Domestic Product Manager, Southern Europe,, Global Payments Solutions

at  Bank of America

JOB DESCRIPTION:

Job Title: Domestic Product Manager, Southern Europe
Corporate Title: Director
Location: Madrid/Paris/London/Dublin

THE TEAM:

The Global Payments Solutions business is a leading provider of treasury and cash management solutions, with 100,000 +clients globally, spanning across all segments and industries, from middle-market businesses to the world’s largest corporate and financial institutions. We are dedicated to turning technology advances into treasury solutions for our clients globally - across all segments and industries. We are looking for highly motivated, self-starters who can advocate for our clients in providing liquidity management, payments and receipts, trade and supply chain finance, FX and commercial card services, by complementing high tech with a personalized touch. Challenge the status quo and influence peers with diverse points of view. Forward thinkers with ability to see what’s next in treasury management.

SKILLS THAT WILL HELP:

• Product Design and Development
• Project Management
• Innovative Thinking
• Process Management

ROLE DESCRIPTION:

The Product Management team is at the heart of our business, with responsibility for P&L, risk management and product development. The EMEA team is based in London, with additional and growing presence in key markets in the region. A role has arisen to support paper collections within the Payments and Receipts team. This opportunity offers autonomy for a product manager to set direction for this key part of the Payments product set, and to interact with a wide range of stakeholders at different levels, including sales, technology, operations, and risk and control functions. The working environment is dynamic, collaborative and innovative and offers exciting scope for career progression.

RESPONSIBILITIES:

• Ensure frequent local engagement with central banks, regulatory bodies and payments institutions in the 7 EMEA markets. Work to get ahead of new mandate changes and emerging risks in those markets.
• Maintain appropriate awareness/assessments of our capabilities via local clearing systems e.g. UKFP, CHAPS and Bacs in the UK as well as EBA STEP2 and TARGET 2 across the other local markets. Work with our Real Time Payments team to consider the evolution of NPA in the UK.
• Support the engagement with any Integrated Partner Bank relationships in those markets.
• Work with local branch managers, COO and local compliance partners in Spain, Greece, France, Italy, UK and Ireland to ensure Product support for domestic client needs.
• Remain up-to-speed with the latest local payment evolution across these markets.
• Participate in local industry bodies to ensure we are involved in consultations on changes in the local payments landscape : e.g. BPFI in Ireland, UK Finance in UK.
• Support development of local capability build out in partnership with regional product managers as well as ongoing maintenance e.g. Domestic LCR needs in France. AUDDIS needs in UK.
• Act as a local resource for other Global Payments Solutions activities in those 7 markets e.g. Commercial Card, Merchant Acquiring, Trade Finance, Transactional FX.
• Respond to client/sales queries specific to the countries covered e.g. RFP responses/production issues
• Opportunity to work on Ad hoc projects in support of overall EMEA Product Management Org.
• Manage all aspects of underlying technology infrastructure and external partners and utilities associated with local capabilities.
• Regular reporting on volumes, issue management, project progress.
• On point for internal audit and risk reviews, scheme rule or regulatory change (impact assessment and implementation)
• Close engagement with operations to promote streamlined processes.
• Close collaboration with other product managers in the subject matter area, including in other regions to share knowledge and best practice.
• Involvement in coaching and development of graduates and other junior colleagues.