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Job Overview

Category

CA, CFA, CMA, MCOM/BCOM, CS

Job Role

Audit Executive

Gender preferred

No Preferences

Functional Area

Audit & Control

Work preferred

Work from Office

Qualification

Graduation

Any Graduation

Post Graduation

Any Post Graduation

Description


Job Description:



Overview (Bank overview, GBS India overview, Function Overview)*


Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.


We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.


We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.


Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.



  • BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.



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 [GBAM] Finance 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. The ideal candidate will be responsible for running and managing the controls for GBAM Admin and horizontal controls in Global Markets Finance. The role involves control reconciliations, and includes Month-end Journals, Daily PnL Sign-off, Book Maintenance activities and other Daily Control reports.



Responsibilities*



  • Ensure completeness and accuracy of Global Markets Admin Balance Sheet and P&L; oversight of items in Admin.

  • Manage FX Levelling process for in-scope SubLedger books.

  • Identify Inter-company and Intra-company breaks and drive resolution in collaboration with LOBs.

  • Daily/Monthly Manual General Ledger Postings: Reviewing and approving Manual Adjustments: The team prepares and post various manual adjustments into the General Ledger (primarily Oracle) according to individual procedures.

  • The team is responsible for signing off PnL in Sub ledger for various centralized books such as Loans, FX.

  • Maintain Book Hygiene (Opening/ Closing, SubLedger Mapping): The team is responsible for setting / editing / closing books in various trading / sub ledger systems.

  • Control Reports: ACG produce daily control reports. Ensure consistent accuracy and timeliness of delivery.

  • Constantly review, challenge and improve the overall controls for central reconciliations that impact all other LOBs.

  • Managing audit queries, operational events, Self-identified audit issues (SIAI) etc.,



Requirements*



Education*


Accounting/Finance Degree (preferably CA/MBA/CFA or Equivalent Post Graduate in Accounting/Finance


Certifications If Any


Advanced education and/or enhanced technical qualifications are a plus



Experience Range*


8 to 10 years with at least 6+ years’ experience in a Controllership role.



Foundational skills*



  • Strong knowledge of Financial products across Securities and Derivatives.

  • Strong Accounting skills and good understanding of central General Ledger controls and processes.

  • Experience in a Controllership role with exposure to Sub-Ledger and FX Levelling processes, Inter-company break identification and resolution.

  • Self-Learner and be able to perform in-depth analysis to identify issues and provide resolutions.

  • Self-organizing and a motivated individual who can challenge the status quo. Be able to connect the dots and escalate open risks in an appropriate and timely manner.

  • Experience in handling large amount of data to arrive at meaningful analysis and decision making.



Desired skills



  • Knowledge on emerging technologies eg Alteryx/Tableau will be an added advantage.

  • Experience in preparing and maintaining accounting schema for Global Markets trading books.



Work Timings*


12 PM to 9 PM



Job Location*


Gurugram



Job Band:

H5


Shift:



Hours Per Week:

45


Weekly Schedule:



Referral Bonus Amount:

0

Skills

innovationBankingFinanceAccountingFXCAMBACFADerivativesTableau

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