US Dollar Clearing Product Manager

Role Overview

• 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 America’s 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.
• 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.
• 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.
• 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.
• Own product P&L, pricing frameworks, and commercial models for USD clearing and correspondent banking services.

Requirements

• 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.

Tech Stack

• Swift

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.