These jobs are published even when the bank’s chief technology officer said the bank is against blockchain technology
Bank of America, one of the largest banking institutions in the United States, has begun the search for people with knowledge in blockchain technology. The bank looks for someone able to develop different innovative tools related to this technology.
The job offers which were posted by said financial institution indicate that they are looking for people who are not only able to handle the tools, but also who propose a set of development, research and growth plans to conduct them. The institution plans to do much more with this innovative technology.
According to information collected, currently Bank of America has about 78 patents which are related to blockchain technology, and are mostly plans for developing tools and financial solutions.
The vacancy jobs that the bank, based in North Carolina, offers to those who have specific experience and knowledge in blockchain technology correspond to a possible development and adoption plan. In total, six jobs are offered in order to shape the department of innovative technology and blockchain.
This way, a treasure product manager is requested as well as three technology architects (who will be responsible for the different business payments), and finally two other architects specialized in the area of banking regulation. In the central specifications of the jobs it is highlighted that those interested should have experience in blockchain technology, as well as in methodology to apply these tools and solutions in the traditional banking system.
Recently, the announcement of the job offer was closed on the Linkedin social network. But previously a series of factors that the bank needed for the interested parties were explained, suggesting that the financial institution was interested in applying the payment network that is linked to the Ripple platform ledger.
Likewise, about the vacancy for treasure products manager, it was explained that the applicant for this position should direct the “product management team for the Ripple project”, according to the institution.
In addition, this position of leader for the team related to blockchain technology will have to “boost the strategy and growth of the product, supervise the daily routines of product management, and supervise the development of new initiatives which results in an innovative product offering and highly competitive”.
Despite having announced these job offers, Cathy Bessant, who is Chief Operations and Technology Officerat Bank of America, said, during an interview, that the bank is not interested in blockchain technology.
Nevertheless, they have acquired patents related to this technology with the intention that if the institution need them at some point, it could develop its network quickly and avoid future problems if this field begins to have greater relevance in the global financial markets.
On the other hand, the bank specified, that regarding the jobs for architects that it needed, that it was necessary for the applicant to have experience in what they call “crypto-technologies”, as well as in blockchain technology, and Internet of Things (IoT).
By María Rodríguez
