Job Description

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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 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.

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The role involves managing Tax documentation, running internal governance processes and handling TTP calculations and bookings. Also in evolving environment the individual would be required to be part of global projects for efficiency and drive operational excellence.

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 and driving change.

Responsibilities*

Responsible for legal entity financial control, includes but not limited to:

• Pulling related party transaction matrix including intercompany transaction listing, identifying the amounts and method applied;
• Pulling other relevant data centrally such as headcount, organisational chart; internal benchmarking support, etc.;
• Managing Tax Provision calculations, preparation of Tax returns preparation/review and overall governance around it for multiple geographies
• Project management with EY for timeline completion of TP reports including query resolution and data provision;
• Monitors internal governance processes which includes quarterly survey, attestations and review of completeness of necessary documentations;
• Manage transfer pricing Cost plus calculations, bookings and posting, along with following proper protocols and maintaining necessary documentation trails;
• Engage with various stakeholders on global and regional projects to attain operational excellence
• Management of audit issues; process and control upgrades; internal and external audit liaison; and leading supervisory review conversations

Finance Liaison and Change

• Build relationships across CFO teams including LOB Finance CFOs, Treasury, Liquidity and Tax to understand and resolve accounting and reporting issues
• Support change agenda across group and ensure processes are efficient, consistent and sustainable, making best use of technology
• Supporting GFC and enterprise Operational Excellence initiatives

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*

• High level understanding of Tax regulations for APAC region and basic understanding of OECD guidelines
• Strong people leadership experience with an ability to lead from the front (varies from role to role, if applicable)
• Dynamic, high energy, solid work ethic, willing to take on new defined and undefined initiatives
• Ability to think laterally and identify possible solutions to problems
• Able to excel and influence in a cross-functional team structure
• 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
• Self-motivated and independent having an excellent 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
• High level of ownership and attention to detail
• Ability to apply sound judgment, provide effective challenge and display confidence to challenge
• Ability to self-manage and prioritize, pursue goals and consistently deliver results
• Ability to apply sound judgment, provide effective challenge and display confidence to challenge
• Ability to self-manage and prioritize, pursue goals and consistently deliver results
• Flexibility and good negotiations skills
• Proficient in the use of Excel, Word, Powerpoint and MS Access
• Exposure to Emerging technologies like Alteryx, Tableau, UiPath, etc
• Driving innovation and transformation in finance

Desired skills

• Oracle/SAP experiences are preferred

Work Timings*

07:30 AM to 21:30 PM (9 hours shift , may require to stretch during close period)

Job Location*

Mumbai/Gurgaon