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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description
Manages team of controllers that support the corporation and multiple legal entities. Provides supervisory guidance for quarter-end carbon accounting close responsibilities, carbon ledger balances and trends, complex Internal/ External (i.e. Regulatory) Reporting on standalone and consolidated LE financial statements, Carbon Ledger Governance Routines and subject matter expertise for carbon-related actions related to impact on legal entity.
The Carbon Accounting and Reporting team is part of the Corporate Sustainability Controller group within Global Financial Control in CFO. The primary focus of the team is to interpret and implement mandatory and voluntary carbon accounting and reporting requirements at the enterprise and legal entity levels which includes metrics and key performance indicators to be used in measuring carbon risks and performance. Another key focus is to define data requirements for reporting and to prepare business requirements documentation related to technology solutions to support carbon accounting and reporting.
The Carbon Accounting & Reporting Executive will be responsible for leading a team of professionals to deliver carbon reporting, covering all greenhouse gas emission scopes as per the GHG Protocol, as well as partnering closely with climate data operations and other key stakeholders. This role will ensure appropriate control procedures are applied to support the material accuracy of reporting and will present internal carbon performance reporting to enterprise leadership. In addition, the CAR Executive will develop a process to create carbon performance forecasts in addition to assessing progress against Bank of America’s Net Zero 2050 commitment. Other deliverables include the preparation of portfolio and client level financed emissions metrics and performance reporting, developing a portfolio of financed emissions reporting estimating the impact of new clients and provide materially accurate carbon information for inclusion in enterprise and legal entity level external reports.
Responsibilities:
- Intake (read, gap assess) new mandatory and voluntary carbon accounting and reporting requirements at the enterprise and legal entity level, covering Greenhouse Gas Protocol, Partnership for Carbon Accounting Financials (PCAF), and other regulatory mandated carbon calculations/reporting requirements
- Interpret mandatory and voluntary carbon accounting and reporting requirements at the enterprise and legal entity level, including the GHG Protocol, PCAF, etc. This also covers judgments about inclusion boundaries and KPIs/metrics to be used in measuring carbon risks and performance
- Help develop and implement approved carbon accounting methodologies based on relevant guidance
- Define data requirements related to mandatory and voluntary carbon accounting and reporting requirements
- Prepare business requirements documents (BRD) related to technology solutions to support carbon accounting and reporting
- Develop BRD for any models needed to support carbon accounting and reporting
- Partner closely with climate data operations, with focus on data collection, client data, public domain reference data, relevant data controls, and data quality reporting
- Ensure appropriate control procedures are applied to support the material accuracy of carbon reporting
- Establish appropriate processes to oversee/monitor the carbon accounting and reporting control environment, including regular reporting
- Understand climate scenario emissions trajectories and their effects on our financed emissions
- Prepare and present internal carbon performance reporting to management, risk and other functions, including an assessment against Net Zero (NZ2050) and interim targets
- Establish process to create carbon performance forecasts and prepare such forecasts regularly to assess performance against NZ2050 and interim targets
- Prepare regular portfolio and client level financed emissions metrics/drivers performance reports, which include forecast information, for bankers who are managing portfolio exposure and strategic client engagement
- Prepare ad hoc portfolio level financed emissions performance reports estimating the impact of new clients for bankers
- Provide high quality portfolio and client level financed emissions estimates for downstream consumption (LOBs, Risk and other functions)
- Provide materially accurate carbon information for inclusion in enterprise and legal entity level external reports
- Prepare carbon information required to support regulatory and voluntary external reporting at the enterprise and legal entity levels
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.
- Diversity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company D&I 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.
Required Qualifications
- 15+ years of financial controlling experience preferable at a large company with public accounting experience
- Proven success in managing a global team of 20-30 professionals
- Strategic thinker with ability to translate complex data into actionable insights
- Collaborative executive who proactively builds trusted relationships, establishes credibility and influences internal and external key stakeholders in a heavily matrixed environment
- Senior leader acumen, ability to represent BoA to regulator representatives, as well as being confident in interacting with senior stakeholders in BoA
- Ability to quickly gain understanding for critical deliverables and mobilize resources to deliver results
- Ability to integrate across multiple enterprise functions to oversee inputs/outputs for Climate reporting and ensure appropriate transparency and governance across senior stakeholders
Desired Qualifications
- Bachelor of Science or Masters in Accounting or equivalent work experience
- CPA
- Strong controllership experience, strong knowledge of General Ledger and accounting transactions
- Understanding of key business or SOX controls
- Demonstrated ability to partner across internal and external stakeholder at senior levels of the organization
- Strong analytical skills and attention to detail
- Passionate about environmental sustainability and climate change mitigation
- Commitment to continuous learning and professional development in the field of sustainability
- Proficiency in carbon accounting methodologies and software tools
- In-depth knowledge of carbon reporting frameworks and standards
Skills
- Executive Presence
- Inclusive Leadership
- Financial Reporting
- Risk Management
- Stakeholder Management
- Continuous Improvement
- Financial Accounting
- Financial Analysis
- Regulatory Compliance
- Attention to Detail
- Relationship Building
Shift:
1st shift (United States of America)
Hours Per Week:
40