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Manager

Mumbai, , India;

Job Description:

Overview (Bank overview, GBS India overview, Function Overview)*

Bank of America Corporation (BAC) 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 (GBS) which delivers technology and operations capabilities to all 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 Centre) Global Financial Control India (GFCI) is part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business (LOBs) 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.

Job Description*

The role involves handling Tax Transfer Pricing month end accounting and reporting for various service fee types for Global Markets business.  It also involves handling disclosures for SEC purposes, reporting for Federal Reserve Bank, accounting, month end close, for GFC - LEC (Global Financial Control – Legal Entity Controller) for Global Markets business

Responsibilities*

GFC – US Manager position includes, but is not limited to the following responsibilities:

• Accounting and reporting related to Tax Transfer Pricing for various types of service fees

• SEC reporting for 10-K and 10-Q (including Fair Value of financial instruments, Derivatives and Collateral)

• Submissions for Federal Reserve Bank reporting requirements

• Liaise with stakeholders in Corporate Tax, Legal Entity Controllers, FP&A, Risk, Global Markets Finance, SEC Reporting teams

• Ensure compliance with controls (including SOX controls)

• Ensure accurate and timely submission of disclosures information

• Liaison with internal and external auditors

• Identify and escalate control issues, errors and efficiency opportunities

• Make presentations to senior management

• Support/lead ad hoc projects

Requirements*

Education*

Professional Accounting Qualification (CA/ACCA/ CPA/MBA)

Certifications If Any

Experience Range*

Minimum 8 years in finance, accounting, financial reporting

Foundational skills*

• Experience Range – 8 plus years in finance, accounting, financial reporting

• Sound knowledge of financial products (derivatives, swaps, interest, bonds, credit, etc.) and strong accounting skills

• Excellent written and verbal communication skills

• Proficient in use of Excel

• 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

• Self motivated

• Excellent time management skills

Desired skills

• Strong computer skills and Oracle/SAP experience

• Emerging Technologies including Alteryx and Tableau

• US GAAP experience

Work Timings*

12.30PM to 9.30PM IST

Needs to be flexible to accommodate calls with stakeholders

Job Location*

Mumbai/ Gurugram

Job Band:

H6

Shift: 

Hours Per Week:

45

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Overview (Bank overview, GBS India overview, Function Overview)*

Bank of America Corporation (BAC) 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 (GBS) which delivers technology and operations capabilities to all 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 Centre) Global Financial Control India (GFCI) is part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business (LOBs) 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.

Job Description*

The role involves handling Tax Transfer Pricing month end accounting and reporting for various service fee types for Global Markets business.  It also involves handling disclosures for SEC purposes, reporting for Federal Reserve Bank, accounting, month end close, for GFC - LEC (Global Financial Control – Legal Entity Controller) for Global Markets business

Responsibilities*

GFC – US Manager position includes, but is not limited to the following responsibilities:

• Accounting and reporting related to Tax Transfer Pricing for various types of service fees

• SEC reporting for 10-K and 10-Q (including Fair Value of financial instruments, Derivatives and Collateral)

• Submissions for Federal Reserve Bank reporting requirements

• Liaise with stakeholders in Corporate Tax, Legal Entity Controllers, FP&A, Risk, Global Markets Finance, SEC Reporting teams

• Ensure compliance with controls (including SOX controls)

• Ensure accurate and timely submission of disclosures information

• Liaison with internal and external auditors

• Identify and escalate control issues, errors and efficiency opportunities

• Make presentations to senior management

• Support/lead ad hoc projects

Requirements*

Education*

Professional Accounting Qualification (CA/ACCA/ CPA/MBA)

Certifications If Any

Experience Range*

Minimum 8 years in finance, accounting, financial reporting

Foundational skills*

• Experience Range – 8 plus years in finance, accounting, financial reporting

• Sound knowledge of financial products (derivatives, swaps, interest, bonds, credit, etc.) and strong accounting skills

• Excellent written and verbal communication skills

• Proficient in use of Excel

• 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

• Self motivated

• Excellent time management skills

Desired skills

• Strong computer skills and Oracle/SAP experience

• Emerging Technologies including Alteryx and Tableau

• US GAAP experience

Work Timings*

12.30PM to 9.30PM IST

Needs to be flexible to accommodate calls with stakeholders

Job Location*

Mumbai/ Gurugram

Learn more about this role

Full time

JR-21054126

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Shweta Madaan

Referral Bonus:

0