Bank of America

Discussion

Deposit Product Pricing 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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for reviewing and pricing products and services. Key responsibilities include analyzing the profitability of a client and/or specific product or service, developing and implementing pricing recommendations and working closely with Product Managers on pricing strategies. Job expectations include applying technical knowledge of pricing strategies and models, communicating effectively with sales officers to address questions and issues, and coordination of required senior management approvals.

The Deposit Product Pricing Manager has responsibility for pricing strategy, execution, reporting, and control monitoring efforts for Deposit products. This role will support Deposit fee and interest rate strategies with a focus on enhancing client experience, reducing risk, and improving efficiency. This individual will collaborate with leaders across multiple products and key support areas such as Risk, Finance, and Technology.

Responsibilities:

  • Supports the development of pricing and profitability strategies in partnership with Senior Pricing Manager
  • Analyzes and distills large quantity of data to help inform strategic direction or decision
  • Assists with identification and implementation of enhancements to pricing structure
  • Coordinates with Senior Pricing Manager to communicate pricing strategy and impacts to financials, profit and loss (P&L) activities, such as revenue and profit margins
  • Engages with relevant partners and stakeholders to address questions about pricing strategy
  • Remediates pricing errors or issues thoroughly
  • Assess financial, compliance, client experience implications of pricing strategy changes
  • Lead successful implementation of key initiatives, ensuring alignment to overall strategy
  • Support product control efforts, including management of Deposit pricing performance metrics
  • Provide ongoing analysis and review of key pricing performance metrics with leaders in various organizations
  • Understand competitive and regulatory pricing environment, support strategies that enhance the client experience, reduce risk, and enable responsible growth

Required Qualifications:

  • Extensive technical or functional knowledge of pricing strategies and models
  • Demonstrate strong analytical and data mining skills
  • Experience generating and editing complex SQL queries and building automated reporting solutions
  • Detail-oriented, highly organized, adaptable to ever-changing requirements
  • Strong communication skills (verbal and written). Must be able to concisely summarize key observations, clearly articulate considerations, propose solutions.
  • Self-starter with the ability to manage multiple priorities and deadlines efficiently
  • Ability to identify key successes and opportunities, and deliver recommendations based on findings
  • Proficient with Microsoft Office Suite

Desired Qualifications:

  • Strong analytical skills, ability to work with large sets of complex data, understand and extrapolate key insights
  • Experience in creating visually pleasing, executive level presentations that effectively “Tell the Story”
  • Understanding of Consumer & Small Business products, channels, and financial performance measures/drivers
  • Control focused mindset and good understanding of operational, compliance, regulatory and reputational risks
  • Ability to form strong partnerships with key stakeholders and work with them on initiatives
  • Process oriented, looks for ways to continuously improve efficiency and reduce risk

Skills:

  • Attention to Detail
  • Business Analytics
  • Critical Thinking
  • Data and Trend Analysis
  • Financial Analysis
  • Collaboration
  • Financial Forecasting and Modeling
  • Problem Solving
  • Process Management
  • Product Management
  • Market Analysis
  • Oral Communications
  • Profitability Analysis
  • Reporting
  • Strategic Thinking

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)

Pay and benefits information

Pay range

$90,000.00 - $108,100.00 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.
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