Job Description:
About Us
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
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Global Business Services
Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.
Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.
In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.
Process Overview
Global Markets Technology provides end-to-end technology solutions for Global Markets businesses including Equities, Prime Brokerage, Interest Rates, Currencies, Commodities, Derivatives and Structured Products. GMT solutions span across Sales, Electronic / Voice Trading, Pricing, Market Risk, Trade Workflow, Middle office, Collateral Management, Credit Risk, Post-trade confirmation, Settlement and Client service functions. In Global Business Services (GBS) GMT India, the activities we are responsible for include architecture, design, development, QA, change management, implementation and support using various enterprise technologies.
Job Description
GBS Prime Services and Equities Tech is part of Global Markets Technology with developers and systems engineers, QA professionals, Product Owners/ Managers and business/technical support professionals responsible for designing, developing, testing, and implementing technology solutions for the Equities Trading, Prime Brokerage services, Margin Risk Management, Securities Lending, Derivatives, Risk and P&L calculations. The business functions supported include electronic and voice trading, trading engines, market data, trade lifecycle management, trade surveillance, trading risk management, regulatory reporting. The selected candidate will be managing, leading and overseeing the technology team(s) aligned to one or more of these business verticals.
The ideal candidate should have about 25+/- of experience in Global Markets, preferably in Equities Trading and Prime Brokerage Technology domains, with hands on responsibility in complex application design and development, strong business function understanding, and extensive experience of project and people management.
The candidate should have proven skills in leading / managing large sized offshore technology delivery teams and also technology talent planning, project planning, execution and senior level stakeholder management. The candidate is expected to strengthen the global engagement and build the right capability in India to meet the current and anticipated future software delivery needs.
The candidate will work closely with the global technology stakeholders and business users and play hands on role in planning, budgeting, and enabling technology build out to meet program and business objectives.
Responsibilities
- Provide Strategic thought leadership and vision for the team to help achieve the defined strategic goals
- Responsible for the day-to-day oversight of all technology software deliverables ensuring quality and timeliness and implement relevant project management practices
- Participate in global talent planning and collaborate with global stakeholders to layout location strategy, build strong tech capabilities in India and propel India teams to move up the tech delivery value chain
- Establish best practices and process for people that deepens individual engagement
- Coach and mentor team members to build capability for bigger and larger responsibilities
- Senior stakeholder management, collaboration and coordination with support partners such as technology infrastructure, application production services, and other partners
- Manage and meet management objectives, KPI and other horizontal Initiatives (Operational Excellence, Innovation, etc.)
Requirements
- Education : BE/B.Tech/MCA/ME/M.Tech
- Certifications If any : - NA
- Experience Range: 25+/- years
Foundational skills:
- Ideal work experience to include: Project. Program Management, People Management, Programing in Python or Java, development of large-scale technology platforms
- Hands on Programming experience with Python or Java
- Strong in OOPs and design patterns
- Business knowledge on Financial markets & Financial derivatives is a must
- Exposure in derivative functions such as pricing, risk computation, trade life cycling and post trade processing will be an added advantage
- Ability to work in fast development environment and quickly adapt to the changes
- Experience/ Knowledge in Agile development methodology
- Extensive experience in Project management
- Strong in business/software analysis and data analysis
- Strong problem solving and analytical skills
- The candidate should have entrepreneurial spirit and be a self-starter who can work well both independently and with a global team
- Ability to work in global virtual teams with matrix team structures
- Excellent communication skills
Desired skills: Object Oriented Database
Work timings: 11:30 AM to 8:30 PM
Job Location: Mumbai / Chennai / Hyderabad