Manager Financial Control & ReportingFull Time - Posted February 20

Bank of America, Oakland/San Francisco, CA

Description

Manages a medium-large segment or multiple related units in a GWIM support operations function for one or more product areas such as funds transfer, collateral mgt/margins, corporate actions, static data/data management, control, trader support, clearance/settlement, documentation/confirmations, customer service, new accounts,client valuations, document processing or statement/billing processing. Manages operations functions that typically have a high level of regulatory risk, monetary exposure and loss potential due to transaction size and daily production windows, which can impact client relationships. Manages daily activities and ensures adherence to operating procedures and regulatory requirements. Develops and implements new processes and procedures to improve operating efficiency, timeliness and workflow coordination. Performs management functions such as hiring, training, performance planning, coaching, and disciplinary action. May have responsibility or provides input for budget/expense management, reporting and forecasting. Requires full knowledge of operations management with prior operations management experience in the specific functional/product area managed. This associate regularly interacts with business partners and their support groups (Compliance, Audit, Finance, etc.), as well as external clients. Generally 5-7 years or more experience is preferred.

Line of Business Job Description:  Manage global cash settlements function relating to domestic and offshore securities transactions.  Ensure timely clearing of entries to General Ledger and deposit accounts.  Oversee/maintain daily reconciliation of entries to Bank’s ledger and reporting systems.  Support management of related subledgers and databases and production of management and line of business reporting.

QUALIFICATIONS

Qualifications

Required Skills:  Three+ years experience in financial services operations, preferably relating to mutual fund or direct securities operations and preferably within a Bank.  Experience with accounting and ledger entries and reconciliation.  Solid to advanced Microsoft Excel skills.

Desired Skills:  Familiarity the database management (Access, SQL) including queries and report generation.  Familiarity with multicurrency transactions and settlements and Bank of America cash processing systems (BFT, BA Direct, GBS, IDS).

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THIS POSITION IS LOCATED IN THE BAY AREA AND RELOCATION IS NOT PROVIDED.