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Corporate Title: Director
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)
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
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
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.
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