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Senior Manager

Gurugram, India

Job number: 18026996

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Job Description:

  • Job Description

    Overview * (Bank of America overview, BA Continuum India overview, Business Overview)

    Bank of America is one of the world's largest 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. BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. 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 the individuals, businesses and institutional investors we serve worldwide. 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.BA Continuum India Pvt. Ltd. supports business process, information technology and knowledge process across Consumer Banking, including Card and Home Loans, Legacy Asset Servicing, Global Banking and Markets, and Global Wealth and Investment Management lines of business at Bank of America.

    Process Overview*

    Global Markets Middle Office delivers control functions responsible for providing assurance over data and processes used to record risk, P/L, balance sheet and financial results in support of Global Markets,

    Job Description*

    Balance Sheet Reconciliations: Gurgaon Core ACG performs various daily balance sheet reconciliations according to each reconciliation’s specific procedures.  The resulting output is an exception report which is forwarded to the appropriate parties for resolution/escalation. On a monthly basis, the ACG team rerun’s month end reconciliations after the General Ledger has closed (final GL balances) and prepare a monthly final reconciliation that includes exception items, aging of exceptions and commentary on exceptions.  They then prepare the accounts they own in the EZRec sign-off system. This includes loading application balances as well as aging the reconciling differences and providing commentary. 

    Manual Adjustments: The team prepares and post various manual adjustments into the General Ledger (primarily Oracle) according to individual procedures.  This includes compiling the support and details around the adjustments and provide to approvers in Chicago and Chester Core ACG.  Chicago and Chester Core ACG review entries and provide final sign-off. 

    Responsibilities*

    • Primary responsibility for preparing balance sheet account reconciliations.  Produce daily reconciliations / exception and escalation reports.  Monthly balance sheet account sign-off.
    • Daily/Monthly Manual General Ledger Topside: preparing/posting topside and compiling supporting documentation.
    • Accounting Control Metric Reporting: Collection of Daily and Monthly Accounting Metrics. 
    • Control Reporting: producing daily status and exception reports.
    • Interact with intra-bank/branch financial controllers to discuss details of Reconciliations/Adjustments and gather clarifications
    • Daily sign off on Finman Books owned by ACG post validating flows in Finman.

      Monitoring daily workflow and escalating any exception to management

      Requirements*

    • Education*:-
    • Accounting/Finance Degree (preferably Post Graduate in Accounting/Finance)
    • Certifications If Any: N/A
    • Experience Range*:-
    • 10 years of experience in Capital Markets / Financial Markets and >5 years in Reconciliation
    • Mandatory skills*:-
    • Exposure to Finance vertical of Global Markets preferred
    • Hands on Balance Sheet Recon experience
    • Experience in Subledger PnL signoff process is preferred
    • Exposure to investment banking products ideally in more than one asset class.
    • The ability to work in the capacity of an individual contributor within the team
    • To be able to work across teams/ locations, building relationships and influencing and driving accordingly
    • Excellent communication skills with a demonstrated ability to work with people of differing levels of seniority
    • Should have an eye for identifying risks in the process and build mitigating controls
    • Desired skills*:-
    • Intermediate level of VBA Knowledge, MS Excel with Functions & Formatting techniques preferred.
    • MIS experience would be an added advantage

      Work Timings*

      0230pm – 1130pm (IST) [EMEA]

      Job Location*

      Gurugram

Posting Date: 17/05/2018

Location:
Gurugram, , SECTOR 21 DUNDAHERA ,
- India

Full / Part-time: Full time

Hours Per Week: 45

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