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.
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.
Controller Group has overall responsibility for the Legal Entity Financial Control and reporting for the Bank of America entities and branches. 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.
Legal Entity Financial Control
Responsible for legal entity financial control for Bank of America entities including:
Support for monthly US GAAP financial close and BAC subsidiary governance processes Reviewing US GAAP and Local GAAP general ledger entries Preparation of monthly board and other governance materials relating to financial reporting Generating deeper understanding into key drivers of P&L and balance sheet and identifying and correcting anomalies Preparation of Annual audited financial statements Management of audit issues; process and control upgrades; internal and external audit liaison; and leading supervisory review conversations Ensuring monitoring and resolution of intercompany breaks and ensuring balance sheet substantiation Determining local GAAP accounting treatments and ensuring appropriate bookings made 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
11:30 AM to 08:30 PM IST (Flexible on month end)
Job Location* Gurugram
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