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Product Owner - Wire Payment Platforms

Jersey City, New Jersey;Charlotte, North Carolina

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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:

Responsible for maximizing the value for a product. Defines the vision and roadmap for the product, defining and prioritizing stories in the product backlog, and articulating this to both stakeholders and the development team. Works closely with stakeholders to understand their needs, and with the Product Manager in a scaled Agile model to ensure there is alignment. Possess a working knowledge of the product, and basic understanding of the business or technology domain. With some guidance, creates the vision and roadmap for the product to align with strategic direction for the business or technology domain. Communicates the product vision and roadmap to stakeholders and the team. Collaborates with stakeholders to understand their needs and problems. Creates and prioritizes work for one team. Learning to collaborate with cross-functional teams. With some guidance, creates and prioritizes stories in the product backlog. Refines stories with the team to ensure there are enough ready stories to load the next 1-2 sprints. Reviews and accepts stories and is empowered to make on-the-spot decisions on scope and requirements. Works in partnership with the team to ensure that optimum value is obtained through technology and through an advanced understanding of the business. Individual contributor.

Position Summary:

We are seeking an experienced and technically proficient Product Owner to join our team in building a next-generation **wire payment processing platform** , with a strong understanding of **payment methods such as Wires, ACH, and RTP** . The ideal candidate will bring domain expertise in payment systems and settlement processes to ensure the platform meets industry standards and client expectation

What you will do:

+ Leverage deep knowledge of payment rails (Wire Transfers, ACH, RTP) to define product capabilities and ensure compliance with regulatory and operational requirements.

+ Ensure support for ISO 20022 messaging standards across all payment types.

+ Validate that the platform supports risk management, fraud detection, and reconciliation processes for all payment types.

+ Define and prioritize backlog items related to payment processing, clearing, and settlement for Wires, ACH, and RTP.

+ Capture expected end-to-end behavior as stories, with use cases where appropriate.

+ Support backlog refinement, sprint planning, user story review, test plan review, defect triage, and change request generation.

+ Generate low-level design stories with supporting use cases, field-level mapping, and business rules/logic.

+ Work with Product Team lead on US Wires Modernization platform build, driving communications across the spectrum, including senior stakeholder engagements.

+ Collaborate with business partners and design teams to refine requirements and priorities in line with system capabilities, cost, and timelines.

+ Identify and raise risks or additional changes to stakeholders and work with architecture/design teams to address them.

+ Manage user queries during feature implementation and ensure timely resolution.

+ Partner with architecture teams to design integration patterns for multiple payment networks and ensure scalability for real-time transactions.

+ Work with architecture/design to identify technology capabilities needed to meet requirements.

+ Recommend and implement data migration and integration strategies.

+ Participate in system design, SIT, and UAT to ensure solutions meet requirements.

+ Ensure knowledge sharing and training on new product features.

+ Support PI planning and release train activities.

Required Qualifications:

+ Ten plus years leveraging domain and technical expertise to set direction and drive project execution. Foresee and proactively address risks, issues, and dependencies.

+ Strong understanding of domestic and international payment systems, including Wires, ACH, and RTP.

+ Work with business, operations, internal technology teams, and with vendor partners to ensure successful project delivery.

+ Act as the primary liaison between the vendor and internal technology teams.

+ Manage stakeholder expectations with respect to scope, deliverables, and timelines.

+ Coordinate and facilitate routines to support delivery – e.g. kick-offs, status reviews, stakeholder meetings, change controls, tollgates, etc.

+ Ensure execution and delivery meets stakeholder expectations in terms of the functionality, quality, timeline, and cost.

+ Ensure Enterprise Change Management and other policy requirements for technology solutions are met for the epics/features delivered.

+ Measure delivery, maturity, and performance and review the metrics to identify improvement opportunities. Partner with multiple, cross-functional stakeholders across GPS, GT&O and other teams to drive development of execution plans to enable realization of GPE strategies. Execution plans outline multi-year strategic outcomes (based on target state) and the activities required to support achievement of those outcomes.

+ Summarize, create presentations, and present initiative-specific, compelling, executive-ready presentations conveying the strategy, business case, and recommendations to Senior and Executive Leadership across product, operations, technology, and compliance.

+ 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.

Desired Qualifications:

+ Experience with Financial core banking platforms and their integration patterns.

+ Knowledge of ISO 20022 messaging standards.

+ Exposure to event-driven architecture and distributed systems.

+ Understanding of regulatory and compliance requirements in financial services.

+ Experience with observability tools like Splunk, Prometheus, and Grafana.

+ Knowledge of financial products data such as Equities, Fixed Income, and Derivatives.

+ Agile/Scrum certification or experience working in agile environments

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank 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, 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.

View your **"Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) "** poster.

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.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.

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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.