Team Leader

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. 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.

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

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 the global delivery footprint of the bank's Global Financial Control function within the Chief Financial Officer group and is responsible for multiple functions including U.S. and Regional Legal Entity Controllership, Regulatory Reporting, Balance Sheet Reconciliations, Tax Accounting & Compliance, Treasury, Operational Risk & Controls Oversight, Finance Change, Production Services and Data Management.

In short, our focus is to get the numbers right and to work in support of the company's goals, most importantly responsible growth.

Job Description*

The role involves reporting, analysis, accounting, data validation and liaising with various stakeholders.

Responsibilities*

Finance analyst position responsibilities will include any of the following:

• Responsible for various day to day accounting processes, financial analysis, financial and management reporting
• Accountable for application of financial principles, ability to read and comprehend financial reports and conduct & conclude analysis.
• Responsible for data dictionaries/conformance to instructions and /or preparation of various regulatory reports, documentation, interpretation and communication of regulatory reporting requirements
• Perform Legal Entity tax forecasts; review tax journal entries, tax account analysis and annual tax expense true-up & variance explanations.
• Performing reconciliations of Balance Sheet accounts adhering to Account Reconciliation Policy (ARP) and Account Reconciliation Standards (ARS); investigate & report out any breaks.
• Supporting in systems Implementation and enhancements
• Responsible for executing changes to finance systems and ensuring all financial accounting & reporting systems and applications are operating smoothly from a functional perspective.
• Ensuring adherence to financial data standards and quality of data
• Support risk management, controls & compliance processes including risk performance monitoring & tracking, controls validation & reviews, SOX compliance, regulatory reports testing & attestation and reconciliation reviews.
• Project work related to process improvement and automation of processes.
• Supporting in project management and various team initiatives
• Data collation and liaising with various stakeholders.
• Stakeholder dealing, liaising with various teams.

Requirements*

Education*

Chartered Accountant (CA) with 0 -2 years of experience

Certifications If Any NA

Experience Range*

0-2 years

Foundational skills*

• Basic working knowledge of reporting, analysis, accounting and various finance functions
• Ability to understand the financial statements
• Fundamental understanding of risk management and internal controls
• Excellent written and verbal communication skills.
• Ability to effectively manage multiple priorities.
• Able to work in a fast-paced environment.
• Proficient in the use of Excel, Word and PowerPoint
• Ability to assimilate large amounts of information quickly and to understand complex methodologies and issues.
• Highly motivated, able to work independently, self-starter; and problem/solving/analytical.

Desired skills

• Knowledge of US GAAP accounting standards
• Good knowledge of financial / banking products (derivatives, swaps, interest, bonds, credit, etc.)
• Working knowledge of Oracle/SAP, SQL, Tableau, Alteryx, SharePoint would be preferred.

Work Timings*

Between 7:00 AM – 10:30 PM (Standard shift is 9 hrs, expectation to stretch during critical activity periods like Month Close)

Job Location*

Mumbai