Sr Product Manager - Consumer Deposits Strategy & Performance Management

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 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!

Job Description:
This job is responsible for developing and managing the end-to-end product life cycle for highly complex products. Key responsibilities include conducting market research and competitor analyses, determining product pricing, developing short and long-term strategies, and identifying innovative opportunities to modernize product offerings and deliver a more unified customer experience. Job expectations include ensuring that product management efforts are integrated with sales, marketing, operations, implementation, and customer service strategies.

The Consumer Deposits Strategy & Performance Management team serves as a strategic partner to Consumer Deposits leadership, helping shape business strategy, drive performance outcomes, and identify opportunities for growth across our deposit portfolio. The team works across Product, Digital, Marketing, Channels, Fraud, Operations, Finance, Risk, and other key partners to advance strategic priorities, support business decision-making, and optimize client and business outcomes.

We are seeking a highly motivated Product Manager to help drive the strategic management of our Consumer Deposits business. This individual will play a key role in supporting business performance routines, identifying growth opportunities, facilitating strategic initiatives, and developing executive communications that help leaders make informed decisions.

This is a highly collaborative role that requires strong strategic thinking, exceptional communication and storytelling abilities, and the capacity to influence across a broad network of stakeholders. The ideal candidate is intellectually curious, business-oriented, and able to connect ideas across products, channels, clients, and organizational priorities to help drive growth and improve business outcomes.

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.

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.

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
• Support the strategic management of the Consumer Deposits portfolio by helping leaders understand business performance, client behaviors, emerging trends, and opportunities for growth.
• Identify and evaluate opportunities that enhance client engagement, deepen relationships, improve retention, and support deposit growth objectives.
• Develop executive-level presentations, leadership communications, discussion materials, and strategic recommendations.
• Translate complex business topics into clear, concise, and compelling narratives for senior leadership audiences.
• Partner closely with stakeholders across Product, Digital, Marketing, Channels, Fraud, Risk, Operations, Finance, and other key business partners to support strategic decision-making.
• Drive alignment and coordination across multiple teams and initiatives in a highly matrixed environment.
• Support business planning, operating reviews, leadership routines, and strategic initiatives.
• Develop business cases, opportunity assessments, and recommendations that support investment and prioritization decisions.
• Evaluate market developments, industry trends, client expectations, and competitive dynamics to inform business strategy.
• Facilitate cross-functional discussions that help connect priorities, identify dependencies, and advance key business objectives.
• Challenge assumptions, bring forward new ideas, and help create clarity around strategic opportunities and decisions.
• Serve as a trusted partner to leaders by providing thoughtful perspectives and helping drive action against business priorities.

Required Qualifications:

• Demonstrated strategic planning/product management skills
• 5+ years of relevant experience in Product Management, Strategy, Business Management, Consulting, Financial Services, or a related field.
• 3-5 years of experience in Product Management or a related discipline.
• Strong strategic thinking and problem-solving capabilities.
• Strong analytical skills, with proficiency in Excel and the ability to translate data into actionable insights.
• Exceptional PowerPoint and presentation development skills, including experience creating executive-level materials and leadership communications.
• Excellent verbal and written communication skills.
• Demonstrated ability to communicate effectively with executive and senior leadership audiences.
• Strong storytelling abilities and experience developing clear, concise, and compelling executive narratives.
• Demonstrated ability to synthesize information from multiple sources and translate findings into actionable business recommendations.
• Demonstrated ability to connect insights, business priorities, stakeholder perspectives, client needs, and market trends into clear strategic recommendations.
• Proven ability to influence and collaborate across a diverse group of stakeholders without direct authority.
• Strong relationship management skills with the ability to build partnerships across Product, Digital, Marketing, Channels, Fraud, Risk, Operations, and Finance organizations.
• Strong organizational skills with the ability to manage multiple priorities in a highly matrixed environment.
• Self-motivated, adaptable, and able to thrive in a fast-paced environment with minimal oversight.
• Self-starter with strong business acumen, intellectual curiosity, sound judgment, and a growth mindset.

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

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)

Pay and benefits information

Pay range

$116,600.00 - $174,300.00 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.