Senior Product Owner - Technology Delivery - GBS IND

Job Description:

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

 Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview

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 evolves over time. As part of this modernization, applications are undergoing technical upgrade. As part of international strategy, we need to support ATP Expansion to Japan, Korea and Statutory payments for other countries. Require technically strong Java Leads to support this expansion.

Job Description

A Product Owner with strong business analysis skills and experience is required to strengthen domain capability and support multi-year transformation journey of ATP application. 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.

Responsibilities

• Help business and operations to identify and formulate change needs and Business Cases.
• Assess the impact and scope of the change
• Analyze, negotiate, and ascertain technical feasibility of requirements for a given project.
• Develop complete and accurate business models including process, data.
• Ensure IT and Operational teams fully understand the requirements, scope and objectives through full collaboration and interactive process during the project lifecycle.
• Liaise between the business units, technology teams, delivery and support teams to arrive at optimal solutions. Facilitate Walkthroughs for requirement and solution assessments.
• Collaborate with Architects, Developers and Subject Matter Experts to establish the technical vision and analyze tradeoffs between usability and performance needs.
• Assist in the production of RFIs and RFPs when tendering to vendors and external suppliers, and in the subsequent review and selection.
• Actively involved in generating project estimates at various stages of the SDLC.
• Ensure the requirements are delivered by IT and/or vendors as specified. The development lifecycle is an iterative one and the Business Analyst must be involved from initial concept through to final implementation tracking that the design, build, testing and implementation meet the business product, functional, operational and performance requirements.
• Assist Test Managers in formulating Test Strategy for the various test phases.
• Review of Test Packs to ensure maximum coverage of functional requirements.
• Generation of Non-Functional requirements
• Ability to understand the infrastructure and technical stack requirements to support proposed solutions.

Requirements

Education: B.E. / B.Tech. / MCA

Certifications (if any): NA

Experience Range: 12 - 17 years

Foundational Skills:

• Minimum 12+ years of experience as a Business Analyst in Payments Domain
• 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.

Desired Skills:

• 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.

Location- Hyderabad / Chennai