Job Description:
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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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!
Job Description:
The primary responsibility is developing and maintaining the company's accounting policies and procedures for regulatory and financial reporting. The primary focus of the job will be on interpreting the regulatory reporting requirements. The Accounting Policy Manager will report to the Head of Accounting Policy and will be responsible for guiding the application of accounting and regulatory reporting rules for the company. This position is a high-visibility role that will work with all levels of management, members of the business and company's external auditor.
Line of Business Job Description:
This is a senior-level role in Accounting Policy, a team that is responsible for staying abreast of regulatory and accounting rules and providing interpretive guidance to report owners and line of business personnel. The role is also responsible for researching and analyzing technical accounting and regulatory rules, documenting and communicating key conclusions to stakeholders. This person will also interact with the Chief Accounting Officer, Corporate Controller and other Senior Executives.
Responsibilities:
This role will partner with other Accounting Policy professionals to perform and document technical research and provide interpretive guidance on existing and emerging regulatory rules and accounting standards. Additionally, the role reviews new products and complex transactions for compliance with GAAP and regulatory reporting regulations. This role will also be expected to maintain advanced knowledge of GAAP, regulatory requirements and lead in-house training sessions. As a senior member of the Accounting Policy group, this role will advocate on behalf of the bank with accounting standard setters, regulators and various industry organizations.
Required Qualifications:
- Minimum of 10+ years of experience and a distinguished record of performance as an accounting profession including progressive leadership roles at a major diversified financial institution.
- Bachelor's degree or equivalent work experience
- Extensive experience with Generally Accepted Accounting Principles (GAAP)
- Ability to understand and dissect complex transactions.
- Extensive experience and knowledge of US regulatory reporting requirements within the banking and financial services industry.
- Effective, high energy business partner with the ability to influence, collaborate, and work across the organization, with the CFO, CAO, controllers, treasury, tax and other finance leaders.
- Proven experience to work across teams within the organization to implement accounting standards and lead projects.
- Strong communication skills including written and oral presentation skills with an ability to interact at different levels of the organization.
- Excellent time management and organization skills
Desired Qualifications:
- CPA or Masters in Accounting or MBA
- Regulatory and Accounting Policy experience for a large financial institution
- Experience with a major public accounting firm
Skills:
- Data and Trend Analysis
- Financial Accounting
- Interpret Relevant Laws, Rules, and Regulations
- Regulatory Compliance
- Risk Management
- Attention to Detail
- Continuous Improvement
- Financial Analysis
- Project Management
- Reporting
- Analytical & Critical Thinking
- Regulatory/Technical Accounting research and analysis
Shift:
1st shift (United States of America)
Hours Per Week:
40