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Manager

Gurugram, India

Job Description:

Overview *

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions. 

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
 
* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
 

Process Overview*
The FAKC (Finance and Accounting Knowledge Center) was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support and Supply Chain Management.
Over the years, the scope of FAKC has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.

Job Description*

EMEA Controller Group has overall responsibility for the Legal Entity Financial Control and reporting for the EMEA entities and branches. This includes those in UK, Ireland and France. The individual will be part of a team responsible for the legal entity control activities, including external reporting, management of the financial close, supporting certain aspects of regulatory reporting, driving change and operational excellence.

Responsibilities

Legal Entity Financial Control

Responsible for legal entity financial control of the EMEA entities and branches in UK, Ireland and France.  Including:

Support for monthly US GAAP financial close and BAC subsidiary governance processes Booking US GAAP and Local GAAP (IFRS/UK/French) general ledger entries Preparation of monthly board and other governance materials relating to Financial reporting Generating understanding into key drivers of P&L and balance sheet and identifying and correcting anomalies Support preparation of Annual audited financial statement Resolve audit issues;  process and control upgrades; internal and external audit liaison; and provide input into supervisory reviews Monitoring and resolving intercompany breaks and ensuring balance sheet substantiation Support for legal entity forecasting

Regulatory /Tax Reporting Support

Support of Centralized Regulatory Reporting team in reporting to FRB/OCC etc. by preparation of data and submission schedules Support of local regulatory reporting to PRA/FCA/CBI/ECB etc. by provision of general ledger data Provision of data to support local and US tax reporting for direct, indirect and transfer pricing

Finance Liaison and Change

Build relationships across CFO teams including LOB Finance CFOs, Treasury, Liquidity and Tax to understand and resolve accounting and reporting issues. Support change agenda across group and ensure processes are efficient, consistent and sustainable, making best use of technology Supporting GFC and enterprise Operational Excellence initiatives

Requirements

  • Education – Chartered Accountant
  • Experience Range – Minimum 8 years of experience in Finance, accounting and regulatory reporting preferably in Banking Industry

Mandatory Skills

  • Legal Entity control and reporting experience in a financial services business
  • Organized and able to work on multiple tasks with appropriate supervision
  • Dynamic, high energy, solid work ethic, willing to take on new initiatives some of which may initially lack definition
  • Problem solving; curiosity; ability to think laterally and identify several possible solutions to problems
  • Able to excel and influence 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 a 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
  • Proficient in the use of Excel, Word and MS Access

Desired skills                                                                                                                                                     

  • Strong computer skills (advanced excel and macro/access) and Oracle/SAP experiences are preferred
  • Exposure to Emerging technologies like Alteryx, Tableau, UI Path, etc

Requirements:

Education : Graduate

Experience : 8-10 years

Work Timings* 12:30 pm to 09:30 PM IST (Flexible on month end)

Job Location* Gurugram

Learn more about this role

Full time

JR-20008922

Manages People: No

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
Infospace, Gurugram, 122016