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Manager

Gurugram, , India;

Job Description:

Overview (Bank overview, GBS India overview, Function 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 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*

Global Financial Control India (GFC India) 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 Legal Entity Controllership functions, Regulatory Reporting, General Accounting & Reconciliations, Operational Risk and Control Oversight, Finance Systems Support and Management, Treasury and Consumer support and Tax Accounting and Control.

The Financial and Regulatory Reporting Control Oversight team within GFC India is responsible for providing oversight and governance over Internal Control over Financial Reporting and other key Regulatory reports to ensure appropriately designed internal controls exist and that the financial reports are materially complete and accurate.  This team also facilitates the quarterly attestation of these reports by senior executives.  The Team helps execute the framework of enterprise-wide compliance with the requirements of Sarbanes Oxley Act (SOX) of 2002.

Job Description*

The Team Member will play a key role in the execution of Bank of America’s Financial and Regulatory Reporting Control Oversight (FRRCO) Program.  This Program is focused on (1) supporting enterprise-wide SOX Compliance efforts including ensuring financial reporting risk is managed in accordance with applicable SEC Regulations and (2) Supporting CFO’s attestation of key regulatory reports. 

The position will work closely with the US based Teams to execute the enterprise-wide framework, methodology, procedures, guidelines for SOX compliance and regulatory reports attestation, including activities supporting quarterly and annual CEO / CFO attestations.  This position will interact with various levels of management, drive process improvements, and gain exposure to a wide variety of the Company’s businesses. 

Responsibilities*

• Assist in executing various SOX initiatives including issue reviews and deficiency assessment, SOX third party reviews, SOX walkthroughs to support test of design effectiveness, SOX scoping, prepare SOX attestation packages, etc

• Support CFO’s attestation of key regulatory reports – includes maintaining the Process, Risk and Control inventory, reviewing and assessing issues associated with these reports, preparing attestation packages for senior executives’ attestation

• Advises and assists stakeholders comply with requirements

• Coordinates stakeholder deliverables and calendars

• Supports tools for PRC (e.g. ECAP)

• Prepares reporting on program status and metrics

• Liaise and work closely with various business partners to drive and manage change and process improvements

• Support other team members in maintaining high quality standards of documentation

Requirements

 Education*

Chartered Accountant or CPA designation / Master's degree or equivalent in Accounting and/or Finance

Certifications If Any

Experience Range*

6+ years post qualification experience

 Foundational skills*

• Understanding and experience of assessing Process Risk and Internal Controls

• Review and understand business processes and provide internal control recommendations

• A good understanding of accounting and internal control fundamentals

• Ability to review and analyze information and draw conclusions

• Effective communication, both written and verbal

• Good presentation skills

• Ability to engage with management at various levels regarding internal controls, compliance & risk management and accounting

• Track record of effectively driving results in a matrixed environment

 Desired skills

• Experience with Financial services industry experience preferred

• Understanding of Internal / External audit

• Knowledge of SOX compliance and awareness of legal, regulatory and industry requirements, will be an added advantage

• Effective team work and collaboration

• Ability to speak up and hold senior stakeholders accountable

• Attention to detail and commitment to meet timelines

Work Timings*

11:30 am to 8:30 pm

Job Location*

Gurugram / Mumbai

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 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 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*

Global Financial Control India (GFC India) 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 Legal Entity Controllership functions, Regulatory Reporting, General Accounting & Reconciliations, Operational Risk and Control Oversight, Finance Systems Support and Management, Treasury and Consumer support and Tax Accounting and Control.

The Financial and Regulatory Reporting Control Oversight team within GFC India is responsible for providing oversight and governance over Internal Control over Financial Reporting and other key Regulatory reports to ensure appropriately designed internal controls exist and that the financial reports are materially complete and accurate.  This team also facilitates the quarterly attestation of these reports by senior executives.  The Team helps execute the framework of enterprise-wide compliance with the requirements of Sarbanes Oxley Act (SOX) of 2002.

Job Description*

The Team Member will play a key role in the execution of Bank of America’s Financial and Regulatory Reporting Control Oversight (FRRCO) Program.  This Program is focused on (1) supporting enterprise-wide SOX Compliance efforts including ensuring financial reporting risk is managed in accordance with applicable SEC Regulations and (2) Supporting CFO’s attestation of key regulatory reports. 

The position will work closely with the US based Teams to execute the enterprise-wide framework, methodology, procedures, guidelines for SOX compliance and regulatory reports attestation, including activities supporting quarterly and annual CEO / CFO attestations.  This position will interact with various levels of management, drive process improvements, and gain exposure to a wide variety of the Company’s businesses. 

Responsibilities*

• Assist in executing various SOX initiatives including issue reviews and deficiency assessment, SOX third party reviews, SOX walkthroughs to support test of design effectiveness, SOX scoping, prepare SOX attestation packages, etc

• Support CFO’s attestation of key regulatory reports – includes maintaining the Process, Risk and Control inventory, reviewing and assessing issues associated with these reports, preparing attestation packages for senior executives’ attestation

• Advises and assists stakeholders comply with requirements

• Coordinates stakeholder deliverables and calendars

• Supports tools for PRC (e.g. ECAP)

• Prepares reporting on program status and metrics

• Liaise and work closely with various business partners to drive and manage change and process improvements

• Support other team members in maintaining high quality standards of documentation

Requirements

 Education*

Chartered Accountant or CPA designation / Master's degree or equivalent in Accounting and/or Finance

Certifications If Any

Experience Range*

6+ years post qualification experience

 Foundational skills*

• Understanding and experience of assessing Process Risk and Internal Controls

• Review and understand business processes and provide internal control recommendations

• A good understanding of accounting and internal control fundamentals

• Ability to review and analyze information and draw conclusions

• Effective communication, both written and verbal

• Good presentation skills

• Ability to engage with management at various levels regarding internal controls, compliance & risk management and accounting

• Track record of effectively driving results in a matrixed environment

 Desired skills

• Experience with Financial services industry experience preferred

• Understanding of Internal / External audit

• Knowledge of SOX compliance and awareness of legal, regulatory and industry requirements, will be an added advantage

• Effective team work and collaboration

• Ability to speak up and hold senior stakeholders accountable

• Attention to detail and commitment to meet timelines

Work Timings*

11:30 am to 8:30 pm

Job Location*

Gurugram / Mumbai

Learn more about this role

Full time

JR-21084825

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Rajani Naveen

Referral Bonus:

0