Job Description:
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.
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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 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 Month-end Journal, Daily PnL Sign-off, Book Maintenance activities and some of the daily control reports.
Responsibilities
• Daily/Monthly Manual General Ledger Topside: preparing/posting topside and compiling supporting Manual Adjustments: The team prepares and post various manual adjustments into the General Ledger (primarily Oracle) according to individual procedures
• Control Reports: ACG team 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.
Requirements
Education
• Accounting/Finance Degree (preferably CA/CFA/CWA/MBA or Equivalent Post Graduate in Accounting/Finance)
Certifications If Any
Experience Range
• A minimum of 6-8 years of experience in Legal entity Controllership, P&L Sign-offs, Reporting & Reconciliation
Foundational skills
• Good Accounting Skills and experience in Closing and Reporting roles
• Hands on Balance Sheet substantiation experience
• Strong technical skills including experience using MS Excel (essential). Experience handling large amount of data is required
Desired skills
• Alteryx/Tableau experience would be an added advantage
Work Timings
Fixed
Job Location*
Gurugram