Business Strategy & Initiative Manager - Global Commercial Banking – (New York)

Bank of America; New York (NY); On-site; USD 94,000 - 177,000; Full time

Job summary

An established industry player is seeking a Business Strategy & Initiative Manager to lead strategic engagements in Global Commercial Banking. This impactful role focuses on driving innovation and improving client financial lives through strategic initiatives. The successful candidate will collaborate with senior leaders, manage project portfolios, and develop junior team members. The position offers a unique opportunity to work in a diverse environment, gain significant exposure to senior management, and access a comprehensive benefits package. Join a team dedicated to making a difference in the financial sector and advance your career in a supportive setting.

Benefits

Comprehensive Benefits Package

Paid Time Off

Access to Learning Resources

Diverse and Supportive Team Environment

Qualifications

• 8+ years in corporate development or strategy in financial services.
• Strong analytical skills and comfort with financial data.

Responsibilities

• Drive end-to-end strategy engagements with oversight.
• Influence strategic direction and collaborate with senior leaders.

Skills

Problem Solving

Analytical Skills

Financial Modeling

Team Collaboration

Executive Communication

Relationship Building

Entrepreneurial Initiative

Education

MBA or Advanced Business Degree

Job description

Business Strategy & Initiative Manager - Global Commercial Banking – (New York)

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being. Bank of America believes both in the importance of working together and offering flexibility to our employees. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Bank of America’s Global Commercial Bank is one of the largest in the world, serving companies with revenues of $50 million to $2 billion across all major industries. GCB provides Treasury, Lending, Leasing, Investment Banking, Risk management, and International subsidiary banking services, and is a critical growth engine for Bank of America.

The Commercial Banking Strategy team supports GCB and firmwide leadership to deliver GCB’s agenda of responsible growth and world-class client experience. The team is responsible for driving critical strategic and transformation efforts commissioned and sponsored by GCB’s President, and developed in close collaboration with business, product, and function partners. The role is based in New York and reports to the Head of GCB Strategy.

What you’ll do

1. Own and drive 1-2 end-to-end strategy engagement(s) with some oversight from Managing Directors.
2. Influence the strategic direction and business agenda for GCB in collaboration with other senior leaders through strategy engagements.
3. Opportunistically take lead in generating new, innovative ideas to transform current business models and product offerings.
4. Support building out our team and developing new, innovative capabilities over time.
5. Help manage active project portfolio and adjacent efforts including recruiting, staffing, and junior team member coaching.
6. Play a leadership role in attracting and developing junior team members and partners.

What you’ll bring to the team

1. Minimum 8 years professional experience; 5+ years in a corporate development or strategy group of a financial services firm, management consulting firm, or investment bank.
2. Track record of excellence and achievement.
3. Strong problem solving and analytical skills; high level of comfort with numbers and financial modeling.
4. Entrepreneurial initiative, coupled with commitment to highest quality standards and attention to detail.
5. Team player able to bring together people and perspectives for new solutions, build confidence and trust.
6. Strong presence, executive communication, and relationship building skills.
7. Ability to work with changing deadlines and competing priorities.
8. Knowledge of commercial banking and capital markets is a plus.
9. MBA or an advanced business degree from a top-tier institution is a plus.

What we offer

1. An impactful role in which you help improve financial lives of our clients, work at the forefront of commercial banking innovation, and drive change.
2. A position in a highly regarded team with significant exposure to senior management.
3. A platform for a long-term executive career in Bank of America and beyond.
4. An opportunity to deepen your business skill set under the leadership of experienced professionals.
5. Access to significant resources dedicated to supporting your learning and development.
6. Attractive compensation and comprehensive benefits package.
7. Opportunity to work within a highly diverse and supportive team.

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay range $94,100.00 - $176,500.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible. 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. Benefits 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.