Product Manager, Capital Markets Technology

Posted:
9/25/2024, 12:39:38 PM

Location(s):
New York, New York, United States ⋅ New York, United States

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Product

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Job Description:
Responsible for maximizing the value for one or more products, at the program level in a scaled Agile model. Defines the vision and roadmap for the program, defining and prioritizing the features/epics in the program backlog, and articulating this to both stakeholders and development teams. Works closely with stakeholders to understand their needs, and with Products Owners to ensure they are aligned on priorities. They support and collaborate with the Product Portfolio Executive on financials throughout delivery. Is an expert of the products, business or technology domain, and the industry in which the product competes. This role can be part of the business/LOB (recommended) or in technology. As an expert, creates the vision and roadmap for the program based on customer requirements, industry trends, regulations, and the strategic direction for the business or technology domain. Communicates the program vision and roadmap to stakeholders, Product Owners and the teams. Oversees the budget(s) for one or more products. Provides input into defining business capabilities and aligning them to products or creating new products to support them. Articulates the business value to Product Owners so they understand product and strategy; Ensures alignment across product roadmap to achieve portfolio objectives. Creates and prioritizes features/epics in the program backlog; empowered to make decisions about trade-offs with emerging work versus planned work. Refines features/epics with the Product Owners to ensure there is enough ready work for the upcoming 1-2 quarters. Reviews and accepts features/epics and is empowered to make on-the-spot decisions on scope and requirements. Works in partnership with the Product Owners and the teams to ensure that optimum value is obtained through technology and through an advanced understanding of the business and industry trends. Participates and attends relevant industry events to bring points of view and trends to the Bank. May lead a Community of Practice and participate in the Center of Excellence. May manage a team.

Who We Look For:

 We are the GCIB Technology group serving the technology needs of the Global Corporate Investment Banking team in Bank of America. We are looking for a Product Manager for the role of Director dedicated to Capital Markets Technology programs.  This role is responsible for maximizing the value for a set of products. Key responsibilities include defining the vision and roadmap for products, defining and prioritizing the features/epics in the program backlog, and articulating this to both stakeholders and development teams. This role works closely with business stakeholders to understand their needs, and with Products Owners to ensure they are aligned on priorities, as well as the technology team. This role supports and collaborates with the Portfolio Product Executive on financials throughout delivery. They are experts of the products, business or technology domain, and the industry in which the product competes.

Job Overview:

  • Gain an in-depth understanding of Capital Markets applications, how they are used by the business and how applications fit into the overall deal workflow.
  • Create the vision and roadmap for the program based on customer requirements, industry trends, regulations, and the strategic direction for the business or technology domain.
  • Communicate the program vision and roadmap to C-Suite stakeholders, Product Owners and the teams.
  • Provide input into defining business capabilities and aligning them to products or creating new products to support them.
  • Articulate the business value to Product Owners so they understand product and strategy; Ensure alignment across product roadmap to achieve portfolio objectives.
  • Create and prioritize features/epics in the program backlog; empowered to make decisions about trade offs with emerging work versus planned work.

Required Qualifications:

  • 10-12 years BA experience of Equity Capital Markets/ New Issue/ Primary Markets
  • Subject matter expert understanding of products and services within their business line and in comparable industry organizations. Implements operating model within their area and influences continuous improvement
  • Proficiency in JIRA and Confluence
  • Ability to track program and multiple value stream variances in order to ensure work aligns with program objectives
  • Prior experience facilitating program/portfolio level planning ceremonies against backlog/prioritized work
  • Management of risk/dependencies/impediments
  • Ability to answer program/portfolio level Agile/waterfall framework questions
  • Excellent analytical, problem solving and strategic thinking ability; ability to troubleshoot production issues and get them resolved quickly by the appropriate support team.
  • Superior verbal and written communication skills; ability to get a point across quickly and concisely is important
  • Deep understanding of stakeholder expectations and creates regular updates to keep stakeholders informed
  • Highly organized, detail-oriented, ability to prioritize effectively and handle responsibilities for multiple programs / support issues concurrently

Desired Qualifications:

  • Knowledge of Capital Markets and the Syndication Process
  • Experience in either Debt Capital Markets(DCM) or Equity Capital Markets (ECM)
  • Good detailed understanding of deal flow, for at least one of ECM, DCM, Corporate Loans
  • Understanding of working directly with the front office, and working with senior business leadership
  • Experience working with global teams
  • MBA or MS degree

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)

Pay and benefits information

Pay range

$115,800.00 - $215,000.00 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.