Bank of America Corporation

Program Manager

Bank of America Corporation$117K — $175K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 8+ years of project management experience
  • Knowledge of structured project management methods
  • Understanding of Bank's Enterprise Change Policy & Standards
  • Proven track record of delivering programs on schedule and budget
  • Ability to solve ill-defined problems and identify necessary deliverables
  • Strong stakeholder communication skills at all levels
  • Proficient with MS tools including Word, Excel, Project, and Visio
  • Experience in a matrix management organization.

Responsibilities

  • Define program controls, processes, and decision governance structures
  • Collaborate with project sponsors and teams to set scope and timelines for initiatives
  • Monitor task execution and track progress against key performance indicators
  • Identify and analyze program risks, preparing reports for stakeholders
  • Work with teams and vendors to meet program objectives
  • Facilitate discussions with stakeholders to resolve project issues
  • Coach and guide project teams to ensure effective execution.

Benefits

  • Access to paid time off
  • Industry-leading employee benefits
  • Resources and support for personal and professional development
  • Opportunity to contribute to community growth in addition to business objectives.
Full Job Description
Job Description:
This job is responsible for overseeing programs and projects specific to corporate change initiatives that impact how the bank does business, provides a product or service, or executes a function. Key responsibilities include serving as the primary contact to department managers for critical change initiatives and communicating, influencing, and negotiating vertically and horizontally to obtain or leverage resources. Job expectations include delivering regulatory and executive materials and ensuring results align to program strategy, simplification, and new capabilities.Responsible for the execution of program(s) and associated projects, that have a significant impact on how the Bank and Global Payments Solutions do business, provide services to clients, adhere with regulatory or regional requirements or execute a function.

Responsibilities:
  • Defines program controls, processes, procedures, reporting cadence, decision governance structures, and ways of working with key stakeholders
  • Works closely with project sponsors, cross-functional teams, and assigned project managers to develop the scope, deliverables, required resources, work plan, budget, and timing for new change initiatives
  • Monitors the execution of defined tasks through tracking of program milestones and their statuses, developing program plans, and measuring progress against ongoing key performance indicators
  • Analyzes, evaluates, and overcomes program risks, and produces program reports for managers and stakeholders
  • Identifies key requirements for cross-functional teams and external vendors to perform in alignment with the program objectives
  • Works with other program managers to identify risks and opportunities across multiple projects within the department, leading them to negotiate decision making for efficient and effective resolution
  • Meets with stakeholders to provide transparency into project issues and decisions on services, builds positive relationships, asks questions, and uses tools to uncover root causes to challenges, identify opportunities, and make recommendations
  • Demonstrates strong project management skills, including the ability to prioritize work, identify critical path and meet deadlines
  • Strong communication skills, verbal and written, with ability to cater style/approach based on audience
  • Displays ability to utilize sound business judgment and tailor approach to drive optimal business outcomes
  • Serves as primary contact to stakeholders and senior leaders as appropriate on critical change or special project initiatives
  • Works with Program Executive and Program Sponsor to develop program objectives, business outcomes and success criteria and capture in Program Charter
  • Identifies key program stakeholders, defines their role and required outcomes and with project manager assigns key activities
  • Communicates, influences and negotiates both vertically and horizontally to obtain or leverage necessary resources
  • Drives stakeholder engagement and resolves gaps in program/project representation from key functional teams as required
  • Ensures clearly defined responsibilities and accountabilities for key program/project roles
  • Responsible for coaching, guiding and providing direction to program/project team
  • Creates a clear, coherent approach to guide effective program / initiative setup, execution, and control
  • Defines, owns and facilitates required management routines for program with detailed understanding of enterprise and PMO governance requirements
  • Manages program scope, timeline and budget by facilitating program routines to assess overall health, manage risks/issues, identify change controls, etc.
  • Accountable for analyzing present-state, developing alternative future-state approaches and facilitating implementation
  • Integrates knowledge of end-to-end business process into program planning and decisioning processes
  • Maintains program level TAR list and drives decisions to facilitate resolution
  • Active participant in program and project plan development and owns ensuring adherence to schedule overall and critical path
  • Acts as point of escalation for project managers and business stakeholders identified as participants in program
  • For Technology programs: partners with Tech program manager to facilitate delivery together - people, process and tech


Required Qualifications:
  • 8+ years of project management experience
  • Knowledge of structured project management methods
  • Knowledge of Bank's Enterprise Change Policy & Standards
  • Track record of delivering programs to plan and on budget
  • Ability to assess an ill-defined problem and propose the tasks & deliverables that will be necessary to achieve the desired outcome
  • Ability to manage and communicate with stakeholders at different levels
  • Proficient with MS products: Word, Excel, PowerPoint, Project and Visio
  • Experience operating and leading in a matrix management org structure


Desired Qualifications:
  • Knowledge of Payment Products and Payment Processing
  • Proficiency in process design / process mapping
  • Working knowledge of Agile methods and tools
  • Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
  • Excels in working among diverse viewpoints to determine the best path forward
  • Commitment to challenging the status quo and promoting positive change
  • Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
  • Knowledge and proficiency of Copilot and other Bank AI tools

Skills:
  • Consulting
  • Problem Solving
  • Program Management
  • Project Management
  • Reporting
  • Collaboration
  • Leadership Development
  • Performance Management
  • Presentation Skills
  • Issue Management
  • Oral Communications
  • Process Design
  • Process Performance Management


Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$117,000.00 - $175,100.00 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.

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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