Legal Entity Controller

Job Description:

Job Title: Legal Entity Controller  

Corporate Title: Assistant Vice President

Location:  Saudi Arabia  

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Role Description:

A new opportunity has become available for a Legal Entity Controller to join the Finance team based in Saudi Arabia. The Saudi Finance manager is a CMA registered role and is supported by the Finance team in the UAE. This is a financial control role with elements of product control (Equities) along with regulatory and financial reporting and tax compliance. You will also take ownership for all Finance related issues relating to MLKSA and will work within the MENA finance team as a whole to develop knowledge share and provide appropriate levels of cover.

Responsibilities:

• Preparing month end close Journals in Oracle Cloud General Ledger

• Preparing monthly commentary on BS and PL variances for both local IFRS reporting and US GAAP

• Preparing MLKSA’s CMA Prudential Returns

• Preparation of Financial Statements, working with Accounting Policy, presenting to the MLKSA Board.

• Support internal and external audits

• Review of Trading PL, including reconciliation to GL, sign offs in the PL control tool, and proactive resolution of breaks

• Obtaining Vendor Management approval on engagement letters

• VAT, WHT & CIT Compliance. Including leading tax inspections and appeals, e-Invoicing and Contracts Information Filing

• Completing and evidencing controls the monthly Supervisory Review

• Update and maintain Finance procedures and Intercompany agreements

What we are looking for:

• Saudi national

• Qualified Accountant

• Excellent Excel skills

• Proven finance/management accounting experience

• Fluency in English and Arabic is essential

• Previous experience within a CMA regulated firm

• Training with a major public accounting firm would be an advantage

Bank of America

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.