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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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.

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.

Job Description.

The role involves accounting, month end close, local and regional (US and EMEA) regulatory reporting and US fed & SEC reporting support, management of financial close, accounting, driving change and operational excellence initiatives.

Responsibilities.

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

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, resolution of intercompany breaks, regulatory reporting, management reporting, variance analysis, local GAAP reporting, close period tech & other issue management, close calls and tracking open items, sending close updates to stakeholders.
Support monthly US GAAP financial close and BAC subsidiary governance processes

Prepare US GAAP and Local GAAP (IFRS) general ledger entries
Partner with Treasury, Product Finance, and Line of Business teams to investigate product-specific balance sheet, P&L, and regulatory reporting issues
Review product lifecycle events, accounting treatments, and reconciliations to ensure accurate financial and regulatory reporting
Analyse 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
Analyse and understand legal entity general ledger balances. Get deeper understanding of key drivers of P&L and balance sheet to identify and correct anomalies
Prepare monthly board packs & other governance materials relating to financial reporting
Understand and manage FX process maps and governance around hedging
Support for legal entity forecasting

Support process walkthroughs and internal and external audit liaison
Ensure monitoring and resolution of intercompany breaks and balance sheet substantiation

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 to implement the ideas
Ensure adherence to Process & Governance routines
Timely response of external & internal queries
Ensure adherence to Process Documents including regular updating and execution
Preferably an expert on ET tools

Requirements.

Education.

Chartered Accountant / CPA

Certifications like IFRS Diploma, Regulatory Reporting etc.

Experience Range.

Minimum 2-3 years of post-qualification experience in Controllership - Finance, Accounting and Regulatory reporting preferably in Banking Industry

Foundational skills.

Legal entity control and reporting experience in a financial services business preferably in the banking industry
Strong understanding of banking products with the ability to assess their accounting, financial reporting, regulatory reporting, and balance sheet impacts
Good understanding of banking product flows across Consumer Banking, Wealth Management, Commercial Banking, and Treasury functions
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
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
Flexibility and good negotiations skills
Able to excel and work effectively in a cross-functional team structure
Proficient in the use of Excel, Word and MS Access

Desired skills

Handson experience using Microsoft 365 Copilot or equivalent generative AI tools to accelerate writing, analysis, and presentation of business deliverables
Ability to frame effective prompts to generate accurate, relevant, and reusable AI outputs
Experience leveraging AI for data analysis and insight generation, including variance analysis, trend identification, and preparation of executiveready summaries

Exposure to Emerging technologies like Alteryx, Tableau, UI Path, etc.

Experience in Oracle/SAP is preferred

Ability to perform product-level variance analysis and explain key drivers impacting financial and regulatory reporting.
Exposure to multiple banking product lines such as Deposits, Credit Cards, Commercial Lending, Wealth Management, and Investment Products.

Sound judgment and risk awareness, including the application of appropriate checks, controls, and human review when leveraging tools, data, or automated outputs
Ownership and accountability for endtoend outcomes, quality, and timelines, with proactive escalation of risks and issues
Problemsolving mindset, with the ability to analyze complex issues, apply sound judgment, and propose practical solutions in ambiguous or evolving situations
Learning agility and change readiness, with comfort in adapting to new tools, processes, and ways of working, including effective use of AIenabled tools where relevant
Strong collaboration and executivelevel communication skills, with the ability to work effectively across teams, functions, and geographies using clear, concise, and professional communication
Regulatory reportingexperience in US & EMEA Regulatory reporting.

Work Timings.

9 hours shift between 07:30 am to 10:30 pm IST depending on the region supported (US/EMEA/APAC). Need to be flexible on month end.

Job Location.

Mumbai

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