Senior Operations Manager

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

• 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