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 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 and reviewing journal entries monitoring and resolving out-of-balance intercompany receivables/payables reviewing the trial balance to address anomalies and preparing and reviewing internal/external reporting with commentaries. Job expectations include planning and preparing for each monthly close cycle and timely executing all required tasks while maintaining a strong control environment.

Thisrole resides within the CFO Global Financial Controls Group and willsupport allday-to-day activities in regards to enterprise-wide Reg W Reporting and Monitoring. 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 Reg W monitoring and reporting include quarterly reporting of the FR Y-8 to the FRB of enterprise Reg W capacity quarterly reporting to the Board of Directors regarding Bank purchases of affiliate underwritten securities and monthly reporting of the enterprise Affiliate List. The role willwork withtechnology partners on maintenance and enhancements to the Reg W 23A database and Affiliate list Portal and will partner with Reg W operating leads from the major lines of business. Other responsibilities include but will not be limited to the remediation of audit issues the development and testing of Reg W 23A 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 position is responsible for performing and/or overseeing a team responsible for reporting analysis interpretation and documentation of Reg W 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

Additional Responsibilities:

• Accurate and timely execution of enterprise quarterly FRY-8 report to the Federal Reserve
• Accurate and timely reporting to Board of Directors regarding bank purchases of affiliate underwritten securities
• Daily monthly and quarterly analysis of Reg W activity including capacity and collateral
• Quarterly Reg W stakeholder deck reviewing all significant activity during the quarter
• Monthly Affiliate List reporting
• Ensuring Regulatory compliance for Reg W 23B arms length requirement
• Manage Reg W 23A Database with Technology partners and stakeholders
• Assist in the remediation of outstanding audit issues
• Manage and support various enterprise-wide issues and activities
• Ongoing process enhancements and efficiencies

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 Skills:

• Bachelors degree in Accounting or Finance
• Bank regulatory reporting experience
• Have a minimum of 10 years of Finance/accounting 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
• Project experience
• Financial services experience

Desired Skills:

• Experience with Bank of America legal entity framework
• Regulation W knowledge /experience
• Masters degree or CPA certificate
• Tableau experience or emerging tech including Alteryx
• Prior experience with legal entity financials
• Change-oriented
• Policy experience
• Experience as Process owner or delegate

Shift:

Hours Per Week: