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Sr Product Manager

Company: Bank of America
Location: Pennington
Posted on: September 24, 2022

Job Description:

Sr Product ManagerPennington, New JerseyJob Description: Business Overview Retirement & Personal Wealth Solutions (RPWS) serves the core financial needs of individual clients and plan participants by providing best in class, integrated products in the most intuitive, efficient and client friendly way while maintaining a forward thinking mindset and risk management focus. RPWS is responsible for both the institutional and personal retirement capability set to include 401(k), Equity and Health Benefit plans for companies of all sizes as well as college savings, personal retirement planning, retirement income, insurance and estate planning for individuals. RPWS also provides tools and content that enables advisors and bankers to help their clients live their best financial lives.Job Description As a member of the Institutional Retirement Product Management team, the Product Manager will provide support for DB/ITCS/NQDC products including theintegrated record-kept Nonqualified Deferred Compensation so NQDC Investment Only offerings, Defined Benefit and Institutional Trust and Custody solutions.Responsibilities will include understanding the needs of the products, providing solutions and enhancements, processing and oversight of NQDC sales, managingthird party relationships, and maintenance of product related resources for strategic, operational, regulatory and policy changes.Other responsibilities of the Product Manager will include: Providing support to the development of enhancements to the client facing websites (Benefits OnLine (BOL) platform) as it relates to integrated offering Supporting and maintaining monthly billing, validation and invoicing approvals relating to relationships with third party provider Collaborating and/or leading initiatives and issue resolutions with third party providers as needed Understanding and experience with vendor contracts and marketing agreements including renegotiations Supporting Financial Advisors/Retirement Plan Specialist/Internal Sales Desk, Client Relationship team and Trust Officers to resolve day to day inquiries Sales Support annual review of RFP Q&As and SME for individual RFPs, including assisting underwriting in plan and trust reviews and 409A compliance, inaddition to accessing plan design and third party platform compatibility Coordinating projects with various internal departments including Sales, Service, Technology, Marketing, Legal, Risk, Compliance and other control partners Understanding, awareness and knowledge of industry and regulatory trends with ability to access requirements and recommend enhancements as necessaryRequired Skills Bachelor degree strongly preferred or equivalent experienceMinimum of 7 years related experience and detailed knowledge of nonqualified deferred compensation plans, IRC Section 409Aand/or rabbi trusts, IRS Notice 2008-113Familiarity with the use of corporate owned life insurance for financing NQDCStrong project management, communication and critical thinking skillsMust work well in both a team environment and independentlyMust be detail oriented with the ability to effectively manage multiple projects simultaneouslyTravel as needed Advanced knowledge of MS Excel, Access and SharePoint is a plusJob Band: H4Shift: 1st shift (United States of America)Hours Per Week: 40Weekly Schedule: Referral Bonus Amount: 0Job Description: Business Overview Retirement & Personal Wealth Solutions (RPWS) serves the core financial needs of individual clients and plan participants by providing best in class, integrated products in the most intuitive, efficient and client friendly way while maintaining a forward thinking mindset and risk management focus. RPWS is responsible for both the institutional and personal retirement capability set to include 401(k), Equity and Health Benefit plans for companies of all sizes as well as college savings, personal retirement planning, retirement income, insurance and estate planning for individuals. RPWS also provides tools and content that enables advisors and bankers to help their clients live their best financial lives.Job Description As a member of the Institutional Retirement Product Management team, the Product Manager will provide support for DB/ITCS/NQDC products including theintegrated record-kept Nonqualified Deferred Compensation so NQDC Investment Only offerings, Defined Benefit and Institutional Trust and Custody solutions.Responsibilities will include understanding the needs of the products, providing solutions and enhancements, processing and oversight of NQDC sales, managingthird party relationships, and maintenance of product related resources for strategic, operational, regulatory and policy changes.Other responsibilities of the Product Manager will include: Providing support to the development of enhancements to the client facing websites (Benefits OnLine (BOL) platform) as it relates to integrated offering Supporting and maintaining monthly billing, validation and invoicing approvals relating to relationships with third party provider Collaborating and/or leading initiatives and issue resolutions with third party providers as needed Understanding and experience with vendor contracts and marketing agreements including renegotiations Supporting Financial Advisors/Retirement Plan Specialist/Internal Sales Desk, Client Relationship team and Trust Officers to resolve day to day inquiries Sales Support annual review of RFP Q&As and SME for individual RFPs, including assisting underwriting in plan and trust reviews and 409A compliance, inaddition to accessing plan design and third party platform compatibility Coordinating projects with various internal departments including Sales, Service, Technology, Marketing, Legal, Risk, Compliance and other control partners Understanding, awareness and knowledge of industry and regulatory trends with ability to access requirements and recommend enhancements as necessaryRequired Skills Bachelor degree strongly preferred or equivalent experienceMinimum of 7 years related experience and detailed knowledge of nonqualified deferred compensation plans, IRC Section 409Aand/or rabbi trusts, IRS Notice 2008-113Familiarity with the use of corporate owned life insurance for financing NQDCStrong project management, communication and critical thinking skillsMust work well in both a team environment and independentlyMust be detail oriented with the ability to effectively manage multiple projects simultaneouslyTravel as needed Advanced knowledge of MS Excel, Access and SharePoint is a plusShift: 1st shift (United States of America)Hours Per Week: 40Learn more about this roleFull timeJR-22040885Band: H4Manages People: NoTravel: Yes, 5% of the timeManager:Talent Acquisition Contact:Paige WhittecarReferral Bonus:0Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .

Keywords: Bank of America, Trenton , Sr Product Manager, Executive , Pennington, New Jersey

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