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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
Responsible for developing, interpreting, and applying accounting standards to ensure transactions are recorded in compliance with GAAP.
This senior level position within Bank of America’s accounting policy group will be responsible for conducting technical accounting research and providing guidance across multiple lines of business, primarily for the company’s Global Markets segment. The Senior Manager will report to the Head of Accounting Policy to manage the accounting policy group’s process, procedures and strategies. This position is a high-visibility role that will communicate with all levels of management, members of the business and company’s external auditor.
This senior-level role in Accounting Policy, is responsible for staying abreast of regulatory and accounting rules and providing interpretive guidance to report owners and line of business personnel. The role is also responsible for researching and analyzing technical accounting and regulatory rules, documenting and communicating key conclusions to stakeholders. This person will also interact with the Chief Accounting Officer, Corporate Controller and other Senior Executives.
**Responsibilities: **
This role will partner and lead other Accounting Policy professionals to perform and document technical research and provide interpretive guidance on existing and emerging regulatory rules and accounting standards. Additionally, the role reviews new products and complex transactions for compliance with GAAP and regulatory reporting regulations. This role will also be expected to maintain advanced knowledge of GAAP, regulatory requirements and lead in-house training sessions. As a senior member of the Accounting Policy group, this role will advocate on behalf of the bank with accounting standard setters, regulators and various industry organizations.
Required Qualifications:
- Minimum of 15 years of experience and a distinguished record of performance as an accounting professional including progressive leadership roles at a major diversified financial institution
- 7-10 years of Accounting Policy experience to include Technical Accounting skills
- Proven direct leadership experience of managing a team
- Bachelor’s Degree in related field
- Extensive experience with Generally Accepted Accounting Principles (GAAP)
- Ability to understand and dissect complex transactions
- Extensive experience and knowledge of US regulatory reporting requirements within the banking and financial services industry.
- Effective, high energy business partner with the ability to influence, collaborate, and work across the organization, with the CFO, CAO, controllers, treasury, tax and other finance leaders
- Proven experience to work across teams within the organization to implement accounting standards and lead projects
- Strong communication skills including written and oral presentation skills with an ability to interact at different levels of the organization
- Excellent time management and organization skills
Managerial Responsibilities: This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
- Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
- Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
- Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
- Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
- People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
- Financial Steward: Efficiently allocates and manages resources across the organization to drive short and long term profitability.
- Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
- Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.
Desired Qualifications:
- Master of Accountancy or MBA
- CPA
- Accounting Policy experience for a large financial institution
- Experience with a major public accounting firm
- Exposure to Global Markets transactions
Skills:
- Data and Trend Analysis
- Financial Accounting
- Interpret Relevant Laws, Rules, and Regulations
- Regulatory Compliance
- Risk Management
- Attention to Detail
- Continuous Improvement
- Financial Analysis
- Project Management
- Reporting
- Analytical Thinking
- Oral Communications
- Regulatory Relations
- Stakeholder Management
- Written Communications
Shift:
1st shift (United States of America)
**Hours Per Week: **
40