Bank of America India | Assistant Manager

Responsibilities

• We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
• This AM role involves accounting, month end close, governing the controls framework.
• The individual will be part of a team responsible for legal entity control activities including management of financial close, supporting certain aspects of regulatory reporting, controls governance and OPEX initiatives.
• Develop a reasonable understanding of P&L and balance sheet; proactively identify, investigate, and escalate/correct anomalies.
• Responsible for fulfilling statutory and regulatory reporting requirements, including reports and presentations to senior management /regulators as required.
• Support internal and external audits through process walkthroughs, documentation, and audit issue closure.
• Identify, assess, and escalate control gaps, errors, and operational inefficiencies; recommend corrective actions with respect to the scope of work handled.
• Assist in implementing change management in the finance area, through enhancements of reporting processes and structure, streamlining of reporting responsibilities and automation of regulatory reporting.
• Support achievement of business goals by working on complex activities or projects with others within the team and with various business partners.
• Develop a smooth working relationship with multiple stakeholders.
• 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.
• Accountable for various day-to-day responsibilities of the finance function including accounting processes and reporting, month-end close, audit closure, regulatory reporting, management reporting and variance analysis, local GAAP reporting, etc.
• Support on systems implementation
• Learning agility and change readiness, with comfort in adapting to new tools, processes, and ways of working, including effective use of AI‑enabled tools where relevant

Requirements

• Exposure to International Accounting & Reporting Standards (US GAAP’s, FAS, IFRS).
• Strong organization and time management skills.
• Good understanding of controls and ability to identify and raise risks.
• Able to work in a fast paced, deadline-oriented environment.
• Strong understanding and an aptitude for technical and project work.
• Proficient in the use of Excel, Word and MS Access.
• Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint.
• Strong computer skills (advanced excel and macro/access) and Oracle/SAP experience preferred.
• Good knowledge of financial / banking products (derivatives, swaps, interest, bonds, credit, etc.).
• Prior experience with either of the self-service tools such as AI / Alteryx / Tableau / UiPath / Workiva / Power pivot etc.
• Hands‑on experience using Microsoft 365 Copilot or equivalent generative AI tools to accelerate writing, analysis, and presentation of business deliverables.
• Ability to frame effective prompts to generate accurate, relevant, and reusable AI outputs.
• Experience leveraging AI for data analysis and insight generation, including variance analysis, trend identification, and preparation of executive‑ready summaries.
• Sound judgment and risk awareness, including the application of appropriate checks, controls, and human review when leveraging tools, data, or automated outputs.
• Problem‑solving mindset, with the ability to analyse complex issues, apply sound judgment, and propose practical solutions in ambiguous or evolving situations.
• Strong collaboration and executive‑level communication skills, with the ability to work effectively across teams, functions, and geographies using clear, concise, and professional communication.
• Strong Accounting Standards Knowledge

Bank of America

Bank of America is one of the largest banks in the United States, serving individuals, businesses and institutions with banking, investing, asset management and risk-management products.

Its Indian operations and technology centres support the global bank. Finance professionals typically work in operations, financial reporting, regulatory, risk and audit roles.

• Industry: Banking and financial services
• Headquarters: Charlotte, North Carolina, USA
• In India: Corporate and investment banking, plus operations and technology centres in Mumbai, Hyderabad, Chennai and GIFT City (Gandhinagar)