Principal Engineer - GMI Next Gen

Back to search results Principal Engineer - GMI Next Gen Chicago, Illinois; Jersey City, New Jersey Additional locations Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge 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 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 enablersLeads the planning, definition, and design of the complex features which span multiple teams and explore solution alternativesCreates ideas on designing complex technology and solution development approachesLeads technical oversight for teams in solution development including design reviews and code within own domainDefines the technology tool stack for the solution within range of internally approved and supported technologiesExplores state-of-the-art technologies to improve development efficiencies, quality of test/QA coverage, and release managementLeads and is responsible for the end-to-end test strategy/creation/adherence, and the integration between teams for a program/portfolio solutionProviding directions to GMI Technology teams working on the migration programWorking with Program Managers to plan and prioritize technology focused itemsTechnical co-ordination of GMI Technology migration projects with other work streams within the overall programEnsuring all non-functional requirements are met in new solutionDeveloping a clear, efficient and clean eco-system architectureAlways maintaining a working eco-system around GMI and its replacement platformAlways maintain the highest technology SDLC standards Required Qualifications:10 yr+ GMI knowledge10yr+ Futures & Options Clearing front to back knowledge including client allocations, clearing workflow, Fees & Commissions, margins and Regulatory ReportingExperienced Principal Engineer to migrate from GMI to new systemExperience leading technical delivery teams with a proven track recordGood understanding of functional architectures within Clearing Technology spaceAbility to work with vendor SMEs to develop technical architecture/solutionsAbility to work under pressure and remain focused on targets to hit delivery datesDesired Qualifications:Prior experience of BofA GMI ecosystem strongly preferredPrior experience of large-scale migration projects· Prior experience of working with vendors on technology projects, especially FIS Skills:AutomationInfluenceResult OrientationStakeholder ManagementTechnical Strategy DevelopmentApplication DevelopmentArchitectureBusiness AcumenRisk ManagementSolution DesignAgile PracticesAnalytical ThinkingCollaborationData ManagementSolution Delivery ProcessMinimum Education Requirement: Bachelor's degree or equivalent work experience. Shift:1st shift (United States of America)Hours Per Week: 40 Learn more about this role Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Refer a friend Apply × To proceed with your application, you must be at least 18 years of age. Acknowledge × Bank of America employees are required to meet all posting eligibility requirements prior to applying for any new position. Acknowledge Full time JR-26035094 Manages People: No Travel: Yes, 5% of the time Age requirement: Must at least be 18 years of age. Illinois pay and benefits information Illinois pay range: $156,500.00 - $230,000.00 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 New Jersey pay and benefits information New Jersey pay range: $156,500.00 - $230,000.00 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 Share: Save job Job saved