Job Description

:About us*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. Were 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!Global Business Services*Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.Process Overview*The Global Finance - 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.*US / EMEA / APAC Legal entity controllership team is involved in accounting, month end close, local regulatory reporting and US fed reporting support. The individual will be part of a team responsible for the legal entity control activities, including external reporting, management of financial close, accounting, driving change and operational excellence, etc.Responsibilities*

• Accountable for various day to day responsibilities of the Finance function including accounting processes and reporting, month-end close, analysis and settlement of intercompany balances, 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
• Analyze and understand legal entity general ledger balances
• Support the resolution and forecasting processes
• Identify and escalate control issues, errors and efficiency opportunities
• Support ad hoc projects such as system implementation, change management
• Responsible for dealing with stakeholders across functions and hierarchy within the Bank
• Identifying improvement opportunities and leveraging resources available to implement the ideas
• Ensure adherence to Process & Governance routines
• Timely response of external & internal queries
• Ensure adherence to Process Documents including regular Updation and execution of the same

Requirements*Education*Chartered Accountant / CPACertifications like IFRS Diploma etcExperience Range*10-12 years of post-qualification experience in Regulatory reporting preferably in Banking IndustryFoundational 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

Desired skillsExposure to Emerging technologies like Alteryx, Tableau, UI Path, etcWork Timings*9 hours shift between 07:30 am to 9:30 pm IST depending on the region supported (US/EMEA/APAC). Need to be flexible on month end.Job Location*Mumbai

Bank of America