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Sr. Pricing Manager / Cons Prod Strategy Mgr II

Bank of America

Bank of America

Charlotte, NC, USA · Atlanta, GA, USA · Wilmington, DE, USA · Louisville, KY, USA · Kentucky, USA · Atlanta, GA, USA · Georgia, USA · Delaware, USA · Wilmington, DE, USA · United States · Remote
Posted on Wednesday, June 12, 2024

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:

Leads a small team responsible for analyzing and recommending pricing strategies for our largest and most complex customers in the Commercial and Large Corporate segments with a clear understanding of the relationship between products/features and transaction processing methods. Maintains a strong relationship with Sales, Portfolio Management, and Finance teams to help research and proactively prepare pricing analysis to help solution customer needs. Works with internal stakeholders on pricing exceptions to evaluate customer profitability and obtain leadership approvals as necessary. Assists in product commercialization process to help develop retail pricing, update fee schedules, and incorporation into pricing tools as necessary.


This job is responsible for leading a group of team leaders and employees who develop strategies and drive analytics to understand portfolio risk, increase profitability, and optimize operational performance. Key responsibilities include setting strategic priorities for the team, identifying trends, and leading efforts to maximize risk versus return for the business unit. Job expectations include using data and analytics to solve complex problems, coaching employees, and partnering across technology, product, and risk leadership to drive performance.


Responsibilities:

  • Establishes department-wide strategies and oversees portfolio trend analysis, forecasting, and risk/control performance
  • Leads innovation by identifying and championing large scaleinitiativesthat improve the risk management, profitability, and control oversight of risks for the business unit
  • Identifies business trends based on economic and portfolio conditions and communicates findings to senior management
  • Coaches employees on best practices for structuring complex problems, performing analysis, and communicating the results and implications of their work
  • Builds and maintains strategic relationships with peers and counterparts across product, technology, and business control functions

Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

  • Diversity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company D&I goals.
  • Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.
  • Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.
  • Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.
  • People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance.
  • Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.
  • Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization.
  • Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Skills:

  • Analytical Thinking
  • Business Analytics
  • Data Mining
  • Fraud Management
  • Business Process Analysis
  • Critical Thinking
  • Influence
  • Relationship Building
  • Strategy Planning and Development
  • Business Case Analysis
  • Merchant Services experience

  • Strong organizational and time management skills

  • Ability to learn new systems quickly

  • Ability to prioritize multiple competing tasks

  • Microsoft Office (Excel, Powerpoint, Word)

  • Strong financial skills

  • Experience with large merchant clients

  • Familiarity with Merchant Services value added products

  • Familiarity with Paragon and Tableau

Shift:

1st shift (United States of America)

Hours Per Week:

40