Senior Legal Entity Controller

Bank of America•Charlotte, NC

8d•Onsite

About The Position

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. This role resides within the CFO – Global Financial Controls Group and will support all day-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 programs. Deliverables 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 will work with technology 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 important. This 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.

Requirements

Bachelor’s 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

Nice To Haves

Experience with Bank of America legal entity framework
Regulation W knowledge /experience
Master’s 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

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 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, arm’s 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