Technology Executive - Capital Markets
New York, New York
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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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
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 building and leading an organization to deliver technology products and services that meet strategic business outcomes. Key responsibilities include enabling the portfolio strategy by setting strategic technology outcomes, creating a resource and people development strategy, managing the financial and resource plan, advocating and advancing organizational agility, improving end-to-end processes, and promoting learning and improvement. Job expectations may include coaching, mentoring, and driving leadership succession planning and development of employees.
Position Summary:
The Capital Markets Technology Executive is responsible for delivering end-to-end technology solutions, platforms and support for the Capital Markets business, including development and execution of technology strategy to improve client targeting, streamline deal execution, and create a unified user experience across ECM, DCM, Leveraged Finance, and Rates & Currencies.
Responsibilities:
Manages relationships with business and technology executives/sponsors and vendors for technical products and understands the work deliverables and performance of the Technology Management team by following outcomes from business and client feedback
Creates an inclusive and healthy working environment and helps to resolve organizational impediments/blockers by sponsoring opportunities that improve processes, staying close to teams and their experiences, and identifying new opportunities to enhance efficiency and gain a competitive advantage
Conducts portfolio level resourcing and financial management activities, establishes target outcomes through objectives and key results, tracks strategic technology outcomes aligned to the portfolio strategy, and promotes the organization and its resources to achieve them
Facilitates performance and career development of teams through performance reviews, coaching, and creating development plans that are needed to build competencies and skills
Establishes a culture of risk and compliance management, ensuring the organization is compliant with all applicable policies and standards
Ensures that execution is aligned with Portfolio strategy by working with Portfolio Product Executives and other value stream stakeholders
Manages procurement, vendor evaluations, and negotiating vendor contracts for technical products and services for the organization
Design, deliver and support technologies for Capital Markets team within Global Corporate & Investment Banking line of business, including ECM, DCM, Leveraged Finance, and Rates & Currencies.
Manages relationships with business and technology executives/sponsors and vendors for technical products and understands the work deliverables and performance of the team by following outcomes from business and client feedback
Conducts portfolio level resourcing and financial management activities, establishes target outcomes through objectives and key results, tracks strategic technology outcomes aligned to the portfolio strategy, and promotes the organization and its resources to achieve them
Drive technology execution and identify and mitigate any risk associated with owned applications, platforms and services provided by team
Ensure compliance with policies and laws, rules, and regulations
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank's capabilities to meet client needs and to gain competitive advantage.
Required Qualifications:
Communicates and influences impactfully - is clear, simple and straightforward; applies high level of executive presence and communications skills to influence senior stakeholders
Strong interpersonal skills; ability to make effective presentations and communicate technical concepts to non-technical clients
Drives business results - executes in the face of obstacles; focused on customer/stakeholder needs
Manages risk - manages and controls risk in an effective and disciplined manner; creates a strong risk management culture
Strategic thinking and business acumen
Navigates organizational complexity - understands how work is done, applies enterprise mindset and technical expertise to advise business
Desired Qualifications:
Experience in a similar role in Capital Markets
Minimum Education Requirements: Bachelor's Degree or Equivalent Professional Experience
Skills:
Business Acumen
Financial Management
Influence
Result Orientation
Risk Management
Analytical Thinking
Collaboration
Data Management
Stakeholder Management
Technical Strategy Development
Executive Presence
Stakeholder Management
Innovative Thinking (Capital Markets Domain)
Technical Strategy Development
Fiscal Responsibility
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\EEOC\KnowYourRights6.12.pdf) " poster.
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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
