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Bank of America Deposit Product Pricing Manager in Boston, Massachusetts

Deposit Product Pricing Manager

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

Job Description:

The Deposit Product Pricing Manager is responsible for organizing and executing deposit interest rate and fee changes from an operational and analytical perspective. This role will develop requirements for pricing projects, analyze portfolio, measure strategy impacts, and lead issue management. This role will work closely with partners across several areas to advance key initiatives.

Key Responsibilities:

  • Execute deposit product pricing strategy, leveraging deposit systems to implement changes

  • Research and escalate issues, identify root causes and support remediation to minimize client impact and operational loss

  • Track and evaluate portfolio performance and profitability

  • Develop reporting and controls for new business processes

  • Analyze deposit product strategies, initiative performance and client behavior trends for interest rates, fees, overdraft, refunds/waivers, and payment solutions

  • Form strong partnership with key partners across the enterprise, including legal, risk, compliance, product management, front-line units and technology

Required Skills:

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

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

  • Ability to translate business partner and leadership requests into actionable business requirements

  • Demonstrated intellectual curiosity and willingness to challenge the status quo

  • Excellent verbal and written communication skills

Desired Skills:

  • 4 year degree

  • Experience with SQL/SAS coding

  • Experience with Interact and/or Synergy

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

  • 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 is responsible for organizing and executing deposit interest rate and fee changes from an operational and analytical perspective. This role will develop requirements for pricing projects, analyze portfolio, measure strategy impacts, and lead issue management. This role will work closely with partners across several areas to advance key initiatives.

Key Responsibilities:

  • Execute deposit product pricing strategy, leveraging deposit systems to implement changes

  • Research and escalate issues, identify root causes and support remediation to minimize client impact and operational loss

  • Track and evaluate portfolio performance and profitability

  • Develop reporting and controls for new business processes

  • Analyze deposit product strategies, initiative performance and client behavior trends for interest rates, fees, overdraft, refunds/waivers, and payment solutions

  • Form strong partnership with key partners across the enterprise, including legal, risk, compliance, product management, front-line units and technology

Required Skills:

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

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

  • Ability to translate business partner and leadership requests into actionable business requirements

  • Demonstrated intellectual curiosity and willingness to challenge the status quo

  • Excellent verbal and written communication skills

Desired Skills:

  • 4 year degree

  • Experience with SQL/SAS coding

  • Experience with Interact and/or Synergy

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

  • 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-22031680

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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