Legal Entity Controller

77-7777682 Default Company for Saudi Arabia; Riyadh; On-site; SAR 300,000 - 600,000; Full time

Job summary

Bank of America is seeking an Assistant Vice President, Legal Entity Controller, based in Riyadh, Saudi Arabia. The role is part of the MENA Finance team and focuses on local statutory reporting, CMA regulatory submissions, and tax compliance within a regulated environment.

The ideal candidate will be a qualified accountant with strong Excel skills, capable of independent work and effective collaboration across teams to support audits, financial statements, and governance processes.

Qualifications

• Qualified accountant required.
• Proficient in Excel and data handling.
• Able to work independently and in a team.

Responsibilities

• Preparing month-end close journals in Oracle Cloud General Ledger.
• Producing monthly commentary on BS/PL variances for IFRS and US GAAP.
• Managing CMA Prudential Returns and regulator responses.
• Preparing financial statements and presenting to the MLKSA Board.
• Supporting internal and external audits.
• Reviewing trading P&L and reconciling to GL.
• Coordinating tax compliance and vendor approvals.
• Maintaining control evidence and intercompany agreements.

Skills

Qualified Accountant

Teamwork

Tools

Excel

Job description

Job Description

Job Title: Legal Entity Controller Corporate Title: Assistant Vice President Location: Riyadh, Saudi Arabia

Company Overview: 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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

The Team

The 4-person MENA Finance team (3 in UAE, 1 in Saudi Arabia) supports 4 legal entities across the UAE, Saudi Arabia, Qatar and Egypt, each subject to distinct regulatory and statutory requirements.

Role Description

MLKSA is a Tier 3 regulated capital market institution and BAC’s sole legal entity operating in Saudi Arabia and a member of the Saudi Stock Exchange. The Finance role is registered with the Regulator (CMA) and serves as the principal Finance contact for the Saudi Tax Authority (ZATCA). Responsible for local reporting across statutory financial reporting and external audits, regulatory reporting (capital adequacy) and tax (CIT, VAT, WHT). Acts as a Subsidiary Governance Delegate supports MLKSA Audit Committee and Board meetings.

Responsibilities

• Preparing month end close Journals in Oracle Cloud General Ledger
• Preparing monthly commentary on BS and PL variances for both local IFRS reporting and US GAAP
• Preparing MLKSA’s CMA Prudential Returns, and responses to the regulator on questions and surveys.
• Preparation of Financial Statements, working with Accounting Policy, presenting to the MLKSA Board.
• Support internal and external audits.
• Review of Trading PL, including reconciliation to GL, and proactive resolution of breaks.
• Obtaining Vendor Management approval on engagement letters VAT, WHT & CIT Compliance.
• Including leading tax inspections and appeals, e-Invoicing and Contracts Information Filing
• Completing and evidencing controls the monthly Supervisory Review Update and maintain Finance procedures and Intercompany agreements
• Work within the MENA finance team as a whole to develop knowledge share and provide appropriate levels of cover

What we are looking for

• Qualified accountant
• Ample Excel skills
• Can work well both individually as well as part of a team

Bank of America

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender/sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, responsibility for dependants, family status or physical or mental disability.

The Bank selects candidates for interview based on their skills, qualifications and experience. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

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!

Partnering Locally

Learn about some of the ways Bank of America is making a difference in the communities we serve.

Global Impact

Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates.

Opportunity and Inclusion

Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success.

Our Values

Learn about our four values that represent what we believe.