Software Engineer lll - Payment Modernization

Bank of America • Jersey City, NJ

2d • Onsite

About The Position

At Bank of America, the company is guided by a common purpose to help make financial lives better through the power of every connection, driving Responsible Growth and delivering for clients, teammates, communities, and shareholders. They are committed to being an inclusive workplace, attracting and developing exceptional talent, supporting teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and making an impact in the communities they serve. Bank of America maintains an in-office culture with specific attendance requirements, allowing for appropriate flexibility based on role-specific considerations. This job is responsible for developing and delivering complex requirements to accomplish business goals. Key responsibilities include ensuring software meets functional, non-functional, and compliance requirements, and that solutions are well-designed with maintainability, ease of integration, and testing built-in from the outset. The role requires a strong knowledge of industry-common development and testing practices, as well as design and architectural patterns.

Requirements

• 7+ years of hands‑on software engineering experience, including building and supporting mission‑critical systems.
• 7+ years of hands‑on experience with Java and Spring Boot building microservices for mission‑critical, low‑latency systems.
• 2+ years of technical leadership experience (Feature Lead / Tech Lead / Senior Engineer) leading delivery for a small to mid‑sized engineering team.
• Experience with event‑driven architectures using Kafka (topic design, consumer groups, streaming patterns, integration with back‑end services).
• Solid experience with Oracle (or similar RDBMS) including schema design for payments, performance tuning, and transactional integrity.
• Knowledge of wire processing workflows including initiation, compliance screening, enrichment, routing, settlement, exception handling, and investigations.
• Experience designing and deploying services using containers (Docker) and Kubernetes, including configuration, scaling, and rollout strategies, preferably on a cloud or private‑cloud platform.
• Ability to ensure solutions meet regulatory and compliance requirements (OFAC, AML, sanctions, risk controls).
• Expertise applying architectural patterns, integration design, event‑driven or microservices patterns, and modern engineering frameworks.
• Strong hands‑on experience developing automated test suites, ensuring coverage across MT/MX message validation, schema compliance, routing logic, performance, and resiliency.
• Experience setting up and maturing CI/CD pipelines with automated quality gates, schema validations, regression packs, and safe deployment controls for mission‑critical systems.
• Ability to troubleshoot and resolve complex technical issues across distributed systems, including message parsing failures, routing defects, latency issues, or integration errors.
• Excellent mentoring, communication, and collaboration skills to support engineering teams and influence technical direction across architecture, product, operations, and compliance partners.

Nice To Haves

• Familiarity with Federal Reserve Operating Circular 8, CHIPS Operating Rules, and SWIFT Standards related to wire message structures and processing requirements.
• 3+ years working in high‑value payments, preferably in US Wires (Fedwire, CHIPS) and/or SWIFT cross‑border payments.
• Experience supporting or engineering for high‑value, low‑latency payment systems, including performance tuning, message parsing optimization, and resiliency patterns.
• Exposure to fraud detection, sanctions screening engines, and other risk systems integrated into wire processing flows.
• Knowledge of end‑to‑end wire operational workflows including exceptions, repairs, adjustments, investigations, and settlement cycles.
• Experience implementing or integrating monitoring/observability platforms (e.g., Splunk, ELK, AppDynamics, Dynatrace) for wire transaction tracing and operational insights.
• Experience in cloud modernization or microservices transformation for wire or other regulated financial systems.
• Experience with UI frameworks (e.g., Angular) and/or Node.js for building operational tools, dashboards, or auxiliary services around wire platforms.
• Ability to collaborate with Compliance, Risk, Operations, and business SMEs to ensure solutions meet regulatory, operational, and audit requirements.

Responsibilities

• Codes solutions and unit test to deliver a requirement/story per the defined acceptance criteria and compliance requirements
• Designs, develops, and modifies architecture components, application interfaces, and solution enablers while ensuring principal architecture integrity is maintained
• Mentors other software engineers and coach team on Continuous Integration and Continuous Development (CI-CD) practices and automating tool stack
• Executes story refinement, definition of requirements, and estimating work necessary to realize a story through the delivery lifecycle
• Performs spike/proof of concept as necessary to mitigate risk or implement new ideas
• Automates manual release activities
• Designs, develops, and maintains automated test suites (integration, regression, performance)

Benefits

• 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
• Eligible to participate in the annual discretionary plan

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees