Application Architect V

Application Architect V

BCforward is currently seeking a highly motivated "Application Architect V" for an opportunity in US - Jersey City, NJ 07302

Position Title: Application Architect V

Location: Jersey City, NJ 07302

Job Posting Expected Start Date: 04/02/2025

(Please note this is the target date and is subject to change. BCforward will send official notice ahead of a confirmed start date.

Expected Duration: 12 Months with possibility of extension

Job Type: 40 hours work week

Pay Rate: $70.00/hr - $73.00/hr on W2

Job Description

This role with the Market Risk Technology team, based in New York City/Jersey City, offers an exciting opportunity for the selected candidate to work closely with the senior business stakeholders in the Global Portfolio Analysis, Global Risk Analytics and Global Market Risk teams. The role involves building subject matter knowledge on Market Risk exposure management for the Global Markets business across all asset classes and delivery responsibility on significant funded initiatives that are driving the build out of next generation Market Risk technology stack. The selected candidate will bring analytical skills, ability to work in global teams, with business stakeholders as well as technical experts in order to deliver the projects and grow their career within Market Risk technology that is now a key focus area for investment from the BAC senior management team. Since the regulatory landscape continues to evolve, there is a need for Market Risk to work hand-in-hand with Front Office and this role offers the selected candidate a real potential to utilize their skills as well as learn how risk management spans across Front Office Trading desks all the way to Market Risk exposure management and eventually reported to the regulators.

Job Responsibilities:
Ownership of work streams with business and technology stakeholders to discuss business problems
Partner with Global Markets Financial Risk (GMFR), Global Risk Analytics (GRA) and Model Risk Management (MRM) for business requirements
Propose technology solutions to business problems and facilitate agreement with all stakeholders
Cost estimation of technology solution and participate in budget approval process
Develop prototypes (using python, SQL, excel/VBA) to demonstrate solutions to stakeholders
Consult with management to guide and influence long term and strategic decision making within the broadest scope
Data analysis using distributed computing and Big Data platforms such as Apache Hadoop
Collaborate with team members to collect and analyze large data sets
Develop data analyses, data collection systems and other strategies that optimize statistical efficiency and quality
Use graphs, infographics and other methods to visualize data
Identify, analyze, and interpret trends or patterns in complex data sets
Interpret data and analyze results using statistical techniques
Using Agile SDLC methodology, work with Product Owner/Product Manager for documentation/development of Epics and Stories
Ownership of functional design of market risk applications
Facilitate agreement on technical design with technology stakeholders
Coordinate UAT activities, releases and migration events - track defects and progress on resolution
Demonstration of new functionalities to business and technology stakeholders
Adhere to risk mitigation plan defined by corporate audit
Escalation of issues to senior partners in a timely manner
Follow Enterprise Change Management (ECM) process
Drive process improvement and policy development initiatives that impact market risk technology¿

Required Skills:
Strong Market Risk, Risk, or Front Office experience
Strong financial markets product knowledge
Solid understanding of regulatory landscape
Strong problem solving skills and experience of analyzing and validating large volumes of numerical data.
Good organizational skills with efficient follow up on open items
Exposure to Agile methodologies.
Experience of all aspects of project life cycle
Excellent technical skills; SQL, Excel, VBA and Python
Computer Engineering/Financial Degree
Strong analytical and quantitative skills

Desired Skills:
CFA, FRM, MBA

Benefits:

BCforward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.

About BCforward:

Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward's 6,000 consultants support more than 225 clients globally.

BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class place to work.

BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.

To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process.

This posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.

Interested candidates please send resume in Word format Please reference job code 235011 when responding to this ad.

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