About this opportunity
Bank of America lists this Senior Workplace Benefits Product Manager opportunity in pennington, Alabama. Review the employer’s description below for duties, qualifications and application requirements.
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
This job is responsible for leading daily management and development of Institutional Retirement products. Key responsibilities include developing, maintaining and executing the strategic plan of a product, delivering innovative solutions that meet the needs of Workplace Benefits clients, identifying gaps and developing solution plans. Job expectations includes leveraging product management and development expertise, leading complex projects across cross-functional teams with limited oversight and communicating complex information in a clear, concise and organized manner.
The Workplace Benefits Investment team manages the investment vehicles (mutual funds, collective investment trusts, money market funds, stable value funds, group annuity funds, etc.) available across the Workplace Benefits products and products. This role will focus on investment platform management responsibilities including selling agreements, fee arrangements, share class structures and investment data.
Responsibilities
Develops and executes strategies aligned to client and marketplace needs to meet business goals
Understands competitive landscape to identify strategic opportunities and target markets
Partners across cross-functional teams to drive development of product solutions and capabilities
Collaborates with key stakeholders to develop go-to-market strategies and product positioning
Develops and manages risk mitigation strategies and understands changing regulatory landscape
Develops business cases, organizes information and documents recommendations to move the product forward
Identifies opportunities to simplify, improve processes, reduce operating risk and control expenses
Required
Minimum 5 years of related business experience Fundamental knowledge of investment vehicles and asset classes
Desired
Relevant Retirement Investments and industry relationship management experience and acumen.
Skills
Business Acumen
Data Management
Oral Communications
Presentation Skills
Written Communications
Benefits Plan Development
Business Analytics
Collaboration
Executive Presence
Sales Performance Management
Analytical Thinking
Minimum Education Requirement
High School Diploma / GED / Secondary School or equivalent. Bachelor’s degree preferred or equivalent work experience.
Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy.
Shift
1st shift (United States of America)
Hours Per Week
40
Pay Transparency details
US - NJ - Jersey City - 525 Washington Blvd (NJ2525), US - NJ - Pennington - 1400 American Blvd - Hopewell Bldg 4 (NJ2140)
Pay and benefits information
Pay range
$104,000.00 - $171,600.00 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
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
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Worksite address
pennington, AL, 36916, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.