Full-Time

Deposit Product Pricing Manager

Posted on 11/20/2024

Bank of America

Bank of America

10,001+ employees

Provides banking and financial services globally

Fintech
Financial Services

Compensation Overview

$73.5k - $114.2kAnnually

+ Discretionary Incentive

Senior

Boston, MA, USA + 5 more

More locations: Newark, NJ, USA | Charlotte, NC, USA | New York, NY, USA | Phoenix, AZ, USA | Jacksonville, FL, USA

Category
Commercial Banking
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
SQL
Data Analysis
Requirements
  • Able to generate and edit complex SQL
  • Ability to design and execute data analysis and develop insights
  • Ability to navigate large datasets, assess data quality, and build automated reporting solutions
Responsibilities
  • Responsible for reviewing and pricing products and services.
  • Analyzes the profitability of the client and/or specific services, works up pricing recommendations, and implements and verifies pricing.
  • Must work closely with Product managers on pricing strategies and involve Product managers on deals when necessary.
  • Is responsible for communicating with sales officers and addressing pricing questions and/or issues from the Sales team.
  • Must also be aware of the deal size and arrange for senior management approval calls.
  • May act as an individual contributor or may lead a smaller team in developing and/or influencing pricing strategies and profitability.
  • Provides comprehensive solutions to complex problems or needs.
  • Responsible for organizing and executing deposit interest rate and fee changes from an operational and analytical perspective.
  • This role will use data to answer questions for business partners and leadership, develop requirements for future projects, analyze issues and determine the success of past initiatives.

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company serves around 56 million consumer and small business clients in the U.S. and is recognized as a leading wealth management firm. Additionally, Bank of America is a major player in corporate and investment banking, as well as trading. What sets Bank of America apart from its competitors is its extensive client base and comprehensive service offerings that cater to various financial needs. The company's goal is to help clients achieve their financial objectives through a diverse array of financial solutions.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Bank of America is exploring blockchain for faster, secure cross-border payments.
  • The bank collaborates with fintech firms to enhance digital offerings.
  • It invests significantly in cybersecurity to protect customer data and maintain trust.

What critics are saying

  • Increased competition in the credit facility market may impact market share.
  • Large corporations raising capital through share sales could affect traditional banking services.
  • The rise of fintech platforms could disrupt traditional syndicated loan processes.

What makes Bank of America unique

  • Bank of America is a global leader in corporate and investment banking.
  • The company is committed to a $1 trillion sustainable finance goal by 2030.
  • It invests heavily in AI-driven customer service tools for enhanced user experience.

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