The global FX US Dollar clearing team is responsible for managing a complex, strategic core cash management product. Bank of America is the #3 global provider and this role will be integral to the management and growth of over a $40MM FX Wire business. This role will be integral to the day to day support of the product, drive innovation idea generation and delivery of new services and solutions as well as support key partners including operations, sales, compliance and technology.
This position will be part of the USD Wire FX team. This team focuses on the end-to-end management of
Funds Transfer FX, including P&L management, revenue growth, risk management, product strategy, product development, product marketing, and product profitability. This team coordinates with the regions to ensure a consistent product delivery.
This role will focus primarily on:
Support the overall the financial health of the CPR offering though regular P&L management in conjunction with Finance.
Perform analysis on US Dollar Clearing flows, identifying trends, revenue opportunities, product performance reporting.
Partner with Regional Product and Sales teams to identify new providers and perform due diligence in selection of Partner Banks.
Ensure that balance of trade with CPR Partners is consistently maintained in terms of reciprocity
Map out the governance process for CPR and ensure all CPR providers adhere to the services level standards
Generate scorecards by Provider and conduct periodic reviews sharing best practices, improving conversion ratios, opportunities to improve Investigations Handling and enhance client experience
Ensure that CPR Revenues are accurately booked and monthly reconciliation exercises are duly conducted and verified.
Assist the overall risk management of the product.
Liaise with Operations and Technology teams to constantly improve the CPR operational process and reduce repairs and automate returns.
Work with Investigations team to seek efficiencies in handling investigations and share best practices with Partners
5+ years product management experience
Strong analytical and financial skills
Strong planning and organizational skills
Proactive, self-starter and responsive
Ability to navigate complex processes and ideas
Excellent written and verbal communication skills
Treasury Management experience, specifically in Cross Border Payments
Experience developing product strategy and business cases
Ability to deliver on tactical initiatives
Proficient in Microsoft Office suite of products, with emphasis on Strong Excel and PowerPoint skills
Demonstrated financial acumen problem solving ability to arrive at well–founded conclusions
Effective independent, analytical, problem solving, plus oral communication and writing skills
Self-starter able to work in a very fast paced environment and deal with multiple deadlines
Demonstrated ability to work /communicate with all levels of management
1st shift (United States of America)
Hours Per Week: