Development Manager - Commercial Real Estate Banking (CREB) - Community Development Banking

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 supporting strategic business initiatives and operational priorities within Community Development Banking and Commercial Real Estate Banking. Key responsibilities include coordinating business processes, supporting governance and control activities, managing stakeholder engagement, and driving execution of strategic initiatives. Job expectations include partnering across multiple functions, monitoring business performance, supporting operational and compliance requirements, and identifying opportunities to improve efficiency and effectiveness.

The Development Manager will partner with Community Development Banking and Commercial Real Estate Banking teammates across the country to support the delivery of financial solutions, development initiatives, and strategic business priorities. Community Development Banking is committed to supporting economic opportunity and community revitalization through investments, financing solutions, and partnerships that help create and preserve affordable and workforce housing. The role serves as a key liaison across internal and external stakeholders, helping coordinate business activities, support investment and development processes, and drive execution of key priorities for the business.

Responsibilities:

• Leads business initiatives and project activities that support strategic objectives and operational priorities
• Partners with stakeholders across multiple lines of business to drive alignment, execution, and issue resolution
• Coordinates internal documentation, approvals, funding requests, audits, and other business processes in accordance with established policies and procedures
• Supports governance, operational risk, compliance, and control activities across the business
• Analyzes business processes and recommends improvements to enhance efficiency, effectiveness, and organizational performance
• Develops reporting, presentations, and business insights to support leadership decision-making
• Monitors project timelines, deliverables, risks, and dependencies to support successful implementation of initiatives
• Supports business reviews, execution tracking, pipeline management, and partner engagement activities

Required Qualifications:

• Minimum of 2 years of experience supporting strategic initiatives, project management, governance, or risk activities within a financial services organization
• Experience coordinating strategic work across multiple stakeholders, business partners, or organizational functions
• Experience developing reports, presentations, analyses, or business recommendations for executive management review
• Demonstrated ability to manage multiple priorities and deliver results within established deadlines
• Demonstrated analytical and problem-solving skills with the ability to identify issues and recommend solutions
• Demonstrated verbal and written communication skills, including experience presenting information to business partners or executive leadership

Desired Qualifications:

• Experience supporting Community Development Banking, Commercial Real Estate Banking, Global Commercial Banking, Global Risk, Strategy, or related business functions
• Experience with governance, controls, compliance, audit, or operational risk processes
• Experience supporting process improvement, organizational effectiveness, or business transformation initiatives
• Experience creating management reporting, dashboards, metrics, or performance analyses

Skills:

• Business Analytics
• Business Development
• Pipeline Management
• Portfolio Analysis
• Reporting
• Stakeholder Management
• Project Management
• Process Improvement
• Strategic Planning
• Change Management
• Governance and Controls
• Data Analysis
• Relationship Building
• Risk Management
• Operational Excellence

Minimum Education Requirement:

High School Diploma / GED / Secondary School or equivalent

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)

Pay and benefits information

Pay range

$104,000.00 - $123,900.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

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.