Senior Legal Entity Controller

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 role resides within the CFO – Global Financial Controls Group and will support all day-to-day activities in regards to enterprise-wide Service Fee Arrangements, Reg W Governance and Enterprise Policy. We are seeking a highly motivated individual for this position seeking to expand their knowledge and expertise.   This role will have the opportunity to work with Finance and LOB teams across the enterprise and strengthen our ongoing intercompany service billing process, Reg W governance and Policy.   The role will work with technology partners on maintenance and enhancements to the Service Agreement Database and will partner with the Enterprise Inter-affiliate Services team to ensure the accurate and timely response to terminated, amended or new arrangements. Other responsibilities include, but will not be limited to, the remediation of audit issues, the development and testing of Service Agreement Database enhancements and the execution and identification of process improvement initiatives as well as Reg W governance and Policy.  Strong analytical skills with a good ability to communicate crisply about complex topics is important. This position is responsible for analysis, interpretation, and documentation of service fee arrangements, service pricing, and tax transfer pricing reporting and monitoring activities across the enterprise.  

Responsibilities:

• Completes and reviews month-end close activities
• Executes internal control activities
• Prepares and reviews schedules for internal and/or external reporting
• Participates in process improvement initiatives
• Accurate and timely execution of enterprise wide Service Fee Arrangement requests
• Ensuring Regulatory compliance for Reg W 23B
• Thorough tracking and document retention to satisfy Audit requirements
•  Perform quarterly attestations for Reg W population of existing Service Fee Arrangements
• Assist in the remediation of outstanding audit issues
• Manage and support various enterprise-wide issues and activities
• Calculate and record service fee income and expense for major service fee types
• Coordinate and enhance enterprise annual service pricing process
• Support legal entity shared expense allocations across the enterprise 
• Reg W governance preparation includes monthly Reg W Governance Committee and quarterly CFO Risk Committee
• Enterprise Reg W Policy maintenance and updating process
• Reg W enterprise issues management

Skills:

• Financial Accounting
• Financial Analysis
• Reporting
• Risk Management
• Stakeholder Management
• Continuous Improvement
• Executive Presence
• Inclusive Leadership
• Regulatory Compliance
• Relationship Building
• Attention to Detail
• Coaching
• Policies, Procedures, and Guidelines Management
• Project Management
• Regulatory Relations

Required Qualifications:

• Bachelor’s degree in Accounting or Finance-related
• Have a minimum of 8+ years of Finance/accounting or services experience with a large corporation
• 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 experience or emerging tech
• Prior experience with legal entity financials
• Change-oriented
• Governance experience
• Policy experience
• Experience as Process owner or delegate

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$115,000.00 - $165,200.00 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.