Consumer Product Strategy Mgr II-Client Protection
Company: Disability Solutions
Location: Richmond
Posted on: October 3, 2024
Job Description:
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. 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!Job Description:This job is responsible for
leading a group of team leaders and employees who develop
strategies and drive analytics to understand portfolio risk,
increase profitability, and optimize operational performance. Key
responsibilities include setting strategic priorities for the team,
identifying trends, and leading efforts to maximize risk versus
return for the business unit. Job expectations include using data
and analytics to solve complex problems, coaching employees, and
partnering across technology, product, and risk leadership to drive
performance.New Acct Opening-Are you a strategic and analytical
thinker who wants the chance to have a real impact on the business?
Are you fascinated by fraud activity in our digital world and
finding ways to prevent it? We are investing in world-class
solutions to protect our clients from fraud and searching for the
right analytic leader to help drive that transformation!At Bank of
America, we are guided by a common purpose to help make financial
lives better through power of responsible growth. To continue to
drive this core principle, within the Client Protection team, we
are looking for an innovative, strategic thought leader to drive
design, modernization and execution of our Digital Account Opening
framework and strategy. In this role, you will capitalize on your
strategic thinking, digital process design experience, and fraud
risk expertise to assess risk and design controls for new account
opening processes across channels and products. This will require
you to be both a creative and strategic problem solver as well as
an effective influencer at senior levels of the company. This is a
key strategic role and will be at the heart of the company's fraud
and digital transformation.Responsibilities:
- Establishes department-wide strategies and oversees portfolio
trend analysis, forecasting, and risk/control performance
- Leads innovation by identifying and championing large scale
initiatives that improve the risk management, profitability, and
control oversight of risks for the business unit
- Identifies business trends based on economic and portfolio
conditions and communicates findings to senior management
- Coaches employees on best practices for structuring complex
problems, performing analysis, and communicating the results and
implications of their work
- Design & execution of end-to-end Digital New Account Opening
framework and capabilities roadmap.
- Develop compelling vision and data driven business cases for
transformation initiatives. Lead efforts to prioritize investments
in digital ID verification capabilities for new applications.
- Partner across organizational lines, build and maintain a
coalition of executive leaders and process owners, to develop and
drive the digital account opening agenda. Facilitate regular
routines for stakeholders and senior executives.
- Partner across organization to drive prioritization and support
funding of key ID verification initiatives in new accounts
space.
- Drive Digital New Account Opening strategy requirements. Review
/ approve proposed policy and process changes (in line with broader
enterprise and channel governance processes).
- Stay current on industry trends and new, emerging technology to
support seamless new account opening, with stronger controls as
well as builds and maintains strategic relationships with peers and
counterparts across product, technology, and business control
functionsRequired Qualifications:- Design & execution of end-to-end
Digital New Account Opening framework and capabilities roadmap.-
Develop compelling vision and data driven business cases for
transformation initiatives. Lead efforts to prioritize investments
in digital ID verification capabilities for new applications.-
Partner across organizational lines, build and maintain a coalition
of executive leaders and process owners, to develop and drive the
digital account opening agenda. Facilitate regular routines for
stakeholders and senior executives.- Partner across organization to
drive prioritization and support funding of key ID verification
initiatives in new accounts space.- Drive Digital New Account
Opening strategy requirements. Review / approve proposed policy and
process changes (in line with broader enterprise and channel
governance processes).- Stay current on industry trends and new,
emerging technology to support seamless new account opening, with
stronger controls. Desired Qualifications:- Prior experience in
leading policy, strategy, analytics or initiative development in a
digital new account opening context (product development, etc.)-
Proven track record of being able to drive projects from idea to
execution in digital fraud space- Strong strategic thinking and
problem solving skills (ability to frame a complex problem,
evaluate options, and develop a plan to address)- Ability to work
across organizational lines to drive results- Ability to influence
effectively at executive levels Skills:
- Analytical Thinking
- Business Analytics
- Data Mining
- Fraud Management
- Business Process Analysis
- Critical Thinking
- Influence
- Relationship Building
- Strategy Planning and Development
- Business Case Analysis
- Issue Management
- Leadership Development
- Process Performance Measurement
- RecruitingMinimum Education Requirement: Bachelor's degree or
equivalent work experienceShift:1st shift (United States of
America)Hours Per Week: 40Pay Transparency detailsUS - NY - New
York - 1114 Avenue Of The Americas - Grace (NY1544)Pay and benefits
informationPay range$126,000.00 - $225,000.00 annualized salary,
offers to be determined based on experience, education and skill
set.Discretionary incentive eligibleThis 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.BenefitsThis 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.
Keywords: Disability Solutions, Norfolk , Consumer Product Strategy Mgr II-Client Protection, Other , Richmond, Virginia
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