Brazil Payroll Specialist

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:

The Brazil Payroll consultant is responsible for the end-to-end process of the Brazil Legal entities Payroll process and every related process. The population in these payroll fluctuates between 500 to 650 employees and although the calculation process is performed by an external payroll provider, the Payroll consultant is responsible for the relationship and controls required for the payroll processing with this provider, as well as the liaison of the different local and external stakeholders i.e employees, benefits administrators, HR administrators, Compensation administrators, external vendors, Finance, internal and external auditors among others.

This position reports directly to the SVP Service Delivery Manager for LATAM and Canada, and coordinates with the SVP Human Resources for LATAM and Canada and works in coordination with the local HR team. The position is to be filled in Sao Paulo, Brazil.

Roles and responsibilities:

• Manage the payroll process for the Legal entities where there are active employees in Brazil
• Liaise with the Payroll Vendor for Coordination and control of Payroll operations
• Design and implement the required controls for the normal payroll operations, striving for a high level of accuracy according to existing metrics
• Provide support to employees regarding inquiries that are payroll related
• Liaise with HR team regarding to issues that would affect the payroll, i.e. Onboarding, Off boarding, Employee Relations, Benefits, others.
• Liaise with Corporate Compensations for payroll related changes / inputs to the payroll
• Reconcile and control the correct calculation and application of taxes, benefits and regulatory requirements in the payroll
• Collaborate with HR Finance in the identification, assessment and implementation of initiatives to comply with financial requirements
• Continuously look for opportunities to improve the Payroll process delivery and its outputs
• Responsible of identifying, escalating operational risks in the Payroll process, and participate in the resolution of any risk issue
• Coordinates the delivery of any payroll information requested from external and internal audits in alignment with regional manager
• Actively participate in the implementation of regional and global initiatives, these might include and are not limited to: Software changes, Vendor changes, Risk assessments, Financial compliance initiatives
• To be constantly updated and in charge of implementing any applicable changes in local and Corporate regulations that affect the payroll

• Bilingual Portuguese - English
• Knowledge in taxes calculation related to payroll
• Management of payroll and accounting systems
• Process design skills, data-management and highly analytical
• Advanced knowledge of Excel and BI tools
• Ability to interact and deal with and across broad audiences in multiple locations, including challenging status quo
• Reliable on managing highly confidential information
• Good verbal and written communication skills