Posted By
Posted in
Banking & Finance
Job Code
364639
Job Description :
- GRG is enterprise wide critical SOX control function. GRG is responsible for the Corporate Account Reconciliation Policy; as well as monitoring and reporting on compliance issues to Sr. Management. Following are the major activities performed
- Completing quality assurance reviews and quarterly self-assessments to evaluate and report control points around the reconciliation process in their areas.
- Coordinating with reconciliation Approvers to ensure that all balance sheet Accounts and Bank Accounts are properly assigned ownership.
- Facilitate monthly Business Partner Calls to socialize policy and review outstanding non-compliance items as well as knowledge transfer opportunities.
- Monitoring and review of manual journal entries ensuring segregation of duties and approval flow is followed as per policy requirements.
- Ensuring that all non-credit reconciliation related charge-offs and recoveries are identified and reported to GRG.
Responsibilities :
- GRG Governance Analysts position includes, but is not limited to the following responsibilities:
- Advising, monitoring and/or assisting reconciling units on issue resolution.
- Timely and accurately completion of assigned reviews and dashboard reporting activities.
- Identifying the underlying risk in relation with accounting GAAPs, regulatory reporting and SOX requirements.
- Assessing SOX controls in reconciliation process.
- Identifying the account usage issues which are not in concurrence with chart of accounts and accounting GAAPs.
- Monitoring and evaluating risk related to reconciliation activity in conjunction with Corporate Audit.
- Taking necessary measures to ensure that action plans are developed to address compliance gaps and executed on a timely basis.
- Completing the required GRG training for employees engaged in the reconciliation process
- Monitoring and evaluating risk in conjunction with CFO Compliance and CFO Risk.
- Escalating and reporting key issues and status for review.
Requirements :
Education : CA/CPA/CMA
- Experience Range -2-6 years of experience in finance, accounting, Audit and/or operations.
Mandatory skills :
- Strong Accounting Standards Knowledge
- Desired Exposure to International Accounting & Reporting Standards (US GAAPs, FAS, IFRS)
- Strong organization and time management skills.
- Able to work in a fast paced, deadline oriented environment.
- Strong understanding of the reconciliation process and an aptitude for technical and project work.
- Proficient in the use of Excel, Word and MS Access
- Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint.
Desired skills :
- Six Sigma Certified
- Oracle and SAP experience
- Project Management experience
Work Timings : Shifts between 6.30 am to 12.30 am IST
Didn’t find the job appropriate? Report this Job
Posted By
Posted in
Banking & Finance
Job Code
364639