US Dollar Clearing Product Manager

Bank of America seeks a US Dollar Clearing Product Manager in Charlotte, VT. The role involves developing product strategies for USD clearing and correspondent banking, managing multi-year roadmaps, and ensuring operational scalability. Responsibilities include acting as a subject matter expert, enhancing cross-border payment capabilities, and overseeing product P&L. The position requires in-office attendance, reflecting the company's commitment to an office-based culture.
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:

Product Strategy & Ownership

Help develop the USD Clearing and Correspondent Banking product strategy including domestic and cross border USD payment flows nostro/vostro services and liquidity management for global respondent banks.

Define and manage multi year product roadmaps aligned to Bank of Americas Responsible Growth framework balancing client value risk discipline and revenue growth.

Support product modernization initiatives including ISO 20022 CHIPS and Fedwire enhancements internal platform modernization and enhancements and SWIFT CBPR interoperability.

USD Clearing & Technical Expertise

Act as a subject matter expert on USD clearing infrastructures including CHIPS and Fedwire Funds Service settlement models CLS liquidity optimization cut off management and exception handling.

Expansive knowledge of rule-based processing and exception handling

Partner with technology teams to translate clearing and correspondent banking requirements into scalable resilient platforms

Ensure high availability straight through processing and operational scalability for high value time critical USD payments.

Correspondent Banking & Cross Border Payments

Lead product capabilities supporting global correspondent banking clients including foreign financial institutions relying on Bank of America for USD access clearing and settlement.

Drive enhancements in cross border payment transparency speed and data richness leveraging SWIFT gpi payment tracking and enriched remittance information.

Collaborate with regional partners across EMEA APAC and LATAM to ensure products meet local market regulatory and liquidity requirements.

Commercial & Business Acumen

Own product P&L pricing frameworks and commercial models for USD clearing and correspondent banking services.

Partner with Sales Coverage and Relationship Management teams to support client acquisition retention and wallet growth across Financial Institutions Corporate and Public Sector segments.

Analyze market trends competitive dynamics and client needs to inform product investment and prioritization decisions.

Risk Controls & Governance

Ensure all products operate within Bank of Americas Global Financial Crimes AML sanctions and operational risk frameworks particularly given the elevated risk profile of correspondent banking.

Work closely with Compliance Legal and Operations to manage regulatory change audits and supervisory expectations related to USD clearing and cross border payments.

Represent product in internal governance forums and external industry groups where appropriate.



Required Skills:

5 years of experience in transaction banking payments or financial market infrastructure with deep USD clearing and correspondent banking expertise.

Proven leadership in product management at a global bank clearing institution or financial market utility.

Strong technical understanding of CHIPS Fedwire SWIFT ISO 20022 nostro/vostro accounting and cross border settlement mechanics.

Demonstrated ability to balance technical depth with commercial judgment influencing senior stakeholders across product technology operations and risk.

Experience operating in a highly regulated global environment with complex client and jurisdictional requirements.



Desired Skills:

Strategic logical and clear thinker.

Highly motivated and tenacious; perseverant and resilient in pursuing objectives despite challenges.

Patient as internal negotiation/prioritization is required.

Organized/detail oriented.

Solid command of Microsoft office software: PowerPoint/Excel/Word





Shift:

1st shift (United States of America)



Hours Per Week:

40



Pay Transparency details





US - NY - New York - 114 W 47th St - 114 W 47th St - Ust (NY8114)



Pay and benefits information



Pay range



$126500.00 - $246000.00 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.
Required Experience:

IC


Employment Type : Full-Time
Experience: years
Vacancy: 1
Yearly Salary Salary: 126500 - 246000