Bank of America Corporation

GPS Innovation Business and Strategy Lead

Bank of America Corporation$98K — $134K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Three years of related experience
  • Project management and risk governance expertise
  • Relevant business experience with basic financial modeling
  • Proficiency in Microsoft Office, especially Excel and PowerPoint
  • Strong verbal and written communication skills
  • Ability to navigate a large, matrixed organization
  • Capacity to problem solve and innovate in a regulated environment
  • Collaborative nature with a focus on team cohesion
  • Experience in coaching junior teammates and guiding innovation initiatives

Responsibilities

  • Design and develop business requirements based on client needs
  • Develop expertise and business acumen for payment solutions implementation
  • Create and enhance Innovation concepts for Global Payments Solutions
  • Collaborate with subject matter experts to refine concepts
  • Construct business cases to prioritize opportunities for impact
  • Conduct analyses to extract insights and communicate findings clearly
  • Track metrics to evaluate the viability of concepts

Benefits

  • Industry-leading benefits package
  • Access to paid time off
  • Resources and support to thrive
  • Opportunities to contribute to sustainable business growth and community impact
Full Job Description
Job Description:

Drives development of GPS Innovation strategic direction and execution of related initiatives across the organization. Supports senior leaders across the payments space. Leads sourcing and progression of concepts through the innovation funnel articulating client pain points, potential solutions, applicable frameworks, business economics, etc. Partners with SMEs across the organization to flesh out concepts and next steps. Develops requirements for test and learn, success metrics and criteria for proofs of concepts. Takes learnings to design a phased commercialization approach partnering with product to deliver on concept vision.

Responsibilities:
  • Design and develop business requirements based on a true understanding of client needs, working closely with cross-functional partners to inform scope and solution design of new functionality for Corporate, Customer-facing and Associate-facing solutions
  • Develop subject-matter expertise and business acumen in order to design and implement these payment solutions
  • This will be an individual contributor role working across consumer, small business, wealth and corporate banking client segments.
  • Develop Innovation concepts for Global Payments Solutions
  • Partner with LOB SMEs to evaluate and flesh out concepts
  • Create business cases to prioritize opportunities
  • Conduct analyses, extract insights, and communicate finding simply and succinctly
  • Develop and track metrics to understand viability of concepts
  • Improve visibility and usability of learnings from assessment of Innovation concepts to support strategic decision making
  • Maintain visibility into Payments industry trends and developments
  • Deliver payment solutions in business, technology or operations role with proven track record on managing projects end-to-end through the system development lifecycle, bringing new capabilities to market.
  • This job is responsible for leading diverse functions across a broad range of strategic functions. Key responsibilities include consulting with senior management to define and lead projects that encompass and impact many associates and assisting with the execution of key strategic initiatives.
  • Job expectations include having knowledge of general bank policies, programs, and procedures and financial and accounting practices.


Required Qualifications:
  • Three years of related experience
  • Project management and risk governance
  • Relevant business experience and comfort with basic financial modeling (i.e. corporate finance, corporate strategy, consulting)
  • Proficiency in Microsoft Office (comfort with Excel and PowerPoint are required)
  • Excellent verbal and written communication skills
  • Ability to navigate a large, matrixed organization
  • Ownership of innovation concepts and initiatives
  • Ability to problem solve and work innovatively within the constraints of a regulated organization
  • Intellectual curiosity with an ownership mentality
  • Collaborative and able to bring cross-functional teams together
  • Coaches junior teammates and assists with development of "what" and "how"
  • Partners with senior leaders across the organization to screen potential innovation concepts and areas of interest


Desired Qualifications:
  • Payments experience
  • MBA


Skills:
  • Attention to Detail
  • Business Analytics
  • Business Intelligence
  • Data and Trend Analysis
  • Reporting
  • Analytical Thinking
  • Data Management
  • Data Mining
  • Presentation Skills
  • Research
  • Continuous Improvement
  • Data Visualization
  • Innovative Thinking


Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$98,300.00 - $134,000.00 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.

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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