Technology Executive - Capital Markets

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

Pay Transparency details

US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)

Pay and benefits information

Pay range

$175,000.00 - $325,000.00 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.