Legal Entity Controller

About Bank of America

Bank of America operates with a purpose to enhance financial lives through responsible growth and service to clients, teammates, communities, and shareholders. The bank is committed to an inclusive workplace, attracting and developing talent, and supporting employee well-being. This full-time position is based in Riyadh, Saudi Arabia, and adheres to an in-office culture with flexibility based on role-specific considerations.

The Role: Legal Entity Controller

This role is for a Legal Entity Controller at Bank of America, specifically supporting MLKSA, a Tier 3 regulated capital market institution and the bank’s sole legal entity operating in Saudi Arabia, also a member of the Saudi Stock Exchange. The position is registered with the Capital Market Authority (CMA) and serves as the primary Finance contact for the Saudi Tax Authority (ZATCA). This role is integral to the 4-person MENA Finance team, which supports four legal entities across the UAE, Saudi Arabia, Qatar, and Egypt, each with distinct regulatory and statutory requirements.

Key Responsibilities

• Prepare month-end close journals in Oracle Cloud General Ledger.
• Provide monthly commentary on Balance Sheet and Profit & Loss variances for both local IFRS reporting and US GAAP.
• Prepare MLKSA’s CMA Prudential Returns and respond to regulator inquiries and surveys.
• Prepare Financial Statements, collaborate with Accounting Policy, and present to the MLKSA Board.
• Support internal and external audits.
• Review Trading Profit & Loss, including reconciliation to General Ledger, and proactively resolve discrepancies.
• Obtain Vendor Management approval on engagement letters.
• Ensure VAT, Withholding Tax (WHT), and Corporate Income Tax (CIT) compliance, including leading tax inspections and appeals, e-Invoicing, and Contracts Information Filing.
• Complete and evidence controls for the monthly Supervisory Review.
• Update and maintain Finance procedures and Intercompany agreements.
• Contribute to knowledge sharing and provide appropriate cover within the broader MENA finance team.

Required Qualifications and Skills

• Qualified accountant.
• Proficiency in Excel.
• Ability to work effectively both independently and as part of a team.

Team and Work Environment

The successful candidate will join the MENA Finance team, contributing to the financial oversight of legal entities across the region. This role requires adherence to Bank of America's in-office culture in Riyadh, Saudi Arabia.