Payments Product Risk Manager
New York, New York
**Job Description:**
**Job Description**
Generally has responsibility for a single Cash Management product or a set of less complex product (s). Identifies product development and tactical plans based on voice of the customer and industry trends. Maintains financial responsibility for product (s) which included P&L accountability for revenue, profit margins, etc. May act as an individual contributor or may lead a smaller team in developing and/or influencing product strategy and developing and driving products in Cash Management. May act as an individual contributor or may lead a smaller team in developing and/or influencing product strategy and developing and driving products in Cash Management. Provides comprehensive solutions to complex problems or needs. Has extensive technical or functional knowledge of product(s) managed.
At Bank of America, each day brings innovation and opportunity. We are dedicated to turning technology advances into treasury solutions for our clients globally - across all segments and industries. We are looking for highly motivated, self-starters who can advocate for our clients in providing liquidity management, payments and receipts, trade and supply chain finance, FX and commercial card services, by complementing high tech with a personalized touch. Challenge the status quo and influence peers with diverse points of view. Forward thinkers with ability to see what's next in treasury management. The future of treasury management is here at Bank of America. Powered by people. Driven by Technology.
The Payment Product Risk Manager will manage risk for a $2B business spanning 37 countries. This is a key role on a dynamic team, in a business undergoing industry transformation and rapid technology change. The risk manager will have regular interaction with senior leadership of the bank and significant international exposure. The team covers both traditional payments like ACH, Wires and FX, as well as new payment types such as Real Time Payments, Wallets, and Tokenized Payments.
The role reports to the Head of Global Payments Product Risk within the Global Transaction Services business.
**Specific responsibilities include:**
+ Set, communicate and document a payments risk framework
+ Identify specific payments product risks and develop controls
+ Develop and produce risk metrics, limits and reporting
+ Lead operational resiliency initiatives
+ Run payments product risk forums and represent payments at senior risk forums
+ Manage internal audits and external regulatory exams
+ Coordinate across individual product management and regional teams, and across functional partners including technology, operations, service, legal, compliance and sales
**Required Skills: Must have these skills to be minimally qualified.**
+ Inclusive and Inspiring: Seeking motivating team players who value collaboration, celebrating shared success and who actively seek and appreciate diverse thoughts and backgrounds
+ Authentic and Passionate: Seeking highly engaged teammates whose intensity and intentions align and are enthusiastic about the work we are doing for our clients and in our communities
+ Innovative and Curious: Seeking teammates with out-of-the box ideas and solutions, who embrace change with a future-forward mindset, and are looking to challenge the status quo
+ Confident and Agile: Seeking strong communicators who value giving and receiving feedback, easily build relationships, and who are quick thinking, flexible, and always learning and sharing knowledge
+ Strong risk manager
+ Keen attention to detail
+ Ability to navigate across global and cross-functional teams
+ Adept at tackling large, unstructured problems
+ Effective written and verbal communicator, with ability to make the complex simple
+ Payments/transaction services and/or risk management experience
+ Six+ years of experience
+ Minimum of Bachelor's degree
**Job Band:**
H5
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
0
**Job Description:**
**Job Description**
Generally has responsibility for a single Cash Management product or a set of less complex product (s). Identifies product development and tactical plans based on voice of the customer and industry trends. Maintains financial responsibility for product (s) which included P&L accountability for revenue, profit margins, etc. May act as an individual contributor or may lead a smaller team in developing and/or influencing product strategy and developing and driving products in Cash Management. May act as an individual contributor or may lead a smaller team in developing and/or influencing product strategy and developing and driving products in Cash Management. Provides comprehensive solutions to complex problems or needs. Has extensive technical or functional knowledge of product(s) managed.
At Bank of America, each day brings innovation and opportunity. We are dedicated to turning technology advances into treasury solutions for our clients globally - across all segments and industries. We are looking for highly motivated, self-starters who can advocate for our clients in providing liquidity management, payments and receipts, trade and supply chain finance, FX and commercial card services, by complementing high tech with a personalized touch. Challenge the status quo and influence peers with diverse points of view. Forward thinkers with ability to see what's next in treasury management. The future of treasury management is here at Bank of America. Powered by people. Driven by Technology.
The Payment Product Risk Manager will manage risk for a $2B business spanning 37 countries. This is a key role on a dynamic team, in a business undergoing industry transformation and rapid technology change. The risk manager will have regular interaction with senior leadership of the bank and significant international exposure. The team covers both traditional payments like ACH, Wires and FX, as well as new payment types such as Real Time Payments, Wallets, and Tokenized Payments.
The role reports to the Head of Global Payments Product Risk within the Global Transaction Services business.
**Specific responsibilities include:**
+ Set, communicate and document a payments risk framework
+ Identify specific payments product risks and develop controls
+ Develop and produce risk metrics, limits and reporting
+ Lead operational resiliency initiatives
+ Run payments product risk forums and represent payments at senior risk forums
+ Manage internal audits and external regulatory exams
+ Coordinate across individual product management and regional teams, and across functional partners including technology, operations, service, legal, compliance and sales
**Required Skills: Must have these skills to be minimally qualified.**
+ Inclusive and Inspiring: Seeking motivating team players who value collaboration, celebrating shared success and who actively seek and appreciate diverse thoughts and backgrounds
+ Authentic and Passionate: Seeking highly engaged teammates whose intensity and intentions align and are enthusiastic about the work we are doing for our clients and in our communities
+ Innovative and Curious: Seeking teammates with out-of-the box ideas and solutions, who embrace change with a future-forward mindset, and are looking to challenge the status quo
+ Confident and Agile: Seeking strong communicators who value giving and receiving feedback, easily build relationships, and who are quick thinking, flexible, and always learning and sharing knowledge
+ Strong risk manager
+ Keen attention to detail
+ Ability to navigate across global and cross-functional teams
+ Adept at tackling large, unstructured problems
+ Effective written and verbal communicator, with ability to make the complex simple
+ Payments/transaction services and/or risk management experience
+ Six+ years of experience
+ Minimum of Bachelor's degree
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-22070505
Band: H5
Manages People: No
Travel: Yes, 10% of the time
Manager:
Talent Acquisition Contact:
Cesar DeLara
Referral Bonus:
0
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .
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To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .
