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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Job Description:
This senior level position within Bank of America's accounting policy group will be responsible for conducting technical accounting research and providing guidance across multiple lines of business, primarily for the company's Global Markets segment. The Senior Manager will report and also partner with the Head of Accounting Policy to manage the accounting policy group's process, procedures and strategies. This position is a high-visibility role that will communicate with all levels of management, members of the business and company's external auditor.
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 15+ 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:
- Regulatory/Technical Accounting research and analysis
- Financial Accounting
- Interpret Relevant Laws, Rules, and Regulations
- Risk Management
- Analytical and Critical Thinking
- Oral Communications
- Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40