Job Description
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 is part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business 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 accounting, month end close, regulatory reporting and US fed reporting support for LEC. The individual will be part of a team responsible for the legal entity control activities, including external reporting, management of financial close, supporting certain aspects of regulatory reporting, driving change and operational excellence
Responsibilities
• Accountable for various day to day responsibilities of the Finance function including regulatory reporting for entities, management reporting and variance analysis, local GAAP reporting
• Analyze monthly financial results and prepare internal management reports
• Prepare data submissions for regulatory reporting groups for US GAAP consolidation
• Assist with the preparation of stand-alone external reports
• Identify and escalate control issues, errors and efficiency opportunities
• Work extensively on ET space
• Support ad hoc projects such as system implementation, change management
Requirements
Education
Chartered Accountant
Certifications If Any
Experience Range
Minimum 10 years of post-qualification experience in Controllership - Finance, Accounting and Regulatory reporting preferably in Banking Industry
Foundational skills
• Legal entity control and reporting experience in a financial services business preferably in banking industry
• Good understanding of line of businesses in banking
• Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint
• Driven to learn and develop new skills
• Dynamic, high energy, solid work ethic, willing to take on new initiatives
• 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
• Able to excel and influence in a cross-functional team structure
• Proficient in the use of Excel, Word and MS Access
• Exposure to Emerging technologies like Alteryx, Tableau, UiPath, etc
Desired Skills
• Oracle/SAP experiences are preferred
Work Timings
Window 07:30 AM to 21:30 PM (+ hours shift ,may require stretch during close period)
Job Location
Mumbai/GGM
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 is part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business 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 accounting, month end close, regulatory reporting and US fed reporting support for LEC. The individual will be part of a team responsible for the legal entity control activities, including external reporting, management of financial close, supporting certain aspects of regulatory reporting, driving change and operational excellence
Responsibilities
• Accountable for various day to day responsibilities of the Finance function including regulatory reporting for entities, management reporting and variance analysis, local GAAP reporting
• Analyze monthly financial results and prepare internal management reports
• Prepare data submissions for regulatory reporting groups for US GAAP consolidation
• Assist with the preparation of stand-alone external reports
• Identify and escalate control issues, errors and efficiency opportunities
• Work extensively on ET space
• Support ad hoc projects such as system implementation, change management
Requirements
Education
Chartered Accountant
Certifications If Any
Experience Range
Minimum 10 years of post-qualification experience in Controllership - Finance, Accounting and Regulatory reporting preferably in Banking Industry
Foundational skills
• Legal entity control and reporting experience in a financial services business preferably in banking industry
• Good understanding of line of businesses in banking
• Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint
• Driven to learn and develop new skills
• Dynamic, high energy, solid work ethic, willing to take on new initiatives
• 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
• Able to excel and influence in a cross-functional team structure
• Proficient in the use of Excel, Word and MS Access
• Exposure to Emerging technologies like Alteryx, Tableau, UiPath, etc
Desired Skills
• Oracle/SAP experiences are preferred
Work Timings
Window 07:30 AM to 21:30 PM (+ hours shift ,may require stretch during close period)
Job Location
Mumbai/GGM
💡 Quick Summary
Seeking a career-building opportunity? The Senior Manager position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
