Principal Cloud Data Architect - Channels Data Platforms and Analytics
About the job
- 12+ years of experience in data or software engineering, including 8+ years designing enterprise data platforms or large distributed architectures.
- Demonstrated leadership in cloud modernization, including Azure, Databricks with Spark and Delta, Snowflake, and Kafka or Event Hubs.
- Strong experience modernizing legacy systems, including Informatica ETL, Hadoop or big data systems, and mainframe workloads such as batch pipelines and reporting interfaces.
- Deep expertise in non-functional-requirements-driven design, including resiliency, security, performance, scalability, observability, and operational excellence.
- Strong proficiency in SQL and Python; Scala or Java is a plus.
- Ability to influence senior leaders, drive enterprise alignment, and deliver outcomes in highly regulated environments.
- Ability to translate complex engineering concepts for executive, business, and technical audiences.
- Experience with microservices, containers such as Kubernetes or OpenShift, API gateways, and integration patterns.
- Define and communicate the solution intent and architectural vision across business, data, application, and technology domains.
- Build and maintain a multi-year modernization roadmap for Channels Data Platforms, including mainframe, Hadoop, ETL, and analytics components.
- Establish target operating models, architectural patterns, and guardrails to support evolving capabilities and regulatory expectations.
- Drive enterprise alignment by collaborating with Enterprise Architecture, Platform Architecture, Information Governance, Risk, and Product.
- Lead the transformation from Informatica, on-premises databases, Hadoop, and mainframe-based reporting into cloud-native architectures.
- Define migration paths for mainframe jobs, batch interfaces, and legacy ledger or reporting logic into scalable modern architectures.
- Implement continuous integration and continuous delivery for data, infrastructure as code using Terraform or Bicep, observability using logs, metrics, and traces, and cost or performance governance.
- Ensure platform resiliency, scalability, and operational readiness, including high availability and disaster recovery, autoscaling, performance tuning, and traffic management.
- Provide end-to-end architectural oversight for Payment Tracker, including user interfaces, APIs or microservices, data models, analytics layers, and dashboards.
- Guide design for real-time and near-real-time insights, data marts, and advanced analytics embedded in Payment Tracker experiences.
- Ensure adherence to non-functional requirements for performance, security, maintainability, and reliability, with integrated monitoring and alerting for application and data services.
- Lead design and code reviews, resolve architectural blockers, and ensure compliance with the Bank’s risk framework, data privacy, entitlements, masking, and audit expectations.
- Partner with delivery teams to translate strategy into actionable technical backlogs and architecture epics.
- Drive the creation of reusable accelerators, libraries, templates, migration playbooks, and modernization frameworks.
- Mentor engineers and elevate engineering excellence across Channels Technology.
- Own research and development for the data and analytics portfolio by evaluating emerging tools, running proofs of concept and pilots, benchmarking performance, publishing decision records, and setting technology adoption standards.
- Develop the engineering approach for the entire program or portfolio solution and work with Architecture to deliver technical enablers.
- Lead the planning, definition, and design of complex features spanning multiple teams and explore solution alternatives.
- Lead technical oversight for teams in solution development, including domain design reviews and code reviews.
- Define the technology tool stack for the solution within internally approved and supported technologies.
- Explore state-of-the-art technologies to improve development efficiency, quality of test and quality-assurance coverage, and release management.
- Lead and own the end-to-end test strategy, creation, adherence, and integration between teams for a program or portfolio solution.
- Experience in payments, Channels, CashPro, or analytics-driven applications.
- Knowledge of semantic layers such as dbt and LookML, data quality frameworks such as Great Expectations and Deequ, and data governance tools such as Purview and Collibra.
- FinOps experience with cost optimization for cloud data workloads.
- Advanced understanding of streaming, event-driven architectures, and machine learning or artificial intelligence integration.
About the company
Bank of America provides a full range of financial services to individuals, small businesses, and large corporations, including banking, investing, asset management, and risk management products. Customers access services via branches, online and mobile banking, and advisory and trading capabilities across consumer banking, wealth management, corporate and investment banking. Its breadth, scale, and global reach enable cross-service solutions and large-scale operations that few peers match. Its goal is to be a trusted, full-service financial partner helping customers manage money, grow assets, and navigate risk.
Company Size
10,001+
Company Stage
IPO
Headquarters
Charlotte, North Carolina
Founded
1904
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Simplify's Take
What believers are saying
- September 28, 2026 Payments Insights adds AI analytics to CashPro for treasury clients.
- Bradesco's real-time cross-border payments pilot validates BofA's global payments platform.
- 2Q26 revenue rose 15% and net interest income hit $16.0 billion, supporting investment.
What critics are saying
- Reuters on October 1, 2026 flagged AI agents threatening BofA's deposit inertia.
- Merrill paid a $7.5 million SEC fine on June 29, 2026 for SAR failures.
- October 2026 debanking scrutiny and the $39 million cash-sweep settlement pressure Merrill clients.
What makes Bank of America unique
- Bank of America held $2.02 trillion average deposits in 2Q26, powering low-cost funding.
- CashPro handled 213 million payments in 1H26, giving BofA unmatched treasury data.
- Merrill and Private Bank reached $100 billion in Personal Retirement Strategy by September 2026.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
Paid Sick Leave
Flexible Work Hours
Remote Work Options
Professional Development Budget
Conference Attendance Budget
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -1%Bank of America shares fell approximately 1.3% on 1 October amid concerns that AI agents could disrupt the bank's deposit base. Reuters Breakingviews suggested AI could enable customers to quickly move cash to higher-yielding accounts, challenging banks' reliance on customer inertia. The stakes are substantial. Bank of America reported $2.02 trillion in average deposits and $16 billion in second-quarter net interest income. Checking accounts comprised 59% of its $957 billion consumer-deposit base, roughly $565 billion. Whilst AI could reduce servicing costs, customer-facing AI agents that automatically seek better yields could force banks to pay more to retain deposits. The scenario remains theoretical rather than evidence of an actual AI-driven deposit exodus. Investors should monitor deposit pricing, checking-account retention, and net interest income.
Bank of America's Merrill Lynch unit will pay $39 million to settle a class action lawsuit over cash sweep accounts, according to settlement papers filed late Wednesday in Manhattan federal court. The case covered Merrill Edge online retirement account holders between December 2016 and March 2020. Customers alleged Merrill Lynch swept idle cash into deposit accounts yielding only 0.05% to 0.14% annually, whilst other brokerages paid about 2%. Plaintiffs claimed this violated client agreements requiring a "reasonable rate." The settlement, which must be approved by US District Judge Valerie Caproni, avoids a trial scheduled for mid-October. The payment represents a tiny fraction of Bank of America's $9.1 billion quarterly profit reported in Q2. Similar lawsuits against other financial institutions have yielded mixed results, including a recent $70 million settlement with Oppenheimer.
CTO Realty Growth has closed a $1.0 billion unsecured credit facility, extending its debt maturity profile and increasing total commitments by $250 million. The Winter Park, Florida-based owner and operator of open-air shopping centres will use proceeds to repay outstanding borrowings under its previous $300 million revolving credit facility and two term loans. The new facility comprises a $400 million revolving credit facility due September 2030 and four term loans ranging from $150 million each, maturing between September 2029 and March 2032. The refinancing increases the company's weighted average debt maturity to 4.3 years from 1.6 years. Initial fixed interest rates on the term loans range from 3.4% to 5.3%, based on applied SOFR swaps. The facility was provided by a syndicate led by KeyBank National Association.
Bank of America has maintained its buy rating and $989 price target for Caterpillar after the industrial equipment maker secured 283 megawatts in AI-backed orders. The company has become an unexpected beneficiary of the artificial intelligence boom, as data centres require massive amounts of electricity and power equipment. Caterpillar posted its first quarter above $20 billion in sales during Q2, up 24% to $20.5 billion. Power generation retail sales surged 72% on demand for large generator sets and turbines for data centres. The company's backlog reached $72 billion, with power and energy customers placing orders through 2030. The latest catalyst came from Atlas Energy Solutions, which announced agreements with an unnamed frontier AI lab for two data centres using Caterpillar equipment.
Bank of America has reiterated its buy rating on Hewlett Packard Enterprise ahead of the company's networking investor day on 30 September. Analyst Wamsi Mohan maintained an $88 price target, representing roughly 40% upside from recent levels. HPE shares have more than doubled this year following the company's $14 billion acquisition of Juniper Networks in July. The deal transformed networking into HPE's fastest-growing segment, with third-quarter networking revenue jumping 74.9% to $2.9 billion. Bank of America expects the data centre networking market to grow about 40% annually through 2030, up from HPE's earlier 15% estimate. The firm projects HPE's networking revenue will compound at 15% to 20% yearly. However, BofA's model shows free cash flow potentially dipping to $2.75 billion in fiscal 2028 as capital spending rises sharply.