Vice President, Product Owner – APAC GBT Bank-in-a-Box Centre of Excellence

Job Description:

Your background

• Minimum 8 years of experience as a Product Owner.
• Excellent technical and analytical skills. Consulting mind-set with aptitude for critical thinking, problem solving, and decision-making.
• Strong knowledge of the Wholesale Banking domain: e.g. deposits, payments, receivables, liquidity management, accounting, credit management, FX.
• Experience working with Agile teams.
• Ability to capture and articulate clear, unambiguous detailed functional requirements to both Business and Technical users.
• Ability to take a high level design and define/drive the low level solution design with both Business and Technical users.
• Ability to drive senior level discussions with good presentation and communication skills.
• Experience working in complex matrix organization setup. Ability to influence & work with regional and global partners/stakeholders to drive the program forward.

What you can expect

Bank of America has embarked 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 is revamping its end to end ecosystem to improve operational & technological efficiency. The core banking platform supports multiple functions in Global Banking and Markets business: e.g. payments, deposits, credit, trade finance, foreign exchange, general ledger. The platform is being built in an ongoing and agile process to easily adapt to new technologies, integrate more tools, and provide a structure that is able to evolve over time. At the core of this transformation is the Bank-in-a-Box (BiB) platform. BiB uses simpler architecture and modern technology, eliminates applications, and is easier to enhance and update.

The Bank-in-a-Box (BiB) roadmap spans several years, covering Global Payments Transformation (GPT), CLI, and Branch replacement. The first BiB implementation was successfully completed in Oct 2020 for Indonesia, to address the local regulatory requirement to host core banking infrastructure onshore. 2021 initiatives include SEPA Instant, HK Real Time Payments and Regulatory mandates such as Indonesia Direct Debits and Indonesia RTP. The GPT budget is expected to increase significantly in 2022, with implementations across APAC, EMEA and LATAM. The BiB Centre of Excellence will be at the heart of this Payments Transformation Program.

A Product Owner with strong business analysis skills and experience is required to strengthen domain capability within the BiB Centre of Excellence and support this multi-year transformation journey. The candidate will play a critical role in low level solution ideation, design, and delivery on the transformation program. He/She will work with product teams, technical leads, and vendor SMEs, and will have direct accountability in ensuring that business requirements are designed and implemented as per expectations. Strong communication and engagement skills are a must.

What you will do

• Perform impact assessment on the current state processes and identify gaps.
• Work with Architecture/Design to identify technology capabilities needed to meet requirements.
• Work with Business partners to identify process impacts if any to meet requirements.
• Work with Business Partners and Design teams to add/refine requirements and priority in line with system or process capabilities /cost and timelines.
• Identify and raise risk/additional changes to Business stakeholders and work with business partners and Architecture/design to add or amend requirements as appropriate to address the risk.
• Capture expected target end to end behaviour as stories, with use cases (where appropriate).
• Support project PI planning.
• Work with Design and application scrum teams in the Release Train to review the Application stories/User stories to align with end to end stories.
• Support Backlog refinement/sprint planning/user story review/test plan review/defect triage and change request generation for additional or changed requirements.
• Generate low level design stories with supporting use cases and field level mapping, business rules/logic.
• Manage user queries during feature implementation, and ensure that they are tracked and closed.
• Participate in system design, SIT, and UAT to ensure that solutions are being delivered and tested as per requirements.
• Ensure knowledge sharing and training on new product features.
• Recommend and implement data migration and integration strategies.
• Provide ongoing techno-functional expertise to ensure project stability post go-live.

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.

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