Job Description
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
• Drive the automation required in the area of RBI reporting & local financial 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
• Be an active member on the Regulatory Governance group of the bank to enhance the overall compliance culture within the bank
• Drive Process improvement within the section
• Drive timely updating of Department Operating Instruction (DOI)
• Mentor team for higher level of roles and commitment
Job Duties & Responsibilities
• Plan and execute new reporting requirement in financial statement and RBI reporting
• Review the RBI reporting for timely completion and accuracy
• Update self with new changes in relevant regulations and accounting norms
• Undertake impact analysis of the above changes and put up for review of the relevant stake holder
• Take active part in implementation strategy and monitoring of new process arising from new regulations, product introduction
• Review and analyse the GAAP difference in IFRS and local accounting
• Provide ideas for value add on various regulatory parameters impacting the banking business
• Provide input on various strategic initiatives within the department and bank
• Ensure that DOI is updated all times for the processes within the department
• Ensure necessary control breaches are highlighted in risk matrix and corrective action are undertaken
• Ensure all audit issues are duly responded and corrective action taken
• Increase productivity through automation/process re-engineering to achieve standardization
• Mentor team; engage with team to build commitment, set goals, monitor performance and identify training needs of staff & self
• Sharing knowledge and information with other Groups within Finance
• Promote Staff learning through training, on the job learning, thereby gearing staff for higher responsibility
• Support tax team with relevant data as called upon
• Develop business MIS basis the regulatory report database
Required Experience
• Minimum 15 yrs experience with about 4 to 5 years in a similar capacity in mid size bank
• Comprehensive exposure to RBI Regulations, Accounting standards, Banking products, systems, business and control processes;
• Sound knowledge of the overall banking environment and applicable regulations;
• Conversant with the various accounting norms (local / IFRS)
Education / Preferred Qualifications
Chartered Accountant.
Core Competencies
• Strong team leader with clear thoughts
• Decision taking abilities
• Consistency, efficiency and standardisation of processes and controls
• Strong inter-personal skills
• Issue resolution skills
• Performance and Results Orientation
• Change / Innovation management
• Good teamwork
Technical Competencies
• Sound knowledge of RBI regulations, Companies Act, Indian accounting standard, IFRS
• Sound understanding of banking products across all segments;
• Exposure to various processes and controls in an automated reporting environment
• Good communication and presentation skills
• Proficiency in MS Office and particularly in Excel
Work Relationship
• Strong working relationship with all units in India and within the Finance department itself;
• Interaction with RBI and compliance team
Primary Location
India-Maharashtra-Mumbai
Job
COO Office/Business Mgt & Support
Schedule
Regular
Job Type
Full-time
Job Posting
May 12, 2026, 6:56:33 AM
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
• Drive the automation required in the area of RBI reporting & local financial 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
• Be an active member on the Regulatory Governance group of the bank to enhance the overall compliance culture within the bank
• Drive Process improvement within the section
• Drive timely updating of Department Operating Instruction (DOI)
• Mentor team for higher level of roles and commitment
Job Duties & Responsibilities
• Plan and execute new reporting requirement in financial statement and RBI reporting
• Review the RBI reporting for timely completion and accuracy
• Update self with new changes in relevant regulations and accounting norms
• Undertake impact analysis of the above changes and put up for review of the relevant stake holder
• Take active part in implementation strategy and monitoring of new process arising from new regulations, product introduction
• Review and analyse the GAAP difference in IFRS and local accounting
• Provide ideas for value add on various regulatory parameters impacting the banking business
• Provide input on various strategic initiatives within the department and bank
• Ensure that DOI is updated all times for the processes within the department
• Ensure necessary control breaches are highlighted in risk matrix and corrective action are undertaken
• Ensure all audit issues are duly responded and corrective action taken
• Increase productivity through automation/process re-engineering to achieve standardization
• Mentor team; engage with team to build commitment, set goals, monitor performance and identify training needs of staff & self
• Sharing knowledge and information with other Groups within Finance
• Promote Staff learning through training, on the job learning, thereby gearing staff for higher responsibility
• Support tax team with relevant data as called upon
• Develop business MIS basis the regulatory report database
Required Experience
• Minimum 15 yrs experience with about 4 to 5 years in a similar capacity in mid size bank
• Comprehensive exposure to RBI Regulations, Accounting standards, Banking products, systems, business and control processes;
• Sound knowledge of the overall banking environment and applicable regulations;
• Conversant with the various accounting norms (local / IFRS)
Education / Preferred Qualifications
Chartered Accountant.
Core Competencies
• Strong team leader with clear thoughts
• Decision taking abilities
• Consistency, efficiency and standardisation of processes and controls
• Strong inter-personal skills
• Issue resolution skills
• Performance and Results Orientation
• Change / Innovation management
• Good teamwork
Technical Competencies
• Sound knowledge of RBI regulations, Companies Act, Indian accounting standard, IFRS
• Sound understanding of banking products across all segments;
• Exposure to various processes and controls in an automated reporting environment
• Good communication and presentation skills
• Proficiency in MS Office and particularly in Excel
Work Relationship
• Strong working relationship with all units in India and within the Finance department itself;
• Interaction with RBI and compliance team
Primary Location
India-Maharashtra-Mumbai
Job
COO Office/Business Mgt & Support
Schedule
Regular
Job Type
Full-time
Job Posting
May 12, 2026, 6:56:33 AM
💡 Quick Summary
Seeking a career-building opportunity? The Team Lead| Financial Control position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
