Senior Finance Analyst - Legal Entity Controller II

Job Description:

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:
This job is responsible for supporting accurate and complete financial reporting for specific legal entities and consolidating results. Key responsibilities include facilitating month-end close, posting journal entries, monitoring and resolving out-of-balance intercompany receivables/payables, reviewing the trial balance to address anomalies, and preparing internal/external reporting with commentaries. Job expectations include planning and preparing for each monthly close cycle and the timely execution of all required tasks while maintaining a strong control environment.

Part of the Corporate Controllers Group, Reg W Finance team, this job is responsible for supporting accurate and complete financial reporting for Regulation W covered transactions across the enterprise. Key responsibilities include facilitating daily, monthly, quarterly reporting, monitoring and resolving variances, reviewing the 23A database to address anomalies, and preparing internal/external reporting with commentaries. Job expectations include planning and preparing for each reporting cycle and the timely execution of all required tasks while maintaining a strong control environment.  Also exposure to enterprise affiliate list and various projects, audits and examinations.  Works with central 23A database and emerging tech reporting tools.  

Reg W is a Federal banking regulation that applies globally to the Company. It is designed to limit certain covered transactions (as defined in the Reg W Policy) between Banks and Affiliates in order to protect a Bank from exposure to losses by its Affiliates. Reg W also governs transactions between Banks and Third Parties that may benefit an Affiliate (attribution). 

Responsibilities:

• Collaborate with data providers to review, validate, and confirm Reg W covered transactions
• Prepare and submit Reg W periodic reports by line of business, ensuring accuracy and timeliness.
• Provide and review analysis on variances and commentary at monthly meetings and daily reports to stakeholders
• Review daily submissions to the Reg W 23A database ensuring exposure is captured between Bank(s) and Affiliate(s)
• Identify and implement process standardization and improvements.  Emerging tech solutions encouraged.
• Team and individual project work

Skills:

• Active Listening
• Financial Accounting
• Financial Analysis
• Reporting
• Stakeholder Management
• Attention to Detail
• Collaboration
• Continuous Improvement
• Prioritization
• Research
• Innovative Thinking
• Relationship Building
• Regulatory Reporting
• Management Reporting

Required Qualifications:

• Bachelor’s degree in Finance or equivalent experience
• Minimum of 5 years of relevant experience
• Ability to work in a team environment
• Ability to partner across the organization to achieve goals
• Advanced Microsoft Office skills (i.e. Excel, PowerPoint)
• Strong verbal and written communication skills
• Strong analytical skills and attention to detail
• Good presentation skills

Desired Qualifications:

• Experience with Bank of America legal entity framework
• Regulation W knowledge /experience
• Financial services experience
• Tableau/Alteryx experience or emerging tech

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - RI - Riverside - 3400 Pawtucket Ave - East Providence Call Center (RI1530)Pay and benefits informationPay range$60,100.00 - $111,600.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.