Senior Group Operations Manager

Pennington, New Jersey

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**To proceed with your application, you must be at least 18 years of age.**

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**Bank of America employees are required to meet all** **posting eligibility requirements** **prior to applying for any new position.**

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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 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 leading multiple major operations segment for a site, region, or product line within the bank's internal operations. Key responsibilities include identifying, analyzing, and resolving complex problems, ensuring compliance with policies, and identifying and implementing opportunities to improve process performance and operating efficiency. Job expectations include coordinating activities and processes across operations segments.

**LOB Descritption** :

The Institutional Retirement Payroll, Benefits, and Disbursements (IRBPD) Team within Wealth Management Operations (WMO) is responsible for payroll and benefits processing, money movement, participant-level maintenance and tax reporting support for 401(k) Defined Contribution, Non-Qualified Deferred Compensation (NQDC), Institutional Trust and Custody, Defined Benefit, and Health Benefits Solutions (HBS) products.

The Cashiering team within IRBPD facilitates the processing of deposits and disbursements to the Plan Sponsor and/or the participant account. Deposits are used for funding client payrolls, open billing receivables, and individual direct rollovers. Disbursement requests are received from the Plan Sponsor, Client Service Manager or plan participant.

This role will report directly to the IRBPD Executive and manage a team of 17+ FTE. This job is responsible for overseeing a unit or section of a segment for a site, region, or product line within the bank's internal operations. Key responsibilities include identifying, analyzing, and resolving complex problems, ensuring compliance with policies, and identifying opportunities to improve process performance and operating efficiency. Job expectations include knowledge of money movement operations and acting as the designated Process Owner.

**Responsibilities:**

+ Act as the senior escalation point for high-priority incidents, coordinating triage, stakeholder communications, recovery, and post-incident review.

+ Supports functions carrying a substantial risk of exposure and potential loss with significant impact on major corporate customer relationships

+ Directs the maintenance and continuous enhancement of departmental procedures, ensuring adherence to enterprise standards, operational requirements, and regulatory expectations

+ Leads strategic communications, change management, and adoption efforts that advance workforce initiatives, organizational transformation, and business performance

+ Builds and develops a high-performing, inclusive team through coaching, succession planning, talent development, and performance management practices that strengthen organizational capability and leadership readiness

+ Process ownership and works closely with Workplace Benefits, Reconciliation, Billing, Escheatment, and the Retirement Benefits Contact Center to drive end-to-end process improvements, resolve cross-functional issues, and maintain open, timely, and effective lines of communication

+ Leads monthly business reviews to assess performance, emerging trends, service delivery, operational risks, and progress against key objectives and improvement commitments

+ Participates in risk meetings and governance routines to identify, evaluate, escalate, and remediate operational risks, control gaps, and issues in accordance with enterprise standards

+ Provides leadership and coordination for internal and external audits, including evidence preparation, stakeholder engagement, issue response, and timely completion of remediation activities

+ Oversees key performance and risk metrics, staffing capacity, volumes, productivity, and service levels; analyzes trends and implements action plans to sustain operational performance and meet business demand

**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:**

+ Significant experience supporting a process end-to-end, including but not limited to understanding the client experience, the products, the process flow, the systems, the control points, the risks, and the metric targets

+ Experience with leading/driving Operational Excellence-type initiatives with focus on volume reduction and productivity enhancement

+ Demonstrates a proactive approach to bringing forward new ideas and perspectives to drive innovation and deliver differentiated solutions.

+ Displays a willingness to challenge the status quo, champion new approaches, and promote positive organizational change.

+ Demonstrated ability to drive change within teams by influencing stakeholders, fostering a culture of continuous improvement, and leading initiatives that enhance processes, efficiency, and overall performance.

+ Strong executive presence and written communication skills; able to influence/challenge and negotiate to keep all parties engaged in the process

+ Intermediate Microsoft 365 ability, including Excel (pivot tables, lookup functions, data analysis), PowerPoint (executive-level presentations), Teams facilitation, and Copilot adoption

**Desired Qualifications:**

+ Certified Process Owner or Process Owner Delegate

+ 4+ years of direct people leadership experience, including coaching, employee development, prioritization, performance management, and fostering an inclusive, high-performing team environment

+ Familiarity with 401(k) product and Cashiering/MLII/iGate applications

+ Knowledge of Wealth Management Operations and Workplace Benefits functions, targeted client experiences, products, and business partner organizations

**Skills:**

+ Customer Service Management

+ Regulatory Compliance

+ Risk Management

+ Stakeholder Management

+ Talent Development

+ Business Operations Management

+ Change Management

+ Customer and Client Focus

+ Decision Making

+ Relationship Building

+ Business Process Analysis

+ Career Path Design

+ Organizational Effectiveness

+ Strategic Thinking

+ Strategy Planning and Development

_Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy_

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

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-Notic...) .

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.

Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:

**Are Not FDIC Insured** **Are Not Bank Guaranteed** **May Lose Value**

**Are Not Deposits** **Are Not Insured by Any Federal Government Agency** **Are not a condition to Any Banking Service or Activity**

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, **Member SIPC** and a wholly owned subsidiary of BofA Corp. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation.

Trust, fiduciary and investment management services are provided by Bank of America, N.A., Member FDIC and wholly owned subsidiary of Bank of America Corporation (“BofA Corp.”).

Bank of America Private Bank is a division of Bank of America, N.A.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.