibility, including accountability for profit and loss activities such as revenue, profit margins, etc.
Identifies and creates plans for product development, supporting the creation of sales training programs, and marketing materials to educate clients and internal teams on product capabilities relating to the TFX products.
Understands end to end TFX product functionality, marketplace trends, and the competitive landscape to provide awareness of trends to sales and marketing teams and to actively drive product commercialization
Develops and/or influences product strategy for TFX products globally, in alignment with overall cash management and trade product offerings to provide comprehensive solutions across Global Payments Solutions and the bank
Partners with internal stakeholders, especially with the bank's global markets (Fixed Income, Currencies and Commodities) team to obtain meaningful insights about markets, clients, and competitors to develop overall product roadmap to solve client needs and ensure high adoption rates
Drives transactional FX volume, value and revenue growth and manages associated financial processes (i.e., forecast, monthly flash reporting, etc.)
Collaborates with internal technology and operational subject matter experts to proactively identify and work on product-related trends for TFX to provide an integrated and automated client experience as well as simplify processes through digitization and operational excellence
Support all product risk management routines and discipline including ensuring compliance of the products (both existing and new products) with the applicable Local Rules and Regulations across all Asia Pacific jurisdictions.
Job Experience and Skills:
5+ years of direct experience of managing transactional FX products in a peer bank with 10+ years transaction banking experience.
Product risk management experience and expertise
Process Management
Product Design, Development and Launch
Product Management and Commercialization
Strategy Planning and Development
Process Effectiveness and proven track record of delivering operational excellence
Innovative Thinking
Oral Communications
Relationship Building