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Country Controller – Ireland

Dublin, , Ireland

Job Description:

Job Title: County Controller – Ireland

LOB: The CFO Group

Corporate Title: Vice President  

Location: Dublin

The Country Controller – Ireland  will engage and support the  finance function for Ireland which includes functions that prepare, record and report actual and forecasted financial results, and statutory, financial, regulatory and liquidity reporting.

The Country Controller – Ireland will work very closely with the teams who support the financial and management reporting for the Irish entities including BofA Europe and in particular with both the offshore legal entity Controller team as well as Bank of America’s Credit Risk Data Allowance and Reporting team who support the CECL and IFRS9 credit impairment calculations and reporting. Further they will assist with Finance aspects of the development and documentation of the Strategic Plan, profitability analysis and forecasting, as well as financial reporting. They will also liaise with the teams who deliver financial regulatory reporting (including COREP, FINREP and AnaCredit) as well as the entity specific Recovery & Resolution Plan and entity specific ICAAP, ILAAP and ECB Stress Tests.

The individual in this role will help establish and maintain an effective control environment within CFO, ensuring consistent quality of activities, processes and outputs in particular over the impairment allowance processes and the required interaction with various elements of regulatory reporting, and the Finance aspects of the Strategic Planning and forecasting processes.

The Country Controller – Ireland will also assist and work very closely with the BofA Europe DAC and Ireland Controller as well as the BofA Europe DAC and Ireland CFO in aspects of financial governance and control for the Irish entities including BofA Europe.

Due to the profile of the role, demonstrating success in this role will lead to opportunities to organise and drive a broad range of CFO strategic initiatives as they arise and be engaged in projects across the CFO group in Ireland.

Overview of the Role:

  • To work closely and support the BofA Europe and Ireland Controller in delivering appropriate financial governance and control for the Irish legal entities in the group

  • Primary responsibilities will include:

  • Developing an understanding of the CECL and IFRS9 Credit Impairment calculation and reporting processes, and ensuring that these remain well controlled, meet ongoing regulatory expectations, and are appropriately reflected and reported by both internal management reporting, regulatory reporting and external financial reporting. This will require close working relationships with both US allowance teams and local Risk, Regulatory Reporting and Legal Entity Controller teams.

  • Lead Finance support for the annual Strategic Planning process for the Irish entities, as well as forecasting and entity profitability analysis and projects.

  • Help support local legal entity reporting requirements to meet management and board reporting needs working with both Financial Planning and Analysis, and Legal Entity Controller teams.

  • Assist in supporting efforts to ensure that consistent and controlled data is used across the CFO reporting, including internal, regulatory and external financial.

  • Support Finance aspects of entity specific Recovery & Resolution Plan and entity specific ICAAP, ILAAP and ECB Stress Tests as required

  • Ensure an appropriate internal control environment is established and is operating effectively within areas of responsibility

  • Ensure appropriate escalation of issues arising and raise Self-identified Audit Issues (SIAIs) as required.

  • Continuously improve and enhance the financial control environment, demonstrating an ability to identify areas for improvement

  • Support efforts to drive Operational Excellence initiatives across Finance and the wider CFO function in Ireland

  • Work closely with the Controller in managing deliverables, both routine and ad hoc, and including those required by the regulators

  • Develop an understanding and awareness of businesses of BofA Europe and other Irish entities in the group and the supporting infrastructure.

  • Develop an understanding of the processes and controls operated in the production of the annual financial statements. Including an understanding of local GAAP reporting requirements and assist in interaction with the external auditors who are new for YE2021

  • Help to drive and reinforce to rest to team through own actions best practice in Culture and Conduct, D&I and other employee engagement across the BofA Europe and Ireland CFO team.

  • Build relationships with key stakeholders both within CFO, within other Lines of Business and Enterprise Support functions in Dublin and other locations.

The Team:

The individual will get to join the UK FICC GCOR team in London and be one of the experienced members of the team. The overall team will consist of 13 team members (once all open headcount hired). The team also work closely with the Electronic Trading GCOR team and Surveillance Strategy GCOR team in the region.

Qualifications:

  • A graduate degree preferably in accounting, finance or business

  • Some Finance/management accounting  or reporting experience gained working within or with a regulated financial services institution, preferably within a global bank or investment bank would be preferred

  • Qualified accountants (ACA, CIMA, ACCA, or equivalent) will be preferred for this role

  • Fluency in English is essential

Skills:

  • Confident verbal and written communications skills

  • Proficient in Microsoft Word and Excel

  • Ability to organise cross functional groups together in a structured manner to achieve management objectives

Competencies:

  • Effective Finance Change Manager

  • Able to demonstrate ability to prioritise effectively and multi task

  • Track record of delivery

  • Demonstrable accounting knowledge

  • Team player

  • Must be proactive and show initiative

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Job Band:

H5

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: County Controller – Ireland

LOB: The CFO Group

Corporate Title: Vice President  

Location: Dublin

The Country Controller – Ireland  will engage and support the  finance function for Ireland which includes functions that prepare, record and report actual and forecasted financial results, and statutory, financial, regulatory and liquidity reporting.

The Country Controller – Ireland will work very closely with the teams who support the financial and management reporting for the Irish entities including BofA Europe and in particular with both the offshore legal entity Controller team as well as Bank of America’s Credit Risk Data Allowance and Reporting team who support the CECL and IFRS9 credit impairment calculations and reporting. Further they will assist with Finance aspects of the development and documentation of the Strategic Plan, profitability analysis and forecasting, as well as financial reporting. They will also liaise with the teams who deliver financial regulatory reporting (including COREP, FINREP and AnaCredit) as well as the entity specific Recovery & Resolution Plan and entity specific ICAAP, ILAAP and ECB Stress Tests.

The individual in this role will help establish and maintain an effective control environment within CFO, ensuring consistent quality of activities, processes and outputs in particular over the impairment allowance processes and the required interaction with various elements of regulatory reporting, and the Finance aspects of the Strategic Planning and forecasting processes.

The Country Controller – Ireland will also assist and work very closely with the BofA Europe DAC and Ireland Controller as well as the BofA Europe DAC and Ireland CFO in aspects of financial governance and control for the Irish entities including BofA Europe.

Due to the profile of the role, demonstrating success in this role will lead to opportunities to organise and drive a broad range of CFO strategic initiatives as they arise and be engaged in projects across the CFO group in Ireland.

Overview of the Role:

  • To work closely and support the BofA Europe and Ireland Controller in delivering appropriate financial governance and control for the Irish legal entities in the group

  • Primary responsibilities will include:

  • Developing an understanding of the CECL and IFRS9 Credit Impairment calculation and reporting processes, and ensuring that these remain well controlled, meet ongoing regulatory expectations, and are appropriately reflected and reported by both internal management reporting, regulatory reporting and external financial reporting. This will require close working relationships with both US allowance teams and local Risk, Regulatory Reporting and Legal Entity Controller teams.

  • Lead Finance support for the annual Strategic Planning process for the Irish entities, as well as forecasting and entity profitability analysis and projects.

  • Help support local legal entity reporting requirements to meet management and board reporting needs working with both Financial Planning and Analysis, and Legal Entity Controller teams.

  • Assist in supporting efforts to ensure that consistent and controlled data is used across the CFO reporting, including internal, regulatory and external financial.

  • Support Finance aspects of entity specific Recovery & Resolution Plan and entity specific ICAAP, ILAAP and ECB Stress Tests as required

  • Ensure an appropriate internal control environment is established and is operating effectively within areas of responsibility

  • Ensure appropriate escalation of issues arising and raise Self-identified Audit Issues (SIAIs) as required.

  • Continuously improve and enhance the financial control environment, demonstrating an ability to identify areas for improvement

  • Support efforts to drive Operational Excellence initiatives across Finance and the wider CFO function in Ireland

  • Work closely with the Controller in managing deliverables, both routine and ad hoc, and including those required by the regulators

  • Develop an understanding and awareness of businesses of BofA Europe and other Irish entities in the group and the supporting infrastructure.

  • Develop an understanding of the processes and controls operated in the production of the annual financial statements. Including an understanding of local GAAP reporting requirements and assist in interaction with the external auditors who are new for YE2021

  • Help to drive and reinforce to rest to team through own actions best practice in Culture and Conduct, D&I and other employee engagement across the BofA Europe and Ireland CFO team.

  • Build relationships with key stakeholders both within CFO, within other Lines of Business and Enterprise Support functions in Dublin and other locations.

The Team:

The individual will get to join the UK FICC GCOR team in London and be one of the experienced members of the team. The overall team will consist of 13 team members (once all open headcount hired). The team also work closely with the Electronic Trading GCOR team and Surveillance Strategy GCOR team in the region.

Qualifications:

  • A graduate degree preferably in accounting, finance or business

  • Some Finance/management accounting  or reporting experience gained working within or with a regulated financial services institution, preferably within a global bank or investment bank would be preferred

  • Qualified accountants (ACA, CIMA, ACCA, or equivalent) will be preferred for this role

  • Fluency in English is essential

Skills:

  • Confident verbal and written communications skills

  • Proficient in Microsoft Word and Excel

  • Ability to organise cross functional groups together in a structured manner to achieve management objectives

Competencies:

  • Effective Finance Change Manager

  • Able to demonstrate ability to prioritise effectively and multi task

  • Track record of delivery

  • Demonstrable accounting knowledge

  • Team player

  • Must be proactive and show initiative

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Learn more about this role

Full time

JR-21056836

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Hannah Scullion

Referral Bonus:

0

Street Address

Primary Location:
Upper Hatch St, Dublin, 2