Principal Engineer - GBS IND - R

Job Description:

Overview (Bank of America overview, BA Continuum India overview, Business Overview)

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

Process Overview:

Prime Brokerage (PB) offers physical and synthetic financing solutions for clients who desire to gain market exposure and financing to securities in the Equity, Fixed Income and FX marketplaces. BAML's offering spans multiple areas within GBAM each of which provide specific offerings to our clients.

Core prime services include transaction processing, canned and ad-hoc reporting as well as different calculators to calculate chargebacks, margins and financing.

Job Description:

We are looking for seasoned technology leader with deep expertise in modernizing enterprise technology landscapes, simplify & optimize legacy systems and driving architectural transformations.

Ideal candidate combines hands-on architectural skills with strategic vision, delivering sustainable and scalable solution to meet overgrowing demand of the market requirements that enhances systems throughputs and performances to support bank of America businesses and end customers.

Role demands technical depth, leadership acumen and solid business understanding.

Candidate is also responsible for overall delivery ownership working with global stakeholder teams with effective project management skills.

Candidate will be operating in Margin and Risk Technology function within Prime Brokerage line of business which is responsible for distributing client Margin reports and assess portfolio Risk on daily basis for PB clients.

Responsibilities

• Simplify Legacy Designs- Optimize overnight critical batch processing framework which is responsible for margin report delivery for high-net-worth clients by modernization legacy application processes.
• Technology Leadership - To lead high performance team to own & drive end to end project deliveries from India.

• Collaborate with business and product leaders to align technology transformation with strategic objectives.
• Production Stability- Expected to manage production incidences situations with communication and escalations to Sr. tech & business management
• Lead modernization program - explore potential opportunities in existing legacy set up for modernization
• Drive innovation and continuous improvement in tools, technologies, and delivery processes
  for overall operational efficiency.

Requirements

• Required Skills
  • Technical Skills & Industry experience:
    • Must have:
      • 18-20 years of total IT experience, with 10+ years in architecture, modernization, or transformation leadership roles.
      • Influencing leadership skills with hands-on technical skills to lead high performer team
      • Expertise level experience not less than 10+ years in Microsoft technologies mainly SQL Server 2018, Business intelligent tools (SSIS, SSRS), .Net C#, Python 3.x, Visual Studio 2019, Python scripting
      • Strong database knowledge on relational and object-oriented databases,
      • Strong grasp of design patterns, distributed systems, data architecture, and security principles.
      • Exposure in distributed computing processes, message queuing tools (e.g. AMPS), scheduling tools
      • Strong understanding on both windows and UNIX flavored operating systems
      • Exposure on CI/CD processes using tools using Jenkins, ansible
      • Worked in Agile software development cycle
    • Good to have:
      • Good understanding on large scale infrastructure and ability to assess and mange inventory based on technology solutions needed
      • Exposure in managing enterprise architecture frameworks
      • Worked on modernizing large scale applications using industry standard solutions.

• Preferred Qualifications
  • Master's or Bachelor's degree in Computer Science, Engineering, or related field.
  • Certifications in Enterprise Architecture (TOGAF), Cloud Architecture, or DevOps Leadership.
  • Exposure to AI/ML integration, data modernization, or event-driven architecture is a plus.
  • Prior experience in technology consulting or global delivery environments.
• Leadership and organizational skills
  • Must exhibit technical leadership skills with strong hold on software, tools, applications required to be working upon
  • Ability to design flawless and efficient processes
  • Should have clear understanding on requirements and ability to drive business deliveries end to end
  • Efficiently work in collaborative and coordinated environment with strong understanding on global delivery model
  • Fluent and influencing communication (both written and verbal)
  • Self-driven, proactive, and organized to own and drive small/mid-scale projects
• Domain Exposure
  • Prefer to have working experience in Prime Brokerage (PB) line of business in an investment banking domain (minimum of 10+ years).
  • Detail understanding on financial products like equity, FX, Bonds, Swaps and derivatives of these underlying - should have exposure in life cycle management of these products
  • End to end trade life cycle for exchange and over the counter (OTC) traded products
  • Exposure on Margin Financing and middle office Risk management
• Project Management skills
  • Should have experience in requirement gathering, analysis by working closely with stakeholder teams, users etc.
  • Project estimation to provide road map on overall work completion
  • Resource management to allocate tasks and build traceability to track progress
  • Project progress reporting to management

• Job Location: Mumbai, Chennai
• Work Timings: General Shift (10:30 AM to 7:30 PM)