Product Manager - Merchant Services Technology

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