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 is core to how we drive Responsible Growth. This includes our commitment to being a diverse and 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.
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.
Work as part of the team to create innovative solutions that will help clients achieve retirement success. This role is responsible for defining strategic and functional components for digital advice solutions provided to clients for their 401k assets. The candidate will be involved with developing, maintaining, and executing strategic plans in retirement planning and guidance within Workplace Benefits. This role will require collaboration with stakeholders and development of critical relationships across lines of business to ensure flawless execution of initiatives. The candidate must have experience in leading strategic projects end to end and implementing new solutions.
Responsibilities:
Workplace Benefits team is exposed to all facets of institutional retirement across multiple lines of business including, risk and compliance, technology, client service and senior leadership teams. In-depth research, communication, process improvement and problem solving are critical for the role. Key responsibilities include:
Define and shape strategy for Retirement tools & solutions that are available to individuals through our 401k recordkeeping platform
Ideate and deliver innovative, high-impact platform solutions within a determined budget and timeframe
Translate product direction into clear priorities for socialization across various lines of business
Lead strategic projects end-to-end, deliver improved experiences for Workplace Benefits clients
Provide thought leadership on development of Workplace Benefit capabilities and client requests
Contribute towards risk management by identifying and solutioning emerging risks.
Lead the rollout and go to market strategy for strategic projects
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
Requirements:
Minimum 8-10 years experience in financial services.
Strong leadership experience with demonstrable success owning and leading roll out of a major platform or initiatives.
Strong interpersonal skills to build and maintain vital relationship across key business stakeholders and external client relationships.
Ability to work with a team and interact with various skill sets
Desired:
Experience with Agile Methodology
Experience working in a fast-paced environment delivering with speed and urgency
Ability to work independently and as part of a broader team across multiple lines of business
Proven strong analytical and communication skills
Accountability and strong project management skills
Ability to manage multiple in-flight initiatives simultaneously
Skills:
Business Acumen
Data Management
Oral Communications
Presentation Skills
Written Communications
Benefits Plan Development
Business Analytics
Collaboration
Executive Presence
Sales Performance Management
Analytical Thinking
Benchmarking
Innovative Thinking
Problem Solving
Product Management
Education: Bachelor’s Degree or equivalent work experience
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.
Shift:
1st shift (United States of America)Hours Per Week:
40