Job Description:

Job Title: Treasury Product Manager

Corporate Title: Director

Location: London

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. 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!

The Team:

The Global Trade & Supply Chain Finance (GT&SCF) business at Bank of America provides our Corporate and Financial Institution clients with a range of financing and risk mitigation solutions that support domestic and cross-border trade. GT&SCF is part of the wider Global Payments Solutions (GPS) business, which is a leading provider for treasury and cash management solutions, with 100,000 +clients globally, spanning across all segments and industries, from middle-market businesses to the world’s largest corporate and financial institutions. In addition to Trade and Supply Chain Finance, The GPS product suite includes:

• Liquidity Management

• Payment and Receipts

• Transactional Foreign Exchange

• Commercial Card

• Platform and Channels (Online portal, Mobile app, Machine-to-machine Connectivity)

Trade and Supply Chain Finance has three main solution sets: Supply Chain Finance (including Receivables Finance), Core Trade (including Guarantees, LCs, Trade Loans), and Export Agency Finance (Export Credit Agency-backed financing solutions), and has been identified as a strategic growth opportunity for the GPS business and wider BofA franchise. It is in the process of a multi-year digital transformation, which will see it deploy best-in-class technologies to create 100% digital client journeys.

Role Description:

Bank of America is seeking a senior Trade Leader to run GT&SCF Product Management for the Europe, Middle East, and Africa Region (EMEA). In this role, the candidate will be responsible for the end-to-end management of Global Trade & Supply Chain Finance products in EMEA, working to ensure that we continue to develop and structure market-leading solutions and propositions for clients, whilst maintaining a strong and disciplined control environment. Very deep knowledge and experience of Supply Chain Finance and Core Trade (in particular Trade Loans, Letters of Credit and Guarantees/Standby Letters of Credit), and good knowledge and understanding of Export Agency Finance will be key, as will exceptional product management, product delivery/development and leadership skills.

Main Responsibilities:

• EMEA Product development and commercialization- support GT&SCF’s significant innovation agenda, driving regional product strategy, engaging clients to understand market dynamics and requirements, and driving commercialization of new capabilities in partnership with BofA’s Banking, Treasury Sales, and Trade Product Specialist Sales teams. The candidate will also have the opportunity to work on global initiatives with the Global Product Management teams

• Business strategy- define regional GT&SCF Product strategy, in conjunction with the EMEA Head of Trade.

• Engage with industry bodies on regulatory and market change

• P&L management- drive pricing strategy, forecasting, revenue optimization, capital optimization

• Optimization of business and operational processes – identify opportunities to streamline and simplify business and operational processes, including via digitalization, to drive enhanced client experience and reduce costs

• Risk management- proactively identify and escalate current and horizon risks, manage audits and regulatory engagement

• Developing the EMEA Trade Product Management team skillset and knowledge

• Ensuring synergy with other GTS products by sharing knowledge and best practice

• Representing BofA at various regional industry forums

What we are looking for:

• Product Management experience in GT&SCF products, including structuring and execution

• Innovation – tangible experience of identifying and executing on strategic opportunities

• Stakeholder management

• Manage products end to end, while adapting team structures and hiring and developing talent as the business grows.

• Communication and client facing skills

• Data analysis and presentation

Benefits of working at Bank of America – UK

• 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

• 20 days of back-up childcare including virtual tutoring 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 etc

• Use of a flex fund to use towards benefits

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services

• 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 programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

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.