Job Description:

Bank of America is one of the worlds 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 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 FAKC (Finance and Accounting Knowledge Center) was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions The capabilities hosted include Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support and Supply Chain Management

Over the years, the scope of FAKC has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance

*

The role involves accounting, month end close, regulatory reporting for Asia including capital and liquidity reporting, and management reporting responsibilities

Responsibilities

GFC APAC controller 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, audit closure, regulatory reporting for Asia entities, management reporting and variance analysis, local GAAP reporting, etc
Good general understanding of various key regulations, including Capital Adequacy Reporting LCR, single-borrower limits etc
Submission of data to Regional reporting team for US GAAP consolidation
Drive and Support Systems Implementation
Drive in implementing change management in the Finance area, through enhancements of reporting processes and structure, streamlining of reporting responsibilities between local and regional teams, and automation of regulatory reporting
Responsible for fulfilling the statutory and regulatory reporting requirements, including reports and presentations to the Board Committees and Board of Directors, the Central Bank and other regulators
Responsible for achievement of business goals by working on complex activities or projects with others within the team and with various business partners

Mandatory Skills

Education CA/MBA Tier II
Experience Range 8 to 10 years of experience in finance, accounting, regulatory reporting including capital and liquidity
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

Self-motivated and independent having a control mindset
Ability to effectively manage multiple priorities and deliver as well as being able to adapt to changes
Able to work in a fast paced, deadline oriented environment
Proficient in the use of Excel, Word and MS Access

Desired skills

Excellent knowledge of financial products (derivatives, swaps, interest, bonds, credit, etc)
Strong computer skills (advanced excel and macro/access) and Oracle/SAP experiences are preferred
Ability to drive change and work with multiple stake holders, problem solving skills
Working knowledge of APAC Local regulatory reporting

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry :
  • Cost Accounting/ ICW
  • Functional Area : Accounting/Tax/Company Secretary/Audit
    Role :
  • Salary : As per Industry Standards
    Deadline : 15th Apr 2020

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