Director, Prime Financing Product Manager
New York, New York
Job Description:
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Job Description:
The Global Markets Platform Group is looking for an individual to take responsibility to manage particular product and platform priorities for Global Markets Prime Financing & Swaps. The role will focus on technical Product Management requiring proficiency in Prime Financing, Swaps and Delta One trading to manage product and platform deliveries across a range of functions including Swap and Financing lifecycle, Pricing, Margining, Risk Management, Client Reporting, Collateral and Asset Servicing.
The role requires Prime Financing experience and the candidate to be deeply familiar with the end to end lifecycle of products and flows across all business units; including Cash Equities, Repo, Bonds, OTC Derivatives, Swaps, Rates, Commods, FX as well as possessing industry experience and knowledge of key products and offerings.
This further entails having a deep understanding of the markets, clients, technologies and products associated with these products and functions. The successful candidate will be a core subject matter expert and a critical pillar in driving business and technology strategy, implementing best in class technology solutions and helping deliver meaningful change across the Global Markets infrastructure.
Role:
Define Product & Platform strategy in close collaboration with Global Markets leadership, Technology and associated support functions
Define detailed design requirements and architectural strategy in conjunction with critical support partners. e.g. Technology, Sales & Trading, Compliance, Legal, Operations, Risk Management, etc.
Manage and govern key Global Markets investment initiatives
Drive detailed analysis of priority products and platforms, clients and markets to establish product baselines, peer insights and commercial opportunities
Establish coherent, well defined business cases and technology roadmaps
Be an active participant in discussions and influence decisions around the end to end lifecycle and the strategic technology architecture across Global Markets
Work closely with Technology and Product partners to maintain oversight of our investments, progress and adherence with regulatory obligations
Responsibilities
Own and drive Platform strategy for Global Markets Prime Financing functions;
Define and document business opportunities, pitch investment cases and build forward looking technical roadmaps
Document requirements and ensure product delivery aligns to user requirements and architectural strategy
Measure product baselines and define KPIs, SLOs, SLAs and other target metrics
Explore industry, client and competitor trends to ensure product remains relevant and forward looking
Ensure the ongoing delivery of critical product as follows:
Robust governance and management of core investments and priorities
Work and collaborate with IT and Support partners
Influence and shape future investment and design decisions in conjunction with management and business leads
Required Qualifications:
Technology and Prime Financing background with strong understanding of Cash Equities, Repo, Bonds, OTC Derivatives, Swaps, Rates, Commods and FX lifecycle
Highly familiar with prime financing functions and workflows with a data driven and automation first mindset
Experience delivering and driving technical solutions for Swap and Financing lifecycle, Pricing, Margining, Risk Management, Client Reporting, Collateral and Asset Servicing functions
Comfortable managing diverse stakeholders and challenging status quo and current design principals
Excellent communicator able to traverse from granular developer level interactions up to senior leadership
Strong team work and ability to collaborate with others
Excellent problem solver with an ability to work independently and comfortable working in a fluid environment with shifting priorities
Highly motivated and strong desire to learn business and new technologies
Desired Qualifications:
Experience with managing operational or system risk
Some coding/scripting experience (with knowledge of best practices) in Java/Python preferred
FINRA Series 7 and 63 registered
Product Management certifications/Experience
Shift:
1st shift (United States of America)
Hours Per Week:
40
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Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
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