About Us
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Global Business Services
Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.
Process Overview*
Global Financial Control India is part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include General Accounting & Reconciliations, Legal Entity Controllership, Management Reporting & Analysis, Finance Systems Support, Operational Risk and Controls, Regulatory Reporting and Strategic initiatives.The role involves accounting, month end close, US regulatory reporting and US fed & SEC reporting. The individual will be part of a team responsible for the US GAAP legal entity control activities including management of financial close, supporting certain aspects of regulatory reporting and also OPEX initiatives
Responsibilities*
Responsible for legal entity financial control, includes but not limited to:
- Support ME close governances including release of all ME Close dashboards, close period tech & other issue management, close calls and tracking open items, sending close period updates to stake holders etc.
- Support monthly US GAAP financial close and BAC subsidiary governance processes
- Prepare / or review US GAAP and Local GAAP (IFRS) general ledger entries
- Prepare monthly board packs & other governance materials relating to financial reporting
- Understand and manage FX process maps and governance around hedging
- Get deeper understanding of key drivers of P&L and balance sheet and identifying and correcting anomalies
- Support process walkthroughs and internal and external audit liaison
- Ensure monitoring and resolution of intercompany breaks and balance sheet substantiation
- Determine GAAP accounting treatments and ensure appropriate bookings made
- Support for legal entity forecasting
- Identify and escalate control issues, errors and efficiency opportunities
- Preferably an expert on ET tools
- Ability to build relationships across CFO teams including LOB Finance CFOs, Treasury, Liquidity and Tax to understand issues
Requirements*
Education*
Chartered Accountant / CPACertifications If Any NA
Experience Range*
Minimum 8-10 years of post-qualification experience in Controllership - Finance, Accounting and Regulatory reporting preferably in Banking Industry
Foundational skills*
- Legal Entity control and reporting experience in a financial services business
- Dynamic, high energy, solid work ethic, willing to take on new initiatives
- Able to excel and work effectively in a cross-functional team structure
- Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint
- Driven to learn and develop new skills
- Self-motivated and independent having an excellent control mindset
- Ability to effectively manage multiple priorities and deliver as well as being able to adapt to changes
- Able to work in a fast paced, deadline oriented environment
- High level of ownership and attention to detail
- Ability to apply sound judgment, provide effective challenge and display confidence to challenge
- Ability to self-manage and prioritize, pursue goals and consistently deliver results
- Flexibility and good negotiations skills
Desired Skills
- Strong computer skills (advanced excel and macro/access) and Oracle/SAP experiences are preferred
- Expert in Emerging Technologies like Alteryx, Tableau, Workiva, etc.
Work Timings*
07:30 AM to 9:30 PM (9 hours shift, may require stretch during close period)
Job Location*
Gurugram/ Mumbai
