Team Leader

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. 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!

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

Global Financial Control India is the global delivery footprint of the bank's Global Financial Control function within the Chief Financial Officer group and is responsible for multiple functions including U.S. and Regional Legal Entity Controllership, Regulatory Reporting, Balance Sheet Reconciliations, Tax Accounting & Compliance, Treasury, Operational Risk & Controls Oversight, Finance Change, Production Services and Data Management.

In short, our focus is to get the numbers right and to work in support of the company's goals, most importantly responsible growth.

Job Description

The role involves reporting, analysis, accounting, data validation and liaising with various stakeholders.

Responsibilities

Finance analyst position responsibilities will include any of the following:

Responsible for various day-to-day accounting processes, financial analysis, financial and management reporting

Accountable for application of financial principles, ability to read and comprehend financial reports and conduct & conclude analysis.

Responsible for data dictionaries/conformance to instructions and /or preparation of various regulatory reports, documentation, interpretation and communication of regulatory reporting requirements

Perform Legal Entity tax forecasts; review tax journal entries, tax account analysis and annual tax expense true-up & variance explanations.

Performing reconciliations of Balance Sheet accounts adhering to Account Reconciliation Policy (ARP) and Account Reconciliation Standards (ARS); investigate & report out any breaks.

Supporting in systems Implementation and enhancements

Responsible for executing changes to finance systems and ensuring all financial accounting & reporting systems and applications are operating smoothly from a functional perspective.

Ensuring adherence to financial data standards and quality of data

Support risk management, controls & compliance processes including risk performance monitoring & tracking, controls validation & reviews, SOX compliance, regulatory reports testing & attestation and reconciliation reviews.

Project work related to process improvement and automation of processes.

Supporting in project management and various team initiatives

Data collation and liaising with various stakeholders.

Stakeholder dealing, liaising with various teams.

Requirements

Education

Chartered Accountant (CA)

Certifications If Any - NA

Experience Range

0-2 years

Foundational skills

Basic working knowledge of reporting, analysis, accounting and various finance functions

Ability to understand the financial statements

Fundamental understanding of risk management and internal controls

Excellent written and verbal communication skills.

Ability to effectively manage multiple priorities.

Able to work in a fast-paced environment.

Proficient in the use of Excel, Word and PowerPoint

Ability to assimilate large amounts of information quickly and to understand complex methodologies and issues.

Highly motivated, able to work independently, self-starter; and problem/solving/analytical.

Desired skills

Knowledge of US GAAP accounting standards

Good knowledge of financial / banking products (derivatives, swaps, interest, bonds, credit, etc.)

Working knowledge of Oracle/SAP, SQL, Tableau, Alteryx, SharePoint would be preferred.

Work Timings

Between 7:00 AM - 10:30 PM (Standard shift is 9 Hrs, expectation to stretch during critical activity periods like Month Close)

Job Location*

Mumbai/Gurugram