US Dollar Clearing Product Manager

Bank of America is a financial institution committed to helping make financial lives better. They are seeking a US Dollar Clearing Product Manager to develop product strategies for USD payment flows and correspondent banking, ensuring compliance with risk frameworks and enhancing product capabilities for global clients.

Responsibilities:

• 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
• 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
• Ensure all products operate within Bank of America’s 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