Innovations Business & Strategy Analyst- Global Payment Solutions

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
 

Supports development of GPS Innovation strategic direction and execution of related initiatives, particularly with respect to Consumer/Corporate Banking and Wholesale payments.  Supports senior leaders across the payments space. Aids in 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. Supports development of 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:

• Supports development of GPS Innovation strategic direction and execution of related initiatives, particularly with respect to Consumer/Corporate Banking and Wholesale payments.  Supports senior leaders across the payments space to drive progress on cross-functional initiatives . Aids in sourcing and progression of concepts through the innovation funnel by articulating client pain points, potential solutions, applicable frameworks, business economics, etc. Partners with SMEs across the organization to flesh out concepts and next steps. Support development of requirements for validation, including criteria for proofs of concepts and success metrics. Use learnings to design a phased commercialization approach partnering with product to deliver on concept vision.
• Supports development of Innovation concepts for Global Payments Solutions
• Develops business requirements based on a true understanding of client needs
• Works closely with cross-functional partners to inform scope and solution design of new functionality for Consumer / Corporate, Customer-facing / Associate-facing solutions
• Develops subject-matter expertise and business acumen in order to design and implement these payments solutions
• Partners with LOB SMEs to evaluate and flesh out concepts
• Creates business cases to prioritize opportunities
• Conducts analysis, extract insights, and communicate finding simply and succinctly
• Develops and tracks metrics to understand viability of concepts
• Improves visibility and usability of learnings from assessments of Innovation concepts to support strategic decision making
• Maintains visibility into Payments industry trends and developments
• This will be an individual contributor role working across Consumer, Small Business, Wealth and Corporate Banking client segments.

Qualifications:

• 2 years of experience in Financial Services or Technology, with a preference for Payments related work experience
• Proficiency in Microsoft Office (comfort with Excel and PowerPoint are required)
• Excellent verbal and written communication skills
• Ability to navigate a large, matrixed organization
• Project management and risk governance
• Ability to problem solve and work innovatively within the constraints of a regulated organization
• Intellectual curiosity with an ownership mentality
• Collaborative approach to problem solving
• Financial modeling (i.e., corporate finance, corporate strategy, consulting)

Desired Qualifications:

• Payments Experience
• Proven track record of managing projects end-to-end and bringing new capabilities to market
• Graduation from formalized Strategy Analytics Program desired

Skills:

• Attention to Detail
• Collaboration
• Prioritization
• Reporting
• Business Process Analysis
• Continuous Improvement
• Data Visualization
• Data and Trend Analysis
• Issue Management
• Adaptability
• Business Analytics
• Business Case Review
• Strategy Planning and Development

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

 

For internal employees; participation in a work from home posture does not make you ineligible to post.

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$94,500.00 - $115,500.00 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.