Director, Post Trade Product Manager

Bank of America; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a Director of Post Trade Product Management to lead product strategy and enhance operational workflows within Global Markets. This role demands a deep understanding of the post trade lifecycle, including Cash Equities and OTC Derivatives, while driving technical solutions and managing diverse stakeholders. Join a dynamic team focused on delivering innovative financial solutions and making a significant impact in the market. If you are a proactive problem solver with a passion for technology and finance, this opportunity is perfect for you.

Benefits

Health Insurance

401(k) Plan

Paid Time Off

Flexible Work Hours

Professional Development Programs

Qualifications

• Strong understanding of post trade product lifecycle and operational workflows.
• Experience in driving technical solutions for various financial products.

Responsibilities

• Define product strategy for Global Markets Post Trade functions.
• Collaborate with IT and support partners to ensure product delivery.

Skills

Cash Equities

Repo

Bonds

OTC Derivatives

Swaps

Rates

Commods

FX Lifecycle

Technical Product Management

Stakeholder Management

Education

Bachelor's Degree

Project Management Certification

Tools

Java

Python

Job description

Director, Post Trade Product Manager

New York, New York

**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 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:**

The Global Markets Platform Group is looking for an individual to take responsibility to manage particular product and platform priorities for Global Markets Operations and Post Trade. The role will focus on technical Product Management requiring proficiency in Global Markets Post Trade to manage product and platform deliveries across a range of functions including Allocation, Confirmations, Booking, Netting, Settlement, Cash Payments, Collateral and Asset Servicing.

The role requires post trade experience and the candidate to be deeply familiar with the end to end lifecycle of products and flows across all business units; including Cash Equities, Repo, Bonds, OTC Derivatives, Swaps, Rates, Commods, FX as well as possessing industry experience and knowledge of key post trade products and offerings.

This further entails having a deep understanding of the markets, clients and products associated with these products and functions. The successful candidate will be a core subject matter expert and a critical pillar in driving operational workflow enhancements, implementing best in class technology solutions and helping deliver meaningful change across the Global Markets infrastructure.

**Role:**

+ Define Product strategy in close collaboration with Operations leads, Technology and Global Markets leadership

+ Define detailed design requirements in conjunction with critical support partners. e.g. Technology, Sales & Trading, Compliance, Legal, Operations, ETRM, etc.

+ Manage and govern key Global Markets investment initiatives

+ Drive detailed analysis of priority products, clients and markets to establish product baselines, peer insights and commercial opportunities

+ Establish coherent, well defined business cases and work with management to pitch investment opportunities

+ Be an active participant in discussions and influence decisions around the end to end lifecycle and the strategic post trade architecture

+ Work closely with Technology and Product partners to maintain oversight of our investments, progress and regulatory obligations

**Responsibilities**

+ Own and drive Product strategy for Global Markets Post Trade functions;

+ Define and document business opportunities and pitch investment cases

+ Document requirements and ensure product delivery aligns to user requirements

+ Measure product baselines and define KPIs, SLOs, SLAs and other target metrics

+ Explore industry, client and competitor trends to ensure product remains relevant and forward looking

+ Ensure the ongoing delivery of critical product as follows:

+ Robust governance and management of core investments and priorities

+ Work and collaborate with IT and Support partners

+ Influence and shape future investment and design decisions in conjunction with management and business leads

**Qualifications:**

+ Technology and Operations background with strong understanding of Cash Equities, Repo, Bonds, OTC Derivatives, Swaps, Rates, Commods and FX lifecycle

+ Highly familiar with operational functions and workflows with a data driven and automation first mindset

+ Experience delivering and driving technical solutions for Allocation, Confirmations, Booking, Netting, Settlement, Cash Payments, Collateral and Asset Servicing functions

+ Comfortable managing diverse stakeholders and challenging status quo and current design principals

+ Strong team work and ability to collaborate with others

+ Excellent problem solver with an ability to work independently and comfortable working in a fluid environment with shifting priorities

+ Highly motivated and strong desire to learn business and new technologies

**Desired Qualifications:**

+ Experience with managing operational or system risk

+ Some coding/scripting experience (with knowledge of best practices) in Java/Python preferred

+ FINRA Series 7 and 63 registered

+ Project Management certifications/Experience

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .

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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.