Director – Project Manager Digital Asset Transformation, London

Job Description:

Company Overview

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!

London Location Overview

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Role Description

An exciting opportunity has arisen to join Bank of America’s Digital Asset Transformation capability within the International and Global Enterprise Strategy & Platform groups.

Digital assets are reshaping financial markets, payments, custody, settlement, collateral and client solutions. As the ecosystem develops beyond cryptocurrency into broader financial market infrastructure, the firm is strengthening its capability to identify commercial opportunities, respond to regulatory developments and deliver scalable business outcomes.

We are seeking a commercially minded Digital Asset Transformation Director to shape and drive strategic digital asset initiatives within a global regulated banking environment. The role will assess opportunities across tokenisation, digital securities, stablecoins, digital collateral, custody, settlement and market infrastructure, translating them into clear investment recommendations, business cases, governance proposals, operating models and implementation plans.

This is a senior transformation role extending beyond traditional project management. The successful candidate will bring deep digital asset expertise, strong commercial and strategic judgement, a practical understanding of distributed ledger technology and the ability to navigate complex regulatory and organisational requirements.

Working closely with senior stakeholders across the Digital Asset Platform group and the wider organisation, the Director will lead initiatives from initial assessment through governance, approval and execution. They will partner across business, product, technology, operations, legal, compliance, risk and finance to evaluate where the firm should invest, establish scalable approaches and deliver measurable business outcomes.

The role would suit an experienced strategy, COO, regulatory change, product structuring or transformation leader with significant digital asset experience and a strong track record of turning complex or emerging opportunities into practical, commercially sound solutions.

The Team

The Digital Asset Transformation team sits within the International and Global Enterprise Strategy & Platform groups and leads high-priority digital asset initiatives across the firm.

The team operates at the intersection of:

• Digital asset strategy and commercial opportunity assessment
• Regulatory engagement and market development
• Product, platform and capability structuring
• Governance and implementation

Initial priorities span institutional digital assets and emerging financial market infrastructure. The team’s remit will continue to evolve in line with market developments and the firm’s strategic priorities.

The team connects strategy, commercial opportunity, regulatory requirements and enterprise execution to support informed investment decisions and scalable delivery. The team brings together stakeholders across the organisation to deliver practical, scalable and commercially grounded outcomes within a regulated banking environment.

Key Responsibilities

As Director, Digital Asset Transformation, responsibilities may include:

• Lead priority digital asset initiatives from initial assessment through approval, implementation and launch.
• Evaluate opportunities across tokenisation, digital securities, stablecoins, digital collateral, custody, settlement and emerging market infrastructure.
• Develop investment recommendations, business cases and materials for senior management decision-making.
• Translate market, regulatory and technology developments into business priorities and executable plans.
• Define client value, commercial rationale, delivery requirements and success measures with business leaders.
• Build alignment and drive decisions across business, product, technology, operations and corporate functions.
• Lead regulatory, governance and control processes, maintaining robust documentation and clear audit trails.
• Manage delivery through effective oversight of milestones, dependencies, risks, issues and key decisions.
• Shape scalable operating models, including processes, controls, accountabilities and implementation readiness.
• Direct cross-functional workstreams and ensure initiatives are commercially viable, operationally practical and aligned across regions.

What We Are Looking For

The successful candidate will bring deep digital asset knowledge, strong commercial judgement and a proven ability to lead complex transformation within a regulated financial services environment.

Key experience and capabilities include:

• Significant financial services experience gained within strategy, business management, a COO, regulatory change, transformation, product structuring or enterprise programme leadership.
• Meaningful experience delivering initiatives across digital assets, tokenisation, digital securities, distributed ledger technology, digital custody or related financial market infrastructure.
• Strong commercial acumen, with the ability to evaluate opportunities, develop business cases and connect strategy to measurable business outcomes.
• Strong understanding of regulated banking environments, including governance, risk, controls and operational requirements.
• Proven ability to lead complex, cross-functional initiatives involving business, product, technology, operations, legal, compliance and risk.
• Experience interpreting regulatory developments and translating them into business impacts, strategic options and executable plans.
• Strong senior stakeholder management and influencing skills, including the ability to constructively challenge and build alignment across business and control functions.
• Experience developing target operating models, implementation roadmaps, control frameworks, governance proposals and senior management materials.
• Strategic thinking and sound judgement, with the ability to connect priorities across businesses and regions and find practical solutions in evolving or ambiguous areas.
• Clear communication, presentation and delivery leadership skills, including the ability to simplify complex topics, direct analysis and manage multiple workstreams and priorities.

Skills that will help

• Knowledge of Global Markets, Global Payments, Securities Services, Transaction Banking, Treasury or wider institutional banking products.
• Understanding of institutional digital asset use cases and supporting financial market infrastructure.
• Familiarity with digital asset regulation, digital securities frameworks, distributed ledger technology pilot regimes and wider regulatory expectations.
• Experience with product approvals, new business initiatives, legal entities, booking models or other governance processes.
• Experience engaging external partners, fintechs, custodians, exchanges, infrastructure providers or industry bodies.
• Advanced PowerPoint, Word and Excel capability.

Benefits of working at Bank of America

UK

• At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.
• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons.
• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum.
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, cycle to work etc.
• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.
• Access to an Employee Assistance Program for confidential support and help for everyday matters.
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.