Product Manager - Merchant Services Technology

Job description

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 maximizing the value for one or more products. Key responsibilities include working with stakeholders to understand their needs, and with product owners or specialists to ensure they are aligning on priorities. Job expectations include ensuring delivery of products that meet client expectations, including features, security, availability, resiliency, timelines and costs. Overview: This leadership role is responsible for driving product strategy, portfolio management, and delivery execution across key Merchant Services Technology capabilities. The position oversees a portfolio of products and strategic initiatives while leading a team of Product Owners and Project/Program Managers responsible for delivering business and technology outcomes. The successful candidate will serve as a strategic partner to business, operations, technology, risk, and compliance stakeholders, ensuring investments are aligned with client needs, regulatory requirements, and enterprise objectives. The role requires a balance of product leadership, portfolio governance, financial management, and people leadership to deliver innovative payment solutions and drive operational excellence. This position is expected to establish clear product visions and roadmaps, provide portfolio oversight, manage investment priorities, oversee program execution, and develop high-performing teams. The ideal candidate possesses strong Merchant Services and Payments domain knowledge, demonstrated experience leading technology transformation initiatives, and a proven ability to influence strategy and execution across complex organizations. Responsibilities: Generates the vision and roadmap for the program based on customer requirements, industry trends, regulations, and the strategic direction for the business or technology domain Communicates the program vision and roadmap to stakeholders, product owners and the teams Oversees the budget(s) for one or more products by working closely with finance partners on both personnel and non-personnel expenses Provides input into defining business capabilities and aligning them to products or creating new products to support them Ensures product availability by partnering closely with demand and capacity teammates Develops business cases for new products and additional features for existing products Partners with the product owners and the teams to ensure that optimum value is obtained through technology and subject-matter expertise and understanding of the business and industry trends Develop and execute product strategies and roadmaps aligned with Merchant Services business objectives and technology priorities Lead a portfolio of merchant services products and initiatives, balancing investment priorities, capacity, risk, and business value Manage and prioritize product backlogs, features, and epics to maximize customer and business outcomes Partner with business, technology, operations, risk, and compliance stakeholders to define product vision and deliver strategic capabilities Provide portfolio-level governance, reporting, financial oversight, and executive communications for assigned products and programs Oversee program planning, dependency management, risk mitigation, and execution across multiple workstreams and delivery teams Lead and develop a team of Product Owners, Product Analysts, and Project/Program Managers through coaching, mentoring, and performance management Drive workforce planning, talent development, succession planning, and organizational capability growth within the product management organization Establish and monitor key performance indicators, product health metrics, delivery outcomes, and value realization measures Promote continuous improvement, Agile best practices, innovation, and operational excellence across the portfolio Managerial Responsibilities: This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above. Opportunity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company Great Place to Work goals. Manager of Process & Data: Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement. Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions. Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues. People Manager & Coach: Provides inspection, coaching and feedback to motivate, differentiate and improve performance. Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions. Enterprise Talent Leader: Assesses talent and builds bench strength for roles across the organization. Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work. Required Qualifications: 10+ years of experience in Product Management, Program Management, Portfolio Management, Technology Delivery, or related disciplines 3+ years of direct people leadership experience managing Product Owners, Product Managers, Program Managers, Project Managers, or related technology professionals Experience leading product portfolios and strategic technology initiatives in a complex enterprise environment Demonstrated success managing multiple products, programs, and cross-functional delivery teams simultaneously Strong understanding of product management principles, portfolio management practices, Agile methodologies, and software delivery lifecycles Experience establishing governance structures, executive reporting, roadmaps, KPIs, and performance metrics Experience managing budgets, funding allocation, financial planning, forecasting, and business case development Strong stakeholder management skills with experience influencing senior executives and business leaders Ability to lead organizational change, drive strategic alignment, and resolve competing priorities across multiple stakeholders Exceptional communication, leadership, analytical thinking, and decision-making skills Desired Qualifications: Experience leading Product Owners, Product Managers, Project Managers, Program Managers, or related technology professionals Strong understanding of Product Management, Program Management, Portfolio Management, and Agile delivery practices Experience managing complex technology portfolios with multiple products, programs, and strategic initiatives Demonstrated success managing executive-level stakeholder relationships and prioritizing competing business objectives Experience with financial management, investment planning, forecasting, and business case development Knowledge of Merchant Services, Payments Processing, Acquiring, Treasury Services, Commercial Payments, or Financial Services Experience working within highly regulated environments with significant risk, compliance, and audit requirements Familiarity with SAFe, Lean Portfolio Management, Agile Product Management, and modern product operating models Strong organizational leadership, change management, and strategic planning capabilities PMP, SAFe Product Manager, SAFe Lean Portfolio Management (LPM), Agile, or related certifications preferred Skills: Financial Management Influence Solution Delivery Process Stakeholder Management Technical Strategy Development Agile Practices Analytical Thinking Collaboration Result Orientation Risk Management Business Acumen Business Case Analysis Data Management Solution Design Vendor Management Shift: 1st shift (United States of America) Hours Per Week: 40