GPS Liquidity, Liquidity Product Manager
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
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 Liquidity Product Team in GPS is responsible for managing over $550B of corporate and commercial deposits across ~40 different currencies. The team covers deposit strategy, deposit pricing, deposit appetite, product development and product management - including investment sweeps, zero balance accounts, physical cash concentration, deposit account management and multi-currency notional pooling. The team also supports large/complex liquidity deals, drives liquidity thought leadership, analyzes the impact of monetary policy on wholesale banking and leads the GPS response to regulatory changes/inquiries.
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The Liquidity Product Management team is responsible for managing a core set of Liquidity Products as well as developing new products and capabilities in the Liquidity Product space. The team seeks to empower and enable the organization through data enablement and product development while managing the end-to-end product lifecycle, including ideation of new capabilities, creating a global product vision with corresponding Product roadmaps.
We are seeking a strategic and execution-oriented Product Manager to lead the development and lifecycle management of Restricted Deposit Accounts within our Deposit Account Management team. These include Blocked Accounts, Collateral Accounts, segregated funds (client monies), Debtor-in-Possession (DIP) Accounts, and other account types requiring legal or operational restrictions. This individual will be responsible for defining and managing product strategy, controls, and infrastructure to support these specialized account types. The Product Manager will partner closely with Legal, Compliance, Operations, Technology, Risk, and Sales teams to ensure the bank maintains a robust and scalable restricted account offering aligned with regulatory and client needs.
Key Responsibilities
- Product Ownership: Serve as the product owner for all restricted deposit account types, defining the strategic roadmap and ensuring operational readiness across platforms and teams.
- Account Taxonomy & Identification: Lead initiatives to define, standardize, and maintain data attributes for proper classification and visibility of restricted account types across systems.
- Control Framework: Design and maintain product-level controls, in partnership with Legal, Compliance, Risk, and Audit, to ensure accounts meet legal, regulatory, and operational requirements.
- Sales & Service Enablement: Create product documentation, sales materials, and training to ensure front-line teams understand use cases, restrictions, and onboarding requirements.
- Product Documentation: Own and maintain product process, procedures, guides, and client-facing disclosures for restricted deposit accounts.
- Analytics & Reporting: Establish reporting frameworks and metrics to monitor account activity, adherence to controls, and exposure levels by account type.
- Client Experience & Risk Balance: Balance commercial objectives with risk, control, and operational considerations to deliver a safe, scalable, and client-friendly product offering.
Required Skills:
- Experience in product management or deposit account oversight within transaction banking or treasury services
- Ability to breakdown problems, develop collaborative solutions, and drive results
- Experience developing and maintaining product policies, controls, and procedures
- Experience delivering and leading cross functional projects
- Excellent written and verbal communication skills, including the ability to simplify complex regulatory or operational concepts for broad audiences
- Intellectual curiousity and problem solving skills
- Must think strategically and make sound judgment calls
- Collaborative working habits
- Comfortable interacting with senior colleagues
- Understanding of Treasury Management (Global Payments Solutions) business
- Proficiency in MS Office, Word, Excel and PowerPoint to support analytical and presentation needs.
Desired Skills:
- Understanding of specialized deposit accounts including blocked, collateralized, escrow, or legally restricted account types
- Familiarity with regulatory and legal frameworks
- Experience supporting sales enablement and internal training efforts.
- Strong analytical and project management skills, with experience leading product initiatives from concept to execution.
- Knowledge of large corporate or institutional client needs within cash management or liquidity products.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)
Pay and benefits information
Pay range
$105,700.00 - $169,700.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Perks and Benefits
Health and Wellness
- FSA
- HSA
- On-Site Gym
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
Parental Benefits
- Non-Birth Parent or Paternity Leave
- Birth Parent or Maternity Leave
Work Flexibility
Office Life and Perks
Vacation and Time Off
- Leave of Absence
- Personal/Sick Days
- Paid Holidays
- Paid Vacation
- Sabbatical
Financial and Retirement
- Performance Bonus
- Company Equity
- 401(K) With Company Matching
Professional Development
- Promote From Within
- Mentor Program
- Access to Online Courses
- Lunch and Learns
- Tuition Reimbursement
Diversity and Inclusion
- Diversity, Equity, and Inclusion Program