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Vice President, Senior Application Manager for Payments and Clearings, Global Transaction Services Technology (GTST)

Singapore, , Singapore

Job Description:

Your background

Essential Skills (Technical / Payments and Clearing Domain / Managerial/ Soft skills)

  • Must have prior experience, at least 12+ years, in SDLC, application design, implementation and application maintenance in the Payments and Clearing domain
  • Must have in-depth knowledge of payments, domestic clearings and regulations especially in ASEAN markets.
  • 10+ years of experience in managing application upgrades, application lifecycles in BAU environment
  • 5+ years of experience in core banking payment systems, domestic and international clearings
  • Experience in core banking transformation, and in integrating core banking systems into a complex, global, technology ecosystem.
  • Proven ability to lead technical teams and manage delivery of complex, integration projects in a matrix organization.
  • Strong experience as both a developer and manager on teams working in an agile development environment.
  • Strong technology delivery capability and leadership from strategy alignment, solution design, E2E coordination to problem solving.
  • Sound knowledge of the Wholesale Banking domain: e.g. deposits, payments, receivables and clearing channels
  • Experience working with product and service vendors, and with the onshore-offshore delivery model.
  • Ability to drive senior level discussions with good communication skills.
  • Exceptionally strong analytical and problem-solving skills.
  • Stay abreast of latest technology and industry trends. Be the change agent to influence and drive transformation: e.g. DevOps, Agile development.

Desired Skills (Technical / Domain / Managerial/ Language skills)

  • Finacle or similar core banking solution implementation and integration experience in a global bank setup would be a definite plus.
  • Familiarity with Asia Banking market practices.
  • Knowledge of Real-time Instant payments, TAX processing, High-Value and Mass payments ACH Clearings.

Qualifications

  • Bachelor or Master’s degree, preferably computers and engineering.

What you can expect

The role will be part of the Global Transaction Services Technology (GTST) APAC team. GTST is a technology service delivery organization supporting the Global Banking and Markets business in Asia Pacific for Bank of America.

Bank of America is embarking on a multi-year core banking transformation journey to replace its legacy core banking platform with modern technology platforms. As part of the core banking platform transformation, the bank will seek opportunities to revamp & improve its end to end ecosystem to improve operational & technological efficiency. The core banking platforms support multiple functions in Global Banking and Markets business: e.g. payments, deposits, credit, trade finance, foreign exchange, general ledger.

The Senior Application Manager will play a leadership role in the core banking application management and maintenance domain. This role will oversee the delivery and maintenance of the core banking applications, both regional/local apps, into the bank’s ecosystem. He/She will work with product teams, functional leads, technical leads, and vendor SMEs across works-streams (e.g. payments, clearing local vendor/regulatory reporting apps) under the core banking transformation program and will have direct accountability in ensuring that the core banking applications are adhering to the bank’s standards/policies and implemented in accordance to scope, cost, timeline, and quality expectations.

The role is required to work closely with business, operations, and vendor partners, control partners like GIS/Risk/Compliance and various peer groups/stakeholders in technology.

What you will do

  • Design/develop to adhere to the enterprise application architecture and roadmap for business systems in the Payments and Clearing domain and coordinates and supervises all activities related to the selection, design, development, implementation, maintenance, and support of these systems ensuring excellence in functionality, response time, stability and availability.
  • Leads and manages the Business Systems IT team, ensuring the efficient and effective use of internal systems to fulfill business objectives. This role serves as the enterprise payment application architect and as a technical authority within the IT team and across the organization. This role also coordinates with the Infrastructure team in evolving applications infrastructure, ensuring that it is scalable and flexible and will continue to meet evolving application architecture in support of business needs.
  • Leads, manages, mentors and provides day-to-day oversight of the ongoing maintenance in BAU environment for around 10+ applications, leveraging domain and technical expertise to in the resolution of complex development, enhancement and support issue and in the design, development, testing and implementation to support business users’ needs and in alignment with the latest regulatory / compliance / IT strategic plans. Foresee and proactively address risks, issues, and dependencies.
  • Ensures prompt resolution of all service requests and regular communication with users during the resolution process.
  • Leads creation, maintenance and regular testing of failover and disaster recovery plans.
  • Ensure and control escalation processes and proactive action in handling critical situations
  • Manages proactive response to system outages to ensure minimal impact to business continuity.
  • Act as the primary liaison between the vendors of the applications and internal technology teams.
  • Manage stakeholder expectations with respect to application stability and quality of maintenance fixes

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Job Band:

H5

Shift: 

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Your background

Essential Skills (Technical / Payments and Clearing Domain / Managerial/ Soft skills)

  • Must have prior experience, at least 12+ years, in SDLC, application design, implementation and application maintenance in the Payments and Clearing domain
  • Must have in-depth knowledge of payments, domestic clearings and regulations especially in ASEAN markets.
  • 10+ years of experience in managing application upgrades, application lifecycles in BAU environment
  • 5+ years of experience in core banking payment systems, domestic and international clearings
  • Experience in core banking transformation, and in integrating core banking systems into a complex, global, technology ecosystem.
  • Proven ability to lead technical teams and manage delivery of complex, integration projects in a matrix organization.
  • Strong experience as both a developer and manager on teams working in an agile development environment.
  • Strong technology delivery capability and leadership from strategy alignment, solution design, E2E coordination to problem solving.
  • Sound knowledge of the Wholesale Banking domain: e.g. deposits, payments, receivables and clearing channels
  • Experience working with product and service vendors, and with the onshore-offshore delivery model.
  • Ability to drive senior level discussions with good communication skills.
  • Exceptionally strong analytical and problem-solving skills.
  • Stay abreast of latest technology and industry trends. Be the change agent to influence and drive transformation: e.g. DevOps, Agile development.

Desired Skills (Technical / Domain / Managerial/ Language skills)

  • Finacle or similar core banking solution implementation and integration experience in a global bank setup would be a definite plus.
  • Familiarity with Asia Banking market practices.
  • Knowledge of Real-time Instant payments, TAX processing, High-Value and Mass payments ACH Clearings.

Qualifications

  • Bachelor or Master’s degree, preferably computers and engineering.

What you can expect

The role will be part of the Global Transaction Services Technology (GTST) APAC team. GTST is a technology service delivery organization supporting the Global Banking and Markets business in Asia Pacific for Bank of America.

Bank of America is embarking on a multi-year core banking transformation journey to replace its legacy core banking platform with modern technology platforms. As part of the core banking platform transformation, the bank will seek opportunities to revamp & improve its end to end ecosystem to improve operational & technological efficiency. The core banking platforms support multiple functions in Global Banking and Markets business: e.g. payments, deposits, credit, trade finance, foreign exchange, general ledger.

The Senior Application Manager will play a leadership role in the core banking application management and maintenance domain. This role will oversee the delivery and maintenance of the core banking applications, both regional/local apps, into the bank’s ecosystem. He/She will work with product teams, functional leads, technical leads, and vendor SMEs across works-streams (e.g. payments, clearing local vendor/regulatory reporting apps) under the core banking transformation program and will have direct accountability in ensuring that the core banking applications are adhering to the bank’s standards/policies and implemented in accordance to scope, cost, timeline, and quality expectations.

The role is required to work closely with business, operations, and vendor partners, control partners like GIS/Risk/Compliance and various peer groups/stakeholders in technology.

What you will do

  • Design/develop to adhere to the enterprise application architecture and roadmap for business systems in the Payments and Clearing domain and coordinates and supervises all activities related to the selection, design, development, implementation, maintenance, and support of these systems ensuring excellence in functionality, response time, stability and availability.
  • Leads and manages the Business Systems IT team, ensuring the efficient and effective use of internal systems to fulfill business objectives. This role serves as the enterprise payment application architect and as a technical authority within the IT team and across the organization. This role also coordinates with the Infrastructure team in evolving applications infrastructure, ensuring that it is scalable and flexible and will continue to meet evolving application architecture in support of business needs.
  • Leads, manages, mentors and provides day-to-day oversight of the ongoing maintenance in BAU environment for around 10+ applications, leveraging domain and technical expertise to in the resolution of complex development, enhancement and support issue and in the design, development, testing and implementation to support business users’ needs and in alignment with the latest regulatory / compliance / IT strategic plans. Foresee and proactively address risks, issues, and dependencies.
  • Ensures prompt resolution of all service requests and regular communication with users during the resolution process.
  • Leads creation, maintenance and regular testing of failover and disaster recovery plans.
  • Ensure and control escalation processes and proactive action in handling critical situations
  • Manages proactive response to system outages to ensure minimal impact to business continuity.
  • Act as the primary liaison between the vendors of the applications and internal technology teams.
  • Manage stakeholder expectations with respect to application stability and quality of maintenance fixes

About Bank of America

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world

Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Learn more about this role

Full time

JR-21067656

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Harry Daudhar

Referral Bonus:

0

Street Address

Primary Location:
2 HARBOURFRONT PLACE, #02-01, Singapore, 098499