Job Information
Bank of America Senior Operations Manager in Gurugram, India
Senior Operations Manager
Gurugram, India;Link Road Malad (West), Mumbai
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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*
The 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*
Responsible for functional delivery of key LEC responsibilities of month end ledger close, management reporting, US regulatory reporting, local regulatory reporting, annual financial statements and audit support, data dictionary, support to regulatory reporting teams, support legal entity liquidation / merger, supporting FP&A requirements, identifying NVA’s in the process and driving operational excellence, reducing risk in the overall process, ensuring proper documentation, supporting audit by internal auditors and GCOR. The individual will be part of a team responsible for the legal entity control activities including external reporting, management of financial close, regulatory reporting, driving change and operational excellence, working with different stakeholders (including senior management) across the globe.
Responsibilities*
The position includes, but is not limited to the following responsibilities:
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, regulatory reporting for entities, management reporting and variance analysis, local GAAP reporting
Analyze monthly financial results and prepare internal management reports
Prepare data submissions for regulatory reporting groups for US GAAP and LOCAL GAAP
Assist with the preparation of stand-alone external financials and engage with statutory auditors
Analyze and understand legal entity general ledger balances
Support the resolution and forecasting processes
Identify and escalate control issues, errors and efficiency opportunities
Support ad hoc projects such as system implementation, change management
Liaising with relevant controllers and responding to queries from external auditors such as PWC / EY
Perform assigned month-end close responsibilities
Liaising with relevant regulatory team and responding to queries from regulators
Support audit by first and second line of defense
Identify and escalate control issues, errors and efficiency opportunities
Ability to effectively manage multiple priorities and deliver as well as being able to adapt to changes
Ability to work with global stakeholders and teams
Able to work in a fast paced, deadline oriented, global environment
Refine the existing processes by identifying scope of improvement and efficiency opportunities
Requirements*
Education*
Chartered Accountant
Certifications If Any - IFRS
Experience Range*
Minimum 13-15 years of post-qualification experience in accounting and finance.
Foundational skills*
Legal entity control and reporting experience in a financial services business preferably in broker dealer business
Strong Understanding and ability to interpret regulatory requirements
Strong Understanding of Financial Statements and interpretation thereof
Excellent verbal and written communication skills
Strong initiative, comfortable working within an entrepreneurial environment and assuming a strong sense of ownership
Strong analytical, critical thinking and problem-solving skills, with attention to detail
Dynamic, high energy, solid work ethic, willing to take on new initiatives
Ability to effectively manage multiple priorities and deliver as well as being able to adapt to changes
Ability to work with global stakeholders and teams
Able to work in a fast paced, deadline oriented, global environment
Desired skills
Axiom / Oracle / Workiva are preferred.
Work Timings*
11.30 am to 8.30 pm
Job Location*
Gurugram/Mumbai
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf) " poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.