Bank of America Corporation

Architect

Bank of America Corporation$105K — $165K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • BSc in computer science or equivalent experience
  • Experience in enterprise-level technology strategy
  • Familiarity with Financial Services, especially Global Markets
  • Knowledge of application development and enterprise applications
  • Certification or extensive experience in architectural methodologies (e.g. UML, BPMN)
  • Understanding of architecture, quality, and productivity methodologies
  • Broad IT knowledge across hardware, software, cloud, and databases

Responsibilities

  • Consult with business to identify technology challenges and opportunities
  • Plan and prioritize technology-focused backlog items to support architectural needs
  • Perform design and code reviews to meet non-functional requirements
  • Lead the development of high-level architecture in response to business requirements
  • Educate team members on best technology practices and standard strategies
  • Clarify architecture for development teams and provide architectural options
  • Participate in architecture consulting and design sessions for project initiatives

Benefits

  • Industry-leading benefits package
  • Access to paid time off
  • Resources and support for employee impact
  • Opportunities to contribute to sustainable business growth
  • Participation in annual discretionary incentive plan
Full Job Description
Job Description:

This job is responsible for defining an architectural vision and solution aligned to the enterprise architecture strategy, technology, and platform choices. Key responsibilities include describing the solution intent/associated operating environment, evaluating system impacts, determining the primary systems/sub-systems and their interfaces, and assisting with end-to-end solution design. Job expectations include defining non-functional requirements/architectural runway to support new epics/features and ensuring solutions are fit for purpose by working with stakeholders and service providers.

Enterprise Architect to support the Global Markets domains (all functions in Global Markets i.e. Equities, FICC, Prime Brokerage, Research, Capital Markets and Operations) within the Bank of America. The primary responsibilities will be to develop, institute, socialize and govern architecture strategies / blueprints and related frameworks. The role will also be engaged in architecting and designing comprehensive end-to-end solutions that meet business requirements in support of a given portfolio of work and support the authoring of high level designs when required. Broad understanding of Global Markets domain, as well as good understanding of various technologies is required for this role. Person should have excellent communication, analytical and influential skills to be successful in the role The candidate will be expected to govern a broad portfolio and be a key influencer of strategic technology spend.

Responsibilities:

  • Consults with the business and operations to identify and understand challenges and opportunities to improve the use and effectiveness of technology, find creative solutions through knowledge of the domain, practical experiments, and Proof of Concepts, and aligns the solution intent and architectural vision to an evolving backlog of technology change
  • Works with product management and other stakeholders to plan and prioritize technology focused backlog items for the architecture runway to enable business epics/features
  • Performs design and code reviews to ensure all non-functional requirements for a solution are sufficiently met (for example, security, performance, maintainability, scalability, usability, and reliability)
  • Leads rapid shaping of a high level architecture with details filled in with emerging business requirements and ensures architecture is flexible, modular, and designed to adapt easily
  • Educates team members on the technology practices, standardization strategies, and best practices to create innovative solutions
  • Clarifies the architecture and assists with system design for the development teams to support implementation and provides solution options to resolve any architectural impediments
  • Utilizes the defined best practices, templates, and documentation to create architectural designs and suggests improvements to best practices and templates
  • Participate in architecture consulting to enable design decisions, lead design sessions where appropriate, manage design tradeoffs between speed to market, financial and strategic impact, and support the successful implementation of initiatives.
  • Act as a control function to ensure adherence of designs to blueprints, architectural principles and enterprise standards • Support the compliance of designs to all relevant local laws and regulations.
  • Identify risks to quickly resolve issues and conflicting priorities and influence a positive and effective outcome.
  • Leverage technical expertise to support vendor selection activities including recommendations of when to make the appropriate build vs. buy decisions.
  • Support the development of prototypes and proof-of concepts to validate designs.
  • Contribute to creation and evolution of architectural patterns, principles and guidelines.
  • Support the execution of the architecture governance board.
  • Provide inputs to annual financial planning & other related activities.
  • Providing a senior communication channel across multiple functional domains.


Required Qualifications:
  • BSc-level degree in computer science or equivalent experience in industry
  • Experience with enterprise-level technology strategy in an architecture organization
  • Experience of Financial Services specifically within Global Markets in either Trading or Post Trade candidate will be expected to demonstrate knowledge of the complete trade and contract lifecycle Core Skills
  • Application development knowledge and experience (Enterprise Applications, distributed services, design, analysis)
  • Certification or extensive experience in industry best practices in architectural methodologies and standards (e. g. UML, BPMN)
  • Architecture, quality & productivity methodologies (e.g. Six Sigma)
  • Modern application development and deployment (Automated Testing, Continuous Integration, Continuous Delivery)
  • Broad based IT knowledge (hardware, software, middleware, databases, cloud)


Desired Qualifications:
  • Resolving and influencing the positive outcome of conflicting objectives and priorities
  • Strong, proactive leadership capabilities - inspiring fellowship Ability to stimulate and participate in creative thinking for out-of-the-box solutions Ability to effectively communicate, interact with and influence
  • Work effectively within a fast-paced, cohesive team Willing to learn fast and adapt quickly to change Excellent written (technical) and verbal communication Leadership, Communication and Relationship Skills
  • Understand and empathize with the key challenges faced by sponsors and stakeholders.
  • Manage senior stakeholder expectations and build trust relationships - Provide strategic vision based on balanced Risk, Financial, Process, and Resource factors.
  • Interpret business needs and promoting innovative technology solutions.
  • Support governance and oversight processes for managing alignment of change to strategic goals.
  • Translate complex concepts into multiple architectural "views" aimed at varying audiences.
  • Work effectively in a matrix organization with teams of architects, developers and business partners with minimal supervision.
  • Express ideas verbally and in writing to effectively communicate with and influence teammates, technology partners, business leaders and executives.


Skills:
  • Analytical Thinking
  • Architecture
  • Result Orientation
  • Solution Design
  • Technical Strategy Development
  • Application Development
  • Collaboration
  • Data Management
  • DevOps Practices
  • Risk Management
  • Agile Practices
  • Automation
  • Influence
  • Solution Delivery Process
  • Test Engineering


Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NJ - Pennington - 1600 American Blvd - Hopewell Bldg 6 (NJ2600)

Pay and benefits information

Pay range

$105,600.00 - $165,000.00 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.

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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