Bank of America India | Senior Manager

Responsibilities

• US / EMEA / APAC Legal Entity controllership team is involved in accounting, month end close, local regulatory reporting and US fed & SEC reporting support.
• The individual will be part of a team responsible for the US GAAP legal entity control activities including regulatory and external reporting, management of financial close, accounting, driving change and operational excellence initiatives.
• Support monthly US GAAP financial close and BAC subsidiary governance processes.
• Prepare / review US GAAP and Local GAAP (IFRS) general ledger entries.
• Partner with Treasury, Product Finance, and Line of Business teams to investigate product-specific balance sheet, P&L, and regulatory reporting issues.
• Review product lifecycle events, accounting treatments, and reconciliations to ensure accurate financial and regulatory reporting.
• Analyze monthly financial results and prepare / review internal management reports.
• Prepare / review data submissions for regulatory reporting groups for US GAAP consolidation.
• Assist with the preparation / review of stand-alone external reports.
• Analyze and understand legal entity general ledger balances.
• Prepare / review monthly board packs & other governance materials relating to financial reporting.
• Support for legal entity forecasting.
• Support process walkthroughs and internal and external audit liaison.
• Ensure monitoring and resolution of intercompany breaks and balance sheet substantiation.
• Identify and escalate control issues, errors and efficiency opportunities.
• Support ad hoc projects such as system implementation, change management.
• Responsible for dealing with stakeholders across functions and hierarchy within the Bank.
• Identifying improvement opportunities and leveraging resources to implement the ideas.
• Ensure adherence to Process & Governance routines.
• Timely response of external & internal queries.
• Ensure adherence to Process Documents including regular updation and execution.
• 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

• Certifications like IFRS Diploma etc.
• Minimum 10-12 years of post-qualification experience in Controllership.
• Legal entity control and reporting experience in a financial services business preferably in the banking industry.
• Strong understanding of banking products, with the ability to assess their accounting, financial reporting, regulatory reporting, and balance sheet impacts.
• Good understanding of banking product flows across Consumer Banking, Wealth Management, Commercial Banking, and Treasury functions.
• Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint.
• Driven to learn and develop new skills.
• Self-motivated and independent having a control mindset.
• Able to work in a fast paced, deadline-oriented environment.
• High level of ownership and attention to detail.
• Ability to apply sound judgment, provide effective challenge and display confidence to challenge.
• Ability to self-manage and prioritize, pursue goals and consistently deliver results.
• Flexibility and good negotiations skills.
• Able to excel and work effectively in a cross-functional team structure.
• Proficient in the use of Excel, Word and MS Access.
• 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.
• Exposure to Emerging technologies like Alteryx, Tableau, UI Path, etc.
• Ability to perform product-level variance analysis and explain key drivers impacting financial and regulatory reporting.
• Exposure to multiple banking product lines such as Deposits, Credit Cards, Commercial Lending, Wealth Management, and Investment Products.
• 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.
• Experience in Oracle/SAP is preferred

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)