Bank of America VP, Product Consultant in Charlotte, North Carolina

Job Description:

Gather market information & perform more complex product analyses on assigned products, manage product profitability & monitor financial performance, make recommendations for product enhancements & prepare necessary justification to support product changes. Competencies required include market analysis/research focus, in-depth knowledge of products, a Bachelors degree, & 2-5 years related experience.

Job Description Summary

Ensures that product management effort is integrated with sales, marketing, operations, implementation & customer service. Conduct market research & competitor analyses, determining product pricing, developing short & long-term strategies/outlooks. Competencies required include strong organizational skills with focus on tactical implementation, good project management skills, and 4-6 years related experience. May have management responsibility.

Role Responsibilities

Ensures that product management effort is integrated with sales, marketing, operations, implementation & customer service. Conduct market research & competitor analyses, determining product pricing, developing short & long-term strategies/outlooks. Competencies required include strong organizational skills with focus on tactical implementation, good project management skills, and 4-6 years related experience. May have management responsibility.

Responsibilities Include:

  • Developing and managing credit products for Commercial Credit.

  • Ensuring that product management effort is integrated with sales, marketing, operations, implementation and servicing.

  • Conducting market research and competitive analyses, working with Pricing Manager to determine product pricing, developing short- and long-term strategies/outlooks for assigned product(s), and designing and tailoring products to meet client needs.

Requirements

  • 5 to 7 years of related experience

  • Demonstrated strategic planning/product management skills

  • Strong analytical skills with breadth of view

  • Knowledge of commercial credit products, including work across the value chain (from sales to underwriting, fulfillment, and servicing

  • Strong negotiation skills

  • Strong Communication skills – ability to communicate vertically and horizontally across the organization

Desired

  • Knowledge of Basel rules for wholesale loans, underlying credit processes to deliver these products (structuring, underwriting, pricing and profitability, fulfillment, servicing, monitoring), and risk/reward balance.

  • Knowledge of loan accounting systems such as Loan IQ or AFS, or data aggregators like Everest.

Posting Date : 03/20/2017

Location : US-NC-Charlotte

Travel : Yes, 10% of the time

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

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