The largest tech companies out there (usually? anecdotal) do not have this distinction, it's the smaller and older companies that continue to enforce this arbitrary divide.
Great Architects work closely with the dev teams to give them reference diagrams, proof of concept code, and the art of the possible. Bad architects drop a big requirements doc and walk away. Almost every large organization has architects (enterprise, solutions, software, and cloud).
I’ve worked as a software engineer at places where everyone did architecture and it always ended up in a hairball mess that some senior/principal would recommend rewriting after 2 years.