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Bank of America Business Jobs Information

What are the key skills and qualifications needed to thrive as a Senior Project Manager, and why are they important?

To thrive as a Senior Project Manager, you generally need strong leadership, advanced project management skills, and a relevant degree—often supplemented by a PMP or similar certification. Familiarity with project management tools like MS Project, Jira, or Asana, as well as budgeting and risk management systems, is crucial. Outstanding communication, problem-solving, and stakeholder management skills help you lead diverse teams and drive project success. These skills ensure projects are delivered on time, within scope, and to stakeholder satisfaction in complex business environments.

What are some common challenges Senior Project Managers face when leading cross-functional teams, and how can they address them?

Senior Project Managers frequently encounter challenges such as aligning diverse team priorities, managing communication across departments, and ensuring stakeholder expectations are met. To address these, it's essential to establish clear project goals, foster open lines of communication, and regularly engage stakeholders for feedback. Utilizing collaborative project management tools and holding structured check-in meetings can also help ensure that all team members remain informed and aligned throughout the project lifecycle.

What are Senior Project Managers?

Senior Project Managers are experienced professionals responsible for overseeing complex projects within an organization. They lead project teams, manage budgets and timelines, mitigate risks, and ensure that project goals align with business objectives. Senior Project Managers often handle multiple projects simultaneously and serve as the main point of contact between stakeholders and team members. Their role requires strong leadership, communication, and problem-solving skills.

What is the difference between Senior Project Manager vs Project Coordinator?

AspectSenior Project ManagerProject Coordinator
CredentialsPM certifications (PMP, PgMP), bachelor's or master's in related fieldsTypically less formal certifications, associate or bachelor's degree
Work EnvironmentLeads projects, manages teams, strategic planningSupports project teams, handles scheduling and documentation
Employer & Industry UsageUsed in industries like construction, IT, engineeringCommon in same industries, supporting project execution

The Senior Project Manager oversees entire projects, manages teams, and handles strategic planning, requiring advanced certifications. The Project Coordinator supports project activities, focusing on scheduling and documentation, often with less experience and certification. Both roles are essential in project management but differ in responsibility and seniority.

What is it like to work at Bank Of America?

Bank of America is a large financial institution with a culture that emphasizes community involvement, diversity, and employee development. The company has a global presence with various teams and departments, including retail banking, investment banking, and wealth management, offering a range of career paths and opportunities for advancement. Working at Bank of America may appeal to candidates who value a dynamic work environment, opportunities for professional growth, and the chance to contribute to the company's mission of helping people achieve financial stability.

Sr. Relationship Manager - Global Commercial Banking - Healthcare, Education, Not-for-Profit Grou...

Bank of America

Chicago, IL

Full-time

PTO

Posted 12 days ago


Job description

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 Summary:

Join Bank of America's Healthcare, Education & Not-for-Profit (HENFP) business-part of the Global Commercial Bank-and play a leading role in expanding our presence across the Upper Midwest. The Senior Relationship Manager is a high-impact, client-facing role responsible for driving new business, deepening existing relationships, and delivering profitable growth across a portfolio of complex, mission-driven organizations. HENFP is purpose-built for this market: our teams bring specialized coverage and solutions to not-for-profit healthcare (hospitals, health systems, and insurance providers), private higher education, and large nonprofits/NGOs. You'll partner with a deep bench of product specialists to help clients optimize their financial strategies-from capital and credit solutions to treasury, payments, and broader corporate banking capabilities-while advising senior leaders on topics like industry trends, liquidity, and capital structure. The clients you'll cover are sophisticated institutions with annual revenues starting at $50MM and no upper limit, including some of the largest organizations in the country

Job Description:
The Relationship Manager is responsible for providing advice and valuable financial solutions to complex Global Commercial Banking clients and prospects. Key responsibilities include serving as the primary point of contact or trusted advisor and acquiring, deepening, and maintaining profitable relationships, collaborating with teammates, and facilitating client relationships with Product Specialists. Job expectations include having knowledge of the bank's products and services in order to identify cross-selling opportunities and increase overall client satisfaction.

Responsibilities:

Manages an extensive portfolio of HENFP clients and prospects with annual revenues of $50 million and above to help companies save, borrow, and invest for their current and future needs
Acquires, deepens, and maintains profitable client relationships through sales, prospecting, and enhancing existing relationships
Understands and interprets financial and cash flow statements to assess and analyze financial conditions of companies and industry trends
Collaborates with domestic and international teammates throughout the bank, including Investment Banking, Foreign Exchange, and Wealth Management and facilitates client relationships with Product Specialists in Credit, Treasury Management, and Merchant Services in order to design and deliver financial solutions to clients and prospects
Leads and facilitates dialogue with a variety of complex clients and prospects regarding topics such as the client and prospect industry, alternative capital structures, and general business issues
Coaches and mentors peers, while utilizing leadership skills
Adapts to changes in sales practices and broader market and industry conditions as needed

Skills:

  • Client Management
  • Client Solutions Advisory
  • Prospecting
  • Relationship Building
  • Risk Management
  • Financial Analysis
  • Leadership Development
  • Project Management
  • Referral Identification
  • Sales Performance Management
  • Business Development
  • Client Experience Branding
  • Continuous Improvement
  • Data and Trend Analysis
  • Pipeline Management

Required Qualifications:
10+ years' experience in broad based commercial lending/corporate finance/relationship management experience
Demonstrates management capability of an extensive portfolio of Healthcare, Education and NFP clients with revenues greater than $50 million.
Proven track record of prospecting new business, enhancing existing relationships and closing profitable transactions.
Professional proven sales skills and experience, including planning, execution and follow up of client meetings.
Strong corporate finance, capital markets and accounting acumen.
Financial modeling experience and the completion of a formal credit training preferred.
Outstanding oral and written communication skills.
Demonstrated leadership ability.
Capable of organizing, facilitating, leading and negotiating with a team of bank associates to solve client problems.
Securities Industry Essentials (SIE), Series 7 & 63 (Must obtain SIE, series 7 & 63 license within 180 days of start date)

Desired Skills:
Undergraduate degree in related field or equivalent work experience. MBA desirable.
Existing knowledge of the market preferred.
Active member/participation in local community organizations.
Highly desirable to have active networking contacts and Centers of Influence established in market.
Desire to work in a specialty team with an interest in Healthcare, Education & NFP institutions.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - MN - Minneapolis - 80 S 8TH ST - IDS CENTER (MN1150)Pay and benefits informationPay range$140,000.00 - $235,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis 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.