Manager / Senior Manager - Finance (Regulatory Reporting), SG Bank India (Mumbai)
Location
Mumbai | India
Job description
Reference:
240000FZ
Responsibilities Job Summary: -- To be a key team member within Finance (DFIN) responsible for compilation and submission of various reports including Regulatory & Financial Reports, Financial Accounting Support within the Finance vertical.
- Oversee the team and manage the functions effectively.
Main Responsibilities:- - Submission of Regulatory Reporting:
- Consolidation and Submission of Regulatory returns i.e. Daily, Fortnightly, Monthly, Quarterly & Yearly. and Other Financial and Transactional returns accurately and in a timely manner.
- Reconciliations of the reports with the financial data before submission
- Co-ordination and liaising with various department to get explanations and clarifications for major variances
- Effectively coordinate with the various Departments of the Bank to deliver the Reports and work together on an ongoing basis.
- Being an important point of contact within Regulatory Reporting Unit (RRU) for all audit and regulatory queries, responding in a timely manner and providing accurate and relevant information/explanation.
- Identifying and ensuring any New requirements are captured and reported on timely basis
- Regulatory Audits & Inspections:
- Liasioning with the RBI and Statutory auditors during respective inspection periods and also on any adhoc requirements.
- New Regulatory Circulars & New Products:
- To be abreast of the latest RBI guidelines and circulars in order to assess and implement the reporting impact.
- Communication to all department on the impact analysis of new circular to ensure the compliance.
- To participate in implementation of New products by conducting impact analysis on various regulatory filings and reports
- Automation Initiatives:
- Identifying scope of improvements for time/effort saving, fine tuning the processes and streamlining the entire reporting chain.
- Responsible for initiating, supporting and concluding automation initiatives on reporting such as Automated Data Flow (ADF), Centralised Information Management System (CIMS) & Internal Global Tools
- Participating in Automation Projects – Documentation of Business requirements, Testing phases like UAT and parallel run
- Management / HO Reporting:
- To be responsible for providing related MIS to the Management and adhering to guidelines and deliverables on internal committees on reporting.
- Managing the quarterly group/HO reporting
- Financial Reporting:
- Local financial reporting and handling Statutory audit for the bank
- Other Activities:
- Providing support to the accounting function within Finance and act as a backup.
Required Profile required Academic Background (degree and major): Chartered Accountant / MBA in Finance
Relevant Working Experience in number of years: 5-8 years of experience in Banking Industry
Skills & Competencies required: - In depth understanding of Regulatory Guidelines & Management Reporting / Accounting Process/derivatives/FX.
- Financial Accounting & Reporting
Responsibility: - Ability to express one's convictions and act with courage
- Ability to make decisions within the scope of one's responsibilities
- Having a risk mindset
- Striving for high performance
Client: - Ability to put long term relationships with clients / internal partners at the centre of one's actions
Team Spirit: - Ability to build synergy within and outside of the team
- To have a collective and an open mindset
- To be able to listen actively and share information within the team and with other teams as well
- Ability to deal with conflicts proactively and in a positive mode
Commitment: - Ability to create a positive attitude in the team
- Ability to honor commitments, foster a climate of trust
- Ability to empathize
- Being able to continuously develop one's competencies and knowledge
Innovation: - Ability to adopt and adapt to new technologies in the solutions and projects
- Ability to simplify things, promoting simplicity over complexity
- Challenging existing ways of doing things
Business insight Societe Generale is one of the leading financial services groups in Europe. Based on a diversified universal banking model, the Group combines financial strength with a strategy of sustainable growth, putting its resources to work to finance the economy and its clients' plans. With a solid position in Europe and a presence in countries with strong potential, the Group's 145,700 employees in 66 countries support 31 million individual clients, large corporates and institutional investors worldwide by offering a wide range of advisory services and tailored financial solutions.
Societe Generale was established in India in the year 1978. In 1985, Societe Generale Bank commenced operations as a Scheduled Commercial Bank in Mumbai. Since then it has a proud legacy of servicing corporates and clients. New branches were added in Delhi (1993). Societe Generale not only offers an extensive product portfolio to different market segments, but customizes solutions in investment banking, global finance and global markets.
Societe Generale is an equal opportunities employer and believes that a diverse and inclusive workforce should be encouraged and recognized.
We are an
equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and
promoting all talents , regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.
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