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Head of Annuity Product Management

Bank of America - New York City, NY

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Job Description

Head of Annuity Product Management Jacksonville, Florida;New York, New York; Pennington, New Jersey To proceed with your application, you must be at least 18 years of age. Acknowledge Refer a friend To proceed with your application, you must be at least 18 years of age. Acknowledge ( 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 teammatesu2019 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: Annuitiesprovide an opportunity to create sustainable retirement income and protect against downside risk. The Head of Annuity Product is responsible for driving responsible growth, optimizing the client experience, innovating with an operational excellence mindset, and delivering exceptional risk management. The ideal candidate brings proven business leadership experience with a track record of managing complexity, leading stakeholders, and delivering results. This candidate must have a strong understanding of our enterprise values, ability to influence across lines of business, and connect within the industry. Responsibilities: u2022 Strategic development of the platform including curating and governing the product offering u2022 Financial performance including delivering against revenue targets, and managing line of business expenses (i.e. vendor and subscription costs) u2022 Identifying, building business cases, securing, and executing technology projects to optimize client/advisor experience u2022 Delivering exception client/advisor experience through the purchase process and lifecycle of annuity contracts u2022 Engagement with 3rd party insurance companies and the annuity industry u2022 Integration of annuity solutions within wealth management planning framework, and alignment with distribution partners (internal and external) u2022 Marketing and brand development u2022 Implementation of regulatory changes, and ongoing risk management of platform Desired Qualifications : u2022 12+ years wealth management and/or annuity experience (required) u2022 Ability to think strategically about the current and future state of the annuity industry to maintain competitiveness u2022 Ability to influence and communicate across lines of business, field leaders, and control units u2022 Expertise with value proposition, operational systems, supervision, order entry workflow, 3rd party partner relationships, and regulatory landscape. u2022 Bias for action to create momentum and drive speed of execution. u2022 Ability to manage financial results, operational losses, client complaints, and expenses u2022 Agility in learning to leverage emerging technology to simplify experience and lead industry u2022 Ability to lead people, recruit, and develop talent u2022 Exceptional communication skills u2013 structuring presentations, written, and verbal Required qualifications: + Life/Health/Variable Annuity or ability to obtain within 120 days Skills: + Influence + Innovative Thinking + Oral Communications + Product Management + Strategy Planning and Development + Business Development + Executive Presence + Relationship Building + Strategic Thinking + Business Analytics + Client Experience Branding + Collaboration + Continuous Improvement + Presentation Skills 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. To view the

Created: 2025-09-09

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