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Senior 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*

The Global Banking and Markets [GBAM] Finance seeks to provide first-class support service to its various internal clients with a particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the Accounting Control Group (ACG) function of GBAM Finance.

Job Description*

Global Markets Middle Office delivers control functions responsible for providing assurance over data and processes used to record risk, P/L, balance sheet and financial results in support of Global Markets. Person will be responsible for reviewing and managing the Month-end Journal, Daily PnL Sign-off, Book Maintenance activities and some of the daily control reports.

Responsibilities*

• Daily/Monthly Manual General Ledger Topside: Reviewing and approving Manual Adjustments: The team prepares and post various manual adjustments into the General Ledger (primarily Oracle) according to individual procedures

• Control Reports: Gurgaon Core ACG produce certain daily control reports according to individual procedures.  The output of these control reports is various status and exceptions reports which are either published through email or saved onto a SharePoint or network location.

• Mailbox Activities: The team is responsible for setting / editing / closing books in various trading / sub ledger systems such as Finman, EBAR, Vienna, etc.

• PnL Sign off: The team is responsible for signing off PnL in Sub ledger for various centralized books such as Loan, FX etc.

• Managing audit queries, operational events, Self-identified audit issues (SIAI) and adhocs as and when it comes in the process.

Requirement*

 Education*

• Accounting/Finance Degree (preferably CA/CFA/CWA/MBA or Equivalent Post Graduate in Accounting/Finance)

 Certifications If Any

Experience Range*

• A minimum of 8-10 years of experience in P&L Sign-offs, Accounting, Reporting & Book Maintenance Activities

 Foundational skills*

• Good Accounting Skills and experience in closing and reporting roles

• Strong technical skills including experience using MS Excel (essential). Experience handling large amount of data is required

Desired skills

• Knowledge on emerging technologies eg Alteryx/Tableau will be an added advantage.

Work Timings*

11:30 AM to 8:30 PM

Job Location*

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 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*

The Global Banking and Markets [GBAM] Finance seeks to provide first-class support service to its various internal clients with a particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the Accounting Control Group (ACG) function of GBAM Finance.

Job Description*

Global Markets Middle Office delivers control functions responsible for providing assurance over data and processes used to record risk, P/L, balance sheet and financial results in support of Global Markets. Person will be responsible for reviewing and managing the Month-end Journal, Daily PnL Sign-off, Book Maintenance activities and some of the daily control reports.

Responsibilities*

• Daily/Monthly Manual General Ledger Topside: Reviewing and approving Manual Adjustments: The team prepares and post various manual adjustments into the General Ledger (primarily Oracle) according to individual procedures

• Control Reports: Gurgaon Core ACG produce certain daily control reports according to individual procedures.  The output of these control reports is various status and exceptions reports which are either published through email or saved onto a SharePoint or network location.

• Mailbox Activities: The team is responsible for setting / editing / closing books in various trading / sub ledger systems such as Finman, EBAR, Vienna, etc.

• PnL Sign off: The team is responsible for signing off PnL in Sub ledger for various centralized books such as Loan, FX etc.

• Managing audit queries, operational events, Self-identified audit issues (SIAI) and adhocs as and when it comes in the process.

Requirement*

 Education*

• Accounting/Finance Degree (preferably CA/CFA/CWA/MBA or Equivalent Post Graduate in Accounting/Finance)

 Certifications If Any

Experience Range*

• A minimum of 8-10 years of experience in P&L Sign-offs, Accounting, Reporting & Book Maintenance Activities

 Foundational skills*

• Good Accounting Skills and experience in closing and reporting roles

• Strong technical skills including experience using MS Excel (essential). Experience handling large amount of data is required

Desired skills

• Knowledge on emerging technologies eg Alteryx/Tableau will be an added advantage.

Work Timings*

11:30 AM to 8:30 PM

Job Location*

Gurugram

Learn more about this role

Full time

JR-22039953

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Rajani Naveen

Referral Bonus:

0