Officer / AVP, Finance, India
Bank of America
Officer / AVP, Finance, India
Mumbai, India
**Job Description:**
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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
**Job Description:**
**Financial Reporting and Accounting**
Month-end/year-end closing (as per Indian GAAP/ Ind AS and US GAAP), General Ledger Reconciliation and Schedule preparations, GAAP reconciliations, quarterly corporate reporting, general ledger scrutiny and compliance with financial reporting requirements for banking entity. Assisting in compilation of financial information including analytical review for Local Management Team Committee Meetings, Audit Council, corporate audit and RBI exams
**Accounts Finalization and Statutory Audit**
Preparation and Finalization of accounts, reporting and internal financial controls related areas, segmental reporting, audit, compilations, certifications and other procedures requiring inter-face with auditors primarily for banking entity
Tax compliances and regulatory Reporting
Income Tax computations including advance tax and deferred tax calculations, Advance Tax, financial details for assessment proceedings, Good and Service Tax compliances including filing of returns, financial / regulatory reporting to RBI for banking entity
**Analytics and MIS**
Use financial data to compile analytics for internal MIS to business and senior management – focused on balance sheet trends and returns
Prepare internal MIS reports on business performance trends
Compile presentation decks for adhoc information requirements
**Regulatory Reporting**
Balance Sheet, Quarterly Profit & Loss Account, Bank short profile, RBS-1, etc and governance pack like Audit council, local management team, etc
**Data points, control parameters and inspection under the Risk Based Supervision (RBS) approach of RBI**
Compilation of data points across multiple tranches on quarterly basis along with detailed analysis and documentation for period to period variances
Documentation of control parameters and periodical review
Handling RBI inspection related information requirements, responses, and closure of remediation actions within the timelines
**Automation Projects**
Handling the automation of financial regulatory reporting by conducting UAT and testing of reports
**Responsibilities:**
+ Prepare and manage regulatory reporting, statutory auditor, regulators and corporate audit.
+ Partners with business on tracking business drivers and providing analytical inputs on balance sheet trends and returns for forecasting balance sheet and income statement
+ Core mandate to get the numbers right, Accurate and well controlled
+ Efficiency: Process optimization
+ Strive for flawless, error free execution through proactive operational risk management, robust preventive controls and self-identification of issues
**Required Skills:**
+ Years of experience: Minimum 1-4 years of post-qualified experience
+ Chartered Accountant
+ Strong analytical and reasoning skills
+ Good communication, interpersonal and relationship management skills.
+ Knowledge of banking regulations, banking products, investments and derivatives
+ Ability to prioritize and ensure consistent delivery of results
+ Strong team player
+ Adept at using excel, power point and Systems Aptitude
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.
To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .
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.
To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .
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.
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