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 developing and managing the end-to-end product life cycle for highly complex products. Key responsibilities include conducting market research and competitor analyses, determining product pricing, developing short and long-term strategies, and identifying innovative opportunities to modernize product offerings and deliver a more unified customer experience. Job expectations include ensuring that product management efforts are integrated with sales, marketing, operations, implementation, and customer service strategies.

The Home Lending Products Team is responsible for delivering a full range of mortgage and home equity products and services to help our clients meet their financial goals. The team is accountable for the development and management of all mortgage and home equity lending products, including conducting market research and competitor analyses, developing short- and long-term strategies and outlooks, and designing and tailoring products and services to meet our clients' needs.

This role is for a versatile mortgage professional who has a business development mindset combined with a demonstrated ability to execute across a complex organization and adaptability to shifting priorities in a changing business environment.

Responsibilities:

• Identifies and creates comprehensive plans for product development and deployment, including supporting the creation of sales training programs and marketing materials to educate clients and internal teams on product capabilities
• Oversees a set of products and maintains financials, including managing the investment profile and profit and loss (P&L) activities, such as revenue and profit margins
• Provides information on product trends to sales and marketing teams leveraging knowledge of product functionality, marketplace trends, and the competitive landscape
• Identifies opportunities to streamline or enhance product offerings to fit client's existing and future needs and support continued growth and operational excellence
• Manages risk through implementing and monitoring effective controls in partnership with key support partners
• Partners with internal stakeholders to obtain meaningful insights about markets, clients, and competitors in order to develop products that solve client needs and ensure high adoption rates
• Develops and influences product strategy, driving products to provide comprehensive solutions across the bank
• Manage strategic and operational aspects of existing or new products and programs to stimulate growth across the home lending product suite while mitigating risk. Execution includes management of product and program risks, as well as coordination with key stakeholder group.
• Leveraging subject matter expertise to develop strategies, resolve issues, create business cases and drive portfolio growth
• Establish opportunities to positively impact the product P&L and deploy initiatives that improve the appeal and competitiveness of the solution(s)
• Role will have accountability over the client experience, including satisfaction levels, complaint themes and understanding partner resolutions for issues, risks and escalations

Required Qualifications:

• Demonstrated strategic planning/product management skills
• Strong analytical skills with breadth of view
• Negotiation skills
• 7+ years of relevant experience
• Adaptable business professional with strong business acumen
• Experience working on complex initiatives (deploying across multiple channels, impacting multiple audiences), including development of compelling cases for change/business justifications and execution
• Strong organizational and presentation skills with clear, concise communication skills
• Ability to develop strong working relationships and influence teammates and partners,
• Ability to work independently and prioritize work to meet deadlines/milestones

Desired Qualifications:

• 7+ years of mortgage diverse industry experience
• College Degree - B.A or B.S.

Skills:

• Collaboration
• Executive Presence
• Oral Communications
• Presentation Skills
• Problem Solving
• Attention to Detail
• Continuous Improvement
• Influence
• Product Management
• Strategic Thinking
• Business Analytics
• Innovative Thinking
• Market Analysis
• Process Management
• Reporting

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - CA - Westlake Village - 31303 Agoura Rd - 31303 Agoura Road (CA6917), US - NY - New York - 1114 Avenue Of The Americas - Grace (NY1544)

Pay and benefits information

Pay range

$106,000.00 - $170,200.00 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.