Bank Of America Treasury Product Manager 

Brazil, São Paulo, Santana de Parnaíba 

259739682

Job Description:

Job Description:

The transaction services business in Brazil is going through intense regulatory changes, as well as a dynamic market absorbing new technology facilities. These transformations demand careful analysis to address risks involved, ensure business performance, and keep operations running properly, which requires additional controls to be implemented and monitored to assure that regulation is being followed as well as to internal controls. In parallel with this the organization requires higher level of monitoring of the products, therefore to attend seamlessly to these responsibilities, the Treasury Product Manager will coordinate the activities with all necessary internal stakeholders and other line of business team members.

Responsibilities:

• Partner with internal and industry stakeholders, including regulators on all matters related to payments risk – acting as central point of communication within the payments product team.
• Complete understanding and knowledge of the local regulation including, but not limited to Pix, internal policies and procedures.
• Support all regulatory implementation projects and ensure regulatory requirements are clearly understood. Escalate issues or conflicts in legal and regulatory requirements as appropriate.
• Continuous tracking of new regulatory releases, as well as formal documentation of these new regulatory changes.
• Partner with Compliance, Legal, GFC and GIS to receive, analyze and officially respond observations from Central Bank and other authorities.
• Design, implement and develop new processes to ensure the bank complies with Local Law and with Corporate Standards.
• Act as point of escalation and liaison for region specific new product approvals, product risk traceability, product monitoring metrics and non-standard reviews.
• Review market and regulatory trends in Brazil and recommend improvements to existing business strategies, active dialogue with country compliance to stay ahead of all regulatory changes and impact to the business.
• Coordinate external requirements and internal procedures, assuring compliance and risk analysis, creating business continuity plans to limit risks.
• Together with Operations and Vendor Management support vendor management routines.
• Lead on the development, maintenance and review of governance policies and procedures in accordance with current legislation and good practice.

Skills:

• Deep knowledge of Brazil Central Bank jurisdiction, as well as other regulations applicable to GPS business
• Good working knowledge of core transaction services products, including payments, liquidity, taxes, cards settlement/domicile and receivables.
• Knowledge and experience in a risk management function.
• Ability to engage with other product and technical experts to understand operational and commercial aspects of regulatory change.
• Strong team player and communicator with ability to effectively manage key partnerships with LOB and non-LOB colleagues.
• Excellent communication skills in English (verbal and written).
• Sense of ownership andurgency, proactiveand hands-on approach. Ability to lead and handle sensitive discussions.
• Highly organized with ability to multitask and manage to multiple deadlines.
• Comfortable pushing back while also acting as a solution focused advisor to product.