GPS Innovation Business and Strategy Manager

Bank of America; New York (NY); On-site; USD 115,000 - 177,000; Full time

Job summary

Join a leading financial institution as an Innovation Lead in Global Payments Solutions. You'll drive the strategic direction and execution of innovation initiatives, working closely with senior leaders and teams to evaluate concepts and enhance payment solutions. Enjoy a collaborative workplace, professional growth opportunities, and competitive compensation in a dynamic environment.

Qualifications

• Relevant business experience and comfort with basic financial modeling.
• Experience in project management and risk governance.
• Strong verbal and written communication skills.

Responsibilities

• Develop and evaluate innovation concepts for Global Payments Solutions.
• Create business cases to prioritize opportunities.
• Develop executive-level presentations for senior executives.

Skills

Business Acumen

Critical Thinking

Customer and Client Focus

Result Orientation

Analytical Thinking

Collaboration

Oral Communications

Stakeholder Management

Adaptability

Innovative Thinking

Planning

Prioritization

Education

Degree or 5-10 years of related experience

Tools

Microsoft Office (Excel and PowerPoint)

Job description

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:

Drives development of GPS Innovation strategic direction and execution of related initiatives, particularly with respect to Consumer, Retail, Private Banking, and Wealth Management. Acts as an objective advisor to senior leaders across the payments space. Leads sourcing and progression of concepts through the innovation funnel, articulating client pain points, potential solutions, applicable frameworks, business economics, etc. Partners with SMEs across the organization to flesh out concepts and next steps. Develops requirements for test and learn, success metrics, and criteria for proofs of concepts. Takes learnings to design a phased commercialization approach partnering with product to deliver on concept vision.

Responsibilities:

• Develop Innovation concepts for Global Payments Solutions
• Partner with LOB SMEs to evaluate and flesh out concepts
• Create business cases to prioritize opportunities
• Develop executive-level presentations and support communications to senior executives and stakeholders to articulate concepts and gather support
• Conduct analyses, extract insights, and communicate findings simply and succinctly
• Develop and track metrics to understand the viability of concepts
• Clearly communicate recommendations and collaborate across all levels of the business
• Improve visibility and usability of learnings from assessment of Innovation concepts to support strategic decision-making
• Maintain visibility into Payments industry trends and developments

Required Skills:

• Relevant business experience and comfort with basic financial modeling (e.g., corporate finance, corporate strategy, consulting)
• Proficiency in Microsoft Office (Excel and PowerPoint required)
• Excellent verbal and written communication skills
• Ability to navigate a large, matrixed organization
• End-to-end ownership of innovation concepts and initiatives
• Project management and risk governance
• Ability to problem solve and work innovatively within a regulated organization
• Intellectual curiosity with an ownership mentality
• Collaborative mindset to bring cross-functional teams together
• Experience coaching junior teammates and assisting with development of “what” and “how”
• Partnering with senior leaders to screen potential innovation concepts and areas of interest

Skills:

• Business Acumen
• Critical Thinking
• Customer and Client Focus
• Result Orientation
• Analytical Thinking
• Collaboration
• Oral Communications
• Stakeholder Management
• Adaptability
• Innovative Thinking
• Planning
• Prioritization

Desired Skills:

• Payments experience
• MBA

Minimum Education Requirement: Degree or five to ten (5-10) years of related experience

Shift: 1st shift (United States of America)

Hours Per Week: 40

Pay Transparency details:

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay range $115,000.00 - $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 include industry-leading offerings, paid time off, resources, and support to make a genuine impact and contribute to sustainable growth in our business and communities.