Bank of America is looking to manage complex/strategic product(s) and develop strategies across functional groups and/or within a product group, with a focus on risk management across Global Payment Solutions (GPS).
Requirements
- 4+ years experience in payments/transaction services and risk management experience in compliance/financial crimes/Audit/Sanctions/AML
- 4+ years experience in managing discussions with internal Audit/ Compliance /external Regulators.
- 5+ years Product Management or Product Development experience, preferably with a Payments background
- Proficiency in standard office tools, data analytics tools a plus
- Process Management
- Product Design and Development
- Product Management
- Project Management
Responsibilities
- Supports end to end risk management across Global Payment Solutions (GPS), with a focus on Risk across the Global Payments team (Payments, Receipts, Card, Trade, Banknotes and Liquidity.)
- Represents GPS product organization in key initiatives, including fraud risk monitoring / strategy, economic sanctions monitoring, risk evaluation of new product development, and law, rule, reg changes applicable to products.
- Coordinates and influences across various control partners such as Business Controls, COO, Global Banking Risk, Financial Crimes Compliance, Global Compliance and Operational Risk (GCOR), and other non- LOB partners on GPS risk matters
- Manages regular routines with Global Product including Executives, Product Managers & Other Partners to identify, track and review current open issues (SIIs, CEs, etc.), watch items, upcoming regulations & new product initiatives pipeline.
- Supports regulatory implementation projects and ensure regulatory requirements are clearly understood. Escalates issues or conflicts in legal and regulatory requirements as appropriate.
- Supports Sales and Product teams on Sanctions, Fraud, AML risk related issues including co-ordination and follow-up with Economic Sanctions compliance and Ops teams
- Leads, organizes, and maintains relevant risk related data on Global Payment Systems in which the Bank participates
Other
- Ability to act independently and drive execution, follow through with tasks and commitments, and retain sensitivity to when group consensus is required
- Ability to leverage cross-functional, globally disbursed, teams to prioritize, plan and execute, while retaining the agility to adapt to changing priorities
- Ability to manage details and complexity, returning high-level simplicity for senior management, and recommend workable solutions
- Ability to drive alignment via strong and efficient facilitation and presentation capability, synthesizing multiple inputs into a cohesive approach
- Undergraduate degree or equivalent work experience
