About this opportunity
Hobbsnews lists this Principal Engineer - GMI Next Gen opportunity in chicago, Illinois. Review the employer’s description below for duties, qualifications and application requirements.
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 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!
This job is responsible for defining and leading the engineering approach for solutions at the program or portfolio level, to deliver significant business outcomes. Key responsibilities include continuously improving the design, quality, and reuse of the solution and delivering technology enablers that improve development efficiencies for the solution. Job expectations include familiarity with at least one area of engineering, acting as a “go to” reference across the organization, and applying knowledge to improve technical competencies through recruitment and development activities.
The Cleared Derivatives and Collateral Technology group sits within the Global Markets Technology division. The group is responsible for the delivery of a wide range of technology solutions which support Middle and Back Office markets operations for the firm across Futures, Options and Cleared OTC products. You will be joining the Back Office (GMI) EMEA team within Cleared Derivatives and Collateral Technology. This is a long-established team with experienced professionals which forms part of Cleared Derivatives Technology globally.
The GMI Next Gen program is looking to replace the current legacy Back Office platform and a Technology lead is required to drive the technology aspects of migration.
Responsibilities
Develops the engineering approach for the entire program/portfolio solution and works with Architecture, to develop/analyze/deliver the implementation of technical enablers
Leads the planning, definition, and design of the complex features which span multiple teams and explore solution alternatives
Creates ideas on designing complex technology and solution development approaches
Leads technical oversight for teams in solution development including design reviews and code within own domain
Defines the technology tool stack for the solution within range of internally approved and supported technologies
Explores state-of-the-art technologies to improve development efficiencies, quality of test/QA coverage, and release management
Leads and is responsible for the end-to-end test strategy/creation/adherence, and the integration between teams for a program/portfolio solution
Providing directions to GMI Technology teams working on the migration program
Working with Program Managers to plan and prioritize technology focused items
Technical co-ordination of GMI Technology migration projects with other work streams within the overall program
Ensuring all non-functional requirements are met in new solution
Developing a clear, efficient and clean eco-system architecture
Always maintaining a working eco-system around GMI and its replacement platform
Always maintain the highest technology SDLC standards
Required Qualifications
10 yr+ GMI knowledge
10yr+ Futures & Options Clearing front to back knowledge including client allocations, clearing workflow, Fees & Commissions, margins and Regulatory Reporting
Experienced Principal Engineer to migrate from GMI to new system
Experience leading technical delivery teams with a proven track record
Good understanding of functional architectures within Clearing Technology space
Ability to work with vendor SMEs to develop technical architecture/solutions
Ability to work under pressure and remain focused on targets to hit delivery dates
Desired Qualifications
Prior experience of BofA GMI ecosystem strongly preferred
Prior experience of large-scale migration projects
Prior experience of working with vendors on technology projects, especially FIS
Skills
Automation
Influence
Result Orientation
Stakeholder Management
Technical Strategy Development
Application Development
Architecture
Business Acumen
Risk Management
Solution Design
Agile Practices
Analytical Thinking
Collaboration
Data Management
Solution Delivery Process
Minimum Education Requirement
Bachelor’s degree or equivalent work experience.
Shift
1st shift (United States of America)
Hours Per Week
40
Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - NJ - Jersey City - 525 Washington Blvd (NJ2525)Pay and benefits informationPay range$156,500.00 - $230,000.00 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.10+ years experience
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Worksite address
chicago, IL, 60290, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.