Director; Business Strategy & Initiative Manager

Bank of America; New York (NY); On-site; USD 210,000 - 250,000; Full time

Job summary

An established industry player is seeking a Director of Business Strategy & Initiative Manager to drive innovation in B2B payments and liquidity products. This role requires a strategic thinker with a strong background in payment ecosystems and stakeholder management. The successful candidate will participate in the development of innovative strategies, assess workflows across teams, and maintain industry relationships. With a commitment to diversity and inclusion, this forward-thinking company offers competitive benefits and opportunities for professional growth. Join a team dedicated to making financial lives better through impactful solutions.

Benefits

Industry-leading benefits

Paid time off

Flexible work options

Qualifications

• 5+ years in payment innovation and product deployment.
• Experience analyzing payment ecosystem trends.

Responsibilities

• Develop strategic direction for B2B payments and liquidity products.
• Analyze payment trends to commercialize products.

Skills

Payment Innovation

Stakeholder Management

B2B Payment Analysis

Regulatory Knowledge

Team Collaboration

Education

Bachelor's degree in Economics

Bachelor's degree in Finance

Bachelor's degree in Accounting

Job description

Director; Business Strategy & Initiative Manager

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. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

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!

Responsibilities

Participate in the development of GPS Innovation strategic direction and execution of related initiatives, particularly with respect to B2B payments and liquidity products.

Act as an objective advisor to senior leaders across the payments space.

Participate in sourcing and progression of concepts through the innovation funnel articulating client pain points, potential solutions, applicable frameworks, and business economics.

Partner with SMEs across the organization to flesh out concepts and next steps.

Develop requirements for test and learn, success metrics and criteria for proofs of concepts.

Take learnings to design a phased commercialization approach partnering with product to deliver on concept vision.

Maintain visibility into Payments industry trends and developments.

Participate in payment innovation initiatives and product deployments across various jurisdictions, as a member of a multidisciplinary team.

Develop and maintain relationships with various stakeholders.

Analyze B2B, B2C, and C2B payment ecosystem trends to launch and commercialize products that will drive substantial ROI across various markets.

Assess workflows across functional teams within Operations, Technology, Servicing, and Compliance teams.

Serve as an expert at various industry conferences and steering committees.

Understand and apply North American laws, rules, and regulations across complex payment products that span multiple jurisdictions.

Required Skills & Experience

Bachelor's degree or equivalent in Economics, Finance, Accounting, or related: and

5 years of progressively responsible experience in the job offered or a related Quantitative occupation.

Must include 5 years of experience in each of the following:

Participating in payment innovation initiatives and product deployments across various jurisdictions, as a member of a multidisciplinary team;

Developing and maintaining relationships with various stakeholders;

Analyzing B2B, B2C, and C2B payment ecosystem trends to launch and commercialize products that will drive substantial ROI across various markets;

Assessing workflows across functional teams within Operations, Technology, Servicing, and Compliance teams;

Serving as an expert at various industry conferences and steering committees; and,

Understanding and applying North American laws, rules, and regulations across complex payment products that span multiple jurisdictions.

10% domestic and international travel required, as necessary.

$210,000.00 - $250,000.00annualized 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.

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.

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please contact us by calling 1.877.760.2076. This is a dedicated line designed exclusively to assist job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be considered. A response to your request may take up to two business days.

Please note: Messages left for other purposes such as following up on an application or non-disability related technical issues, will not receive a response.

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