Description - Internal
Finance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions – whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services.

Job Purpose

Responsible for local financial accounting, financial reporting & Regulatory reporting. The incumbent is expected to independently manage the said section.
Key Accountabilities

Responsible for Local financial accounting, financial statement preparation and reporting to RBI
Coordinate with Statutory, RBI, Internal audit for audit closure.
Ensure correct and timely submission of RBI returns.
Drive and nurture the control environment so as to ensure correct financial and regulatory reporting.
Partner with business by providing correct and timely insight to new regulations and its implication, support new product launch for regulatory and accounting areas.
Job Duties & responsibilities

Preparation of local financials (under Indian GAAP & as per RBI directives)
Preparation of regulatory (RBI) reports. Reports include DSB Returns, Form-A, Special Fortnightly returns, Form-VIII, Form-X, etc.
BASEL-3 compliance including capital adequacy computation, Pillar 3 reporting, etc.
Responsibility for all reporting to RBI pertaining to Finance and reporting’s to the Board/Audit Committees in compliance with the Companies Act.
Coordination with RBI Inspection Team, Concurrent Auditors, Statutory Auditors, etc.
Required Experience

3 – 7 years’ experience in the Finance Department of a bank in similar capacity.
Well versed with banking products, accounting norms, and regulations.
Knowledge of all RBI regulations and RBI returns relating to the Financial Control function.
Education / Preferred Qualifications

Chartered Accountant
Core Competencies

Intelligence & Diligence: Ability to meet demanding deadlines
Good attitude and should be a team-player
Good communication and interpersonal skills
Change / Innovation Orientation
Technical Competencies

Prior experience in the banking industry as detailed above
Familiarity of prevailing accounting and RBI framework
Work Relationship

Strong working relationship with all units in India and within the Finance department itself.
Liaising within Finance along with Senior Management within the department
Primary Location: India-Maharashtra-Mumbai

Job: Others

Schedule: Regular

Employee Status:

Full-time

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Job Posting: Jun 4, 2024, 11:14:53 PM