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About the Role
This role is responsible for the end-to-end product management of mortgage and Home Equity solutions across all channels at Bank of America. We are looking for a versatile professional with credit card and direct to consumer marketing experience who can adapt quickly and drive innovation from their past experiences in a changing business environment to work in Home Equity Line of Credit.
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
- Leverages subject matter expertise to develop strategies, resolve issues, create business cases and drive portfolio growth
- Establishes opportunities to positively impact the product P&L and deploy initiatives that improve the appeal and competitiveness of the solution(s)
- Partners with Marketing Integration and Client Experience managers to form and execute holistic growth strategies
- Develops deep understanding of Home Equity competitive landscape, marketing trends, and consumer behaviors to drive change
Requirements
- 5+ years’ experience working in Product management
- Product management experience across consumer lending (e.g. Credit Card, HELOC, Mortgage, Auto)
- Proven self-starter with the ability to manage multiple priorities and deadlines efficiently
- Outstanding analytical and process skills
- Strong verbal and nonverbal (PowerPoint) communication skills, ability to influence and gain commitment at all organizational levels
- Adaptable business professional
- Strategic direct to consumer marketing skills
- Proven ability to develop, design and deploy complex initiatives (deploying across multiple channels, impacting multiple audiences), including development of compelling cases for change/business justifications
- Ability to collaborate, manage, and expand relationships across the organization
- Strong understanding of Risk Framework, shows attention to detail and responds quickly and effectively to issue/risk identification and mitigation
- Excellent oral, written, and presentation communication skills
Skills
- Collaboration
- Executive Presence
- Oral Communications
- Presentation Skills
- Problem Solving
- Attention to Detail
- Continuous Improvement
- Influence
- Product Management
- Strategic Thinking
- Business Analytics
- Innovative Thinking
- Market Analysis
- Process Management
- Reporting
Location
- US - MA - Boston
- US - NY - New York
Work Type
- Onsite
Experience Level
- 5+ years
Salary/Compensations
- $116,600.00 - $174,300.00
Benefits
- Discretionary incentive eligible
- Eligible to participate in the annual discretionary plan
- Industry-leading benefits
- Access to paid time off
- Resources and support
About the Company
- 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 and providing a culture of caring is core to how we drive Responsible Growth.
- We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success.
- This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
- We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences.
- These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
- Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development.
- Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
- At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.
- Join us!
Equal Opportunity
- It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability