Process Design Consultant I

Posted 10 Days Ago
Be an Early Applicant
5 Locations
In-Office
Senior level
Big Data • Fintech • Mobile • Payments • Financial Services • Data Privacy
The Role
Analyzes, designs, and improves business processes and operational models for banking operations. Leads process-improvement initiatives, facilitates workshops, develops business cases, process maps, risk assessments, control plans, and change-management deliverables. Partners with business leaders, product managers, architects, and technology teams to design solutions, improve efficiency and controls, and deliver projects within budget and timelines.
Summary Generated by Built In

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!


Job Description:
This job is responsible for analyzing processes, documenting business case opportunities, and implementing process improvement/transformation initiatives in support of Operational Excellence objectives. Key responsibilities include supporting the execution of change initiatives which may result in cost efficiencies, quality, productivity, and risk mitigation. Job expectations include working with business leaders and subject matter experts, ensuring collaboration and transparency across integrated business and technology teams, and driving execution of solutions within the budget and timeline.


Responsible for medium - large projects for an operations department, product or business unit. Provides consulting expertise to line managers on productivity issues, analyzes market and operational impact in the business brought about by the project parameters. Researches and documents organizational reviews, workflow analysis, management and staff analysis. Develops project plans including estimates of cost and resources required. Defines project scope to others outside of operations that may become involved in or impacted by the project. Requires a thorough knowledge of the operations area and Agile SDLC principles. Responsibilities include:
• Create clear, coherent and rigorous approach to lead working team from problem identification to solution design by applying value-based and human centered methods such as Design Thinking, Business Process Design and Six Sigma
• Provide solutions to complex business and business operation problems where the situation analysis requires an in-depth understanding of key operational levers
• Interacts with senior leaders, Product Managers and Business Architects to architect and influence operational design
• Communicates and negotiates vertically and horizontally to align design objectives
• Assists/facilitates and develops workshop and co-creation sessions with PM/PO and extended teams
• Use process engineering, design thinking, agile approaches to enable Product Managers/Owners to produce recommended solutions & target state depictions
• Structure innovative and creative approaches to brainstorm ideas and design solutions
• Excellent project management skills, including ability to prioritize work and meet deadlines
• Applies strong business judgment and ability to deal with unstructured problems and drive optimal business outcomes


Responsibilities:

  • Implements low to moderately complex solutions to address issues and risks, optimize efficiency, reduce variability, and improve controls, quality, and sustainability
  • Works directly with Line of Business partners to gather information needed to identify and implement solutions that resolve critical business challenges and opportunities
  • Establishes a model for continuous process improvement by applying process engineering best practices and delivering reusable technology solutions
  • Leverages analytics and critical thinking to solve complex business problems and translate issues into structured design oriented solutions with clearly defined business case benefits
  • Supports the development of enterprise change management deliverables for material projects including project charters, Suppliers, Inputs, Outputs, and Customers (SIPOC), Responsible, Accountable, Consulted, and Informed (RACI) process maps, risk assessments, control plans, and related artifacts

Required Skills:

• 5+ plus years in one or more of the following areas: Industrial Engineering, business process design, operations modeling, business / operational / organizational / technology strategy formulation, product development, business analysis
• Excellent written & verbal communications
• Able to obtain working knowledge of key technologies deemed part of target state solutions
• Proven experience in the domain of consulting/advisory is an advantage
• Proven experience applying IE fundamentals in Financial Services is an advantage
• Experience in analysis of information and data
• Logical and systematic approach to solving unstructured problems
• Proven facilitation and meeting management skills
Desired Skills:

• Experience with complex project/program management
• Knowledge of AML/KYC business processes very beneficial
• BPM, automated Workflow and Content Management experience is a plus
• Experience with business or technology strategy development
• Strong experience with business and technology operational process definition and optimization
• Design Thinking and Agile methodology, Lean familiarity
• Proven ability to clearly articulate complex issues and findings to key stakeholders
• Practical IE background in traditional manufacturing and financial services is desirable


Skills:

  • Active Listening
  • Data Collection and Entry
  • Process Mapping
  • Project Management
  • Reporting
  • Continuous Improvement
  • Critical Thinking
  • Data Visualization
  • Process Design
  • Strategic Thinking
  • Administrative Services
  • Business Process Analysis
  • Process Effectiveness
  • Process Performance Measurement
  • Process Simplification

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Skills Required

  • 5+ years of experience in industrial engineering, business process design, operations modeling, business or operational strategy, organizational or technology strategy, product development, or business analysis
  • Excellent written and verbal communication skills
  • Ability to develop working knowledge of technologies used in target-state solutions
  • Experience analyzing information and data
  • Logical and systematic approach to solving unstructured problems
  • Facilitation and meeting management skills
  • Consulting or advisory experience
  • Industrial engineering fundamentals experience in financial services
  • Complex project or program management experience
  • AML/KYC business process knowledge
  • Business process management, automated workflow, or content management experience
  • Business or technology strategy development experience
  • Business and technology operational process definition and optimization experience
  • Design Thinking, Agile methodology, and Lean familiarity
  • Industrial engineering experience in traditional manufacturing and financial services

Bank of America Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Bank of America and has not been reviewed or approved by Bank of America.

  • Retirement Support — Retirement contributions include a 401(k) match up to 5% of eligible pay plus an additional 2–3% company contribution based on tenure, strengthening long-term savings. This stands out as a core component of the total rewards package.
  • Parental & Family Support — Parental leave can extend up to 26 weeks with 16 fully paid weeks for eligible employees, alongside backup care and broad family-planning support. Programs such as adoption, fertility, and surrogacy assistance include up to $20,000 in lifetime reimbursement for eligible expenses.
  • Healthcare Strength — Comprehensive medical, dental, vision, telehealth, mental-health resources, wellness programs, and a 24/7 employee assistance program are available. The breadth of coverage and access to counseling and wellness tools are highlighted as notable strengths.

Bank of America Insights

Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: Charlotte, NC
208,000 Employees
Year Founded: 1784

What We Do

We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth. Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

Gallery

Gallery

Similar Jobs

Bank of America Logo Bank of America

Consultant

Big Data • Fintech • Mobile • Payments • Financial Services • Data Privacy
In-Office
6 Locations
208000 Employees

Travefy Logo Travefy

Director of Client Experience

Events • Mobile • Payments • Travel
Remote or Hybrid
3 Locations
28 Employees
100K-125K Annually
Hybrid
4 Locations
500 Employees
175K-225K Annually

Pfizer Logo Pfizer

Aircraft Maintenance Technician

Artificial Intelligence • Healthtech • Machine Learning • Natural Language Processing • Biotech • Pharmaceutical
In-Office
West Trenton, NJ, USA
121990 Employees
116K-193K Annually

Similar Companies Hiring

Hanover Park Thumbnail
Artificial Intelligence • Fintech • Software • Financial Services
New York, New York
42 Employees
Kepler  Thumbnail
Artificial Intelligence • Fintech • Software
New York, New York
9 Employees
Onshore Thumbnail
Artificial Intelligence • Fintech • Software • Financial Services
New York, New York
85 Employees

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account