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Bank of America Deposit Product Pricing Manager - Fee Strategy in Boston, Massachusetts

Deposit Product Pricing Manager - Fee Strategy

Charlotte, North Carolina;Addison, Texas; Boston, Massachusetts; Newark, Delaware

Job Description:

The Deposit Product Pricing Manager – Fee Strategy is responsible for identifying and developing strategies, performing client behavior analysis and supporting efforts that enhance client experience, reduce risk and improve efficiency related to deposit product fees. This role will work closely with partners across several areas to advance projects, programs, and address issues.

Key Responsibilities:

  • Provide ongoing analysis and review of key fee performance metrics with senior leaders in various organizations

  • Support successful implementation of key initiatives, ensuring alignment to overall strategy

  • Assess financial, compliance, client and associate experience implications of fee strategy changes

  • Develop and manage control and measurement plans for key fee related initiatives

  • Identify deposit fee related issues and lead remediation efforts

  • Ensure procedures, job aids, knowledge guides and other resources are clear and accurate

Required Skills:

  • Detail-oriented, highly organized, adaptable to ever-changing requirements

  • Understanding of Consumer & Small Business products, channels, and financial performance measures/drivers

  • Critical thinking with ability to analyze key data elements necessary to solve problems

  • Ability to identify key successes and opportunities, and deliver recommendations based on findings

  • Demonstrated intellectual curiosity and willingness to challenge the status quo

  • Demonstrates high level of verbal and written communication skills

Desired Skills:

  • 4 year degree

  • Experience with SQL/SAS coding

  • Experience with Interact and/or Synergy

  • Proficient with Microsoft Office Suite 

Enterprise Role Description :

Responsible for reviewing and pricing products and services. Analyzes the profitability of the client and/or specific services, works up pricing recommendations, and implements and verifies pricing. Must work closely with Product managers on pricing strategies and involve Product managers on deals when necessary. Is responsible for communicating with sales officers and addressing pricing questions and/or issues from the Sales team. Must also be aware of the deal size and arrange for senior management approval calls. May act as an individual contributor or may lead a smaller team in developing and/or influencing pricing strategies and profitability. Provides comprehensive solutions to complex problems or needs. Has extensive technical or functional knowledge of pricing strategies and models.

Job Band:

H5

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

The Deposit Product Pricing Manager – Fee Strategy is responsible for identifying and developing strategies, performing client behavior analysis and supporting efforts that enhance client experience, reduce risk and improve efficiency related to deposit product fees. This role will work closely with partners across several areas to advance projects, programs, and address issues.

Key Responsibilities:

  • Provide ongoing analysis and review of key fee performance metrics with senior leaders in various organizations

  • Support successful implementation of key initiatives, ensuring alignment to overall strategy

  • Assess financial, compliance, client and associate experience implications of fee strategy changes

  • Develop and manage control and measurement plans for key fee related initiatives

  • Identify deposit fee related issues and lead remediation efforts

  • Ensure procedures, job aids, knowledge guides and other resources are clear and accurate

Required Skills:

  • Detail-oriented, highly organized, adaptable to ever-changing requirements

  • Understanding of Consumer & Small Business products, channels, and financial performance measures/drivers

  • Critical thinking with ability to analyze key data elements necessary to solve problems

  • Ability to identify key successes and opportunities, and deliver recommendations based on findings

  • Demonstrated intellectual curiosity and willingness to challenge the status quo

  • Demonstrates high level of verbal and written communication skills

Desired Skills:

  • 4 year degree

  • Experience with SQL/SAS coding

  • Experience with Interact and/or Synergy

  • Proficient with Microsoft Office Suite 

Enterprise Role Description :

Responsible for reviewing and pricing products and services. Analyzes the profitability of the client and/or specific services, works up pricing recommendations, and implements and verifies pricing. Must work closely with Product managers on pricing strategies and involve Product managers on deals when necessary. Is responsible for communicating with sales officers and addressing pricing questions and/or issues from the Sales team. Must also be aware of the deal size and arrange for senior management approval calls. May act as an individual contributor or may lead a smaller team in developing and/or influencing pricing strategies and profitability. Provides comprehensive solutions to complex problems or needs. Has extensive technical or functional knowledge of pricing strategies and models.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-22037639

Band: H5

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Jennifer Potter

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) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

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