Senior Product Manager, Deposit Pricing & Strategy

Bank of America; Phoenix (AZ); On-site; USD 117,000 - 174,000; Full time

Benefits offered by this job

Discretionary incentive

Annual discretionary plan

Benefits eligible

Industry-leading benefits

Job summary

Bank of America is seeking a Sr Product Manager for Deposit Pricing to own the end-to-end product lifecycle, conduct market research, set pricing strategies, and drive initiatives across Finance, Risk, and Technology.

You will collaborate with sales, marketing, operations, and customer service to modernize pricing, improve client experience, reduce risk, and support responsible growth. Based in US offices (Boston, New York), with in-office expectations and role-specific flexibility.

Qualifications

• Demonstrated strategic planning/product management skills.
• Strong analytical skills with breadth of view.
• Negotiation skills.
• 7+ years of relevant experience.
• Detail-oriented, highly organized, adaptable to ever-changing requirements.
• Understanding of Consumer & Small Business products, channels, and financial performance measures/drivers.
• Proven self-starter with the ability to manage multiple priorities and deadlines efficiently.
• Ability to identify key successes and opportunities, and deliver recommendations based on findings.
• Strong communication skills (verbal and written). Must be able to concisely summarize key observations, clearly articulate considerations, propose solutions.
• Proven out-of-box thinker.
• Strives to bring new thoughts and ideas to drive innovation and unique solutions.
• Process oriented, looks for ways to continuously improve efficiency and reduce risk
• Ability to navigate the organization, build strong partnerships, and influence across the organization to drive key results

Responsibilities

• Identifies and creates comprehensive plans for product development and deployment, including supporting the creation of sales training programs and marketing materials to educate clients and internal teams on product capabilities.
• Oversees a set of products and maintains financials, including managing the investment profile and profit and loss (P&L) activities, such as revenue and profit margins.
• Provides information on product trends to sales and marketing teams leveraging knowledge of product functionality, marketplace trends, and the competitive landscape.
• Identifies opportunities to streamline or enhance product offerings to fit client's existing and future needs and support continued growth and operational excellence.
• Manages risk through implementing and monitoring effective controls in partnership with key support partners.
• Partners with internal stakeholders to obtain meaningful insights about markets, clients, and competitors in order to develop products that solve client needs and ensure high adoption rates.
• Develops and influences product strategy, driving products to provide comprehensive solutions across the bank.
• Provides ongoing analysis and review of key pricing performance metrics with senior leaders in various organizations.
• Support product control efforts, including completion of risk assessments and management of Deposit Pricing tests and metrics.
• Lead successful implementation of key initiatives that enhance client experience, reduce risk, and support responsible growth.
• Assess financial, compliance, client and associate experience implications of pricing strategies.
• Identify deposit pricing related issues and lead remediation efforts.

Skills

Product Management

Executive Presence

Oral Communications

Presentation Skills

Problem Solving

Attention to Detail

Continuous Improvement

Influence

Strategic Thinking

Market Analysis

Business Analytics

Innovative Thinking

Collaboration

Tools

Excel

PowerPoint

Job description

Bank of America is seeking a Sr Product Manager for Deposit Pricing to own the end-to-end product lifecycle, conduct market research, set pricing strategies, and drive initiatives across Finance, Risk, and Technology.

You will collaborate with sales, marketing, operations, and customer service to modernize pricing, improve client experience, reduce risk, and support responsible growth. Based in US offices (Boston, New York), with in-office expectations and role-specific flexibility.