Job Description: About Bank of America Merrill Lynch: Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the World Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies. Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion.
In this role, you will be responsible for the financial oversight of the Bank of America N.A. - Australian Branch ("BANA Australia") Control function, and assist with the co-ordination of the month end process to ensure completion in a timely and accurate manner. This is a very hands-on role and requires a motivated person with a strong technical base and excellent communication skills.
Main business in Bank of America N.A - Australia Branch includes Commercial Loans to corporates and financial institutions, Fixed income trading in semi-government and government bonds, Treasury, Global Transaction Services and Leasing - operating and financing,
Month end: - Oversight of the month-end close process for BANA Australia and reporting of month end results in A-IFRS and US GAAP - Liaise with the broader Finance, Tax and Operations teams during month end close to ensure the balance sheet and profit and loss is accurate, and variances are explained - Review and prepare month end journals - Liaise with offshore teams to investigate offshore/local intercompany breaks
Financial and Regulatory Reporting: - Preparation and analysis of monthly US GAAP and A-IFRS results for the Branch - Prepare and review APRA regulatory reporting. Assist with any regulator queries or technical aspects - Prepare and review quarterly reporting packs and US regulatory returns - Prepare and review monthly balance sheet reconciliations - Assist with the preparation and review of transfer pricing related tasks, income tax calculations, GST and withholding taxes as appropriate - Assist with the preparation of the annual accounting issues paper
Other: - Complete regional and global reporting requests - Liaise with external auditors, co-ordinate completing audit requests within the organization, and assist in the resolution of audit issues. Assist in APRA regulatory reporting changes, including business process and system implementation - Ad-hoc projects such as process improvement, and systems upgrade projects
Strong knowledge of local regulatory requirements (APRA essential)
Strong technical accounting background in A-IFRS and US GAAP (preferred)
Strong analytical skills, attention to detail and high level of commitment
Excellent written and verbal communication skills
Good interpersonal skills
Ability to work as part of a team
Education and Experience:
Completed CA or CPA qualification
5 Years plus certified experience
APRA regulatory reporting experience is essential
Candidate must have Banking and Financial Services experience, or have worked in a Big 4 audit environment with an FS background
Oracle GL Financials & SAP (preferred)
Advance Microsoft Excel skills
Bank of America Merrill Lynch is an equal opportunities employer.