Job Description
Roles and Responsibility
Strategy
• This role will be responsible for regulatory reporting, closure of books for local reporting and reviewing local financials and handling audits within Finance of SCB India branches
Business
• This role covers the full spectrum activities, including routine BAU reporting, implementation of new / changes in financial / regulatory reporting requirements and process enhancements and automation initiatives
• The candidate should be a subject matter expert in certain areas in financial and regulatory reporting to lead and drive the related reporting process with the help of his / her peers in the team and the offshore support team
• The candidate should be one of the key liaison person interacting with stakeholders within and outside Finance to provide advice and articulation of financial and regulatory reporting requirements.
Processes
• The candidate is expected to play a central role in delivering the following:
Regulatory reporting
• Timely and accurate submission of financial regulatory returns to the Reserve Bank of India (local regulator)
• Submission of adhoc data to regulator on accurate and timely basis
• Ensuring delivery of automation of regulatory submissions in line with regulator expectations
• Ensuring minimal observations from the regulator in the annual inspection with respect to finance processes
• Single point of contact for in country forums reviewing/ tracking regulatory reporting
• Computation of Deposit insurance payments and managing for payments and certification requirements of local statutory certification requirements are met with
• Ensuring appropriate maintenance of reserves (cash / investments), based on liability balances including stakeholder management with Treasury Markets
• Providing direction to the team (including GFS)
Audit Support
• Support audit of local statutory audit
• Drive audit queries and co-ordinate between auditors and internal stakeholders
• End to end closure of audit along with query resolution for subsidiaries
• Ensure timely and accurate submission of LFAR and certifications to RBI
• Support during RBI onsite inspection. Provide necessary information to RBI
• Submission of ad hoc information to RBI
• Coordinating concurrent audit of the finance processes/data submissions
Control and Governance
• Financial and local balance reconciliation
• Substantiation of GL balances
• Update PPG with accounting entries on regular basis latest development in product/ business and standards
• Update and review of DOIs / process note as required
• Peer bank review and analytics
People & Talent
• As a manager, the jobholder needs to assist the team head to:-
• Coordinate with support teams in GFS and provide necessary guidance / coaching
• Provide guidance and support and work closely with peer teammates
Risk Management
• To assist the team head to manage the risk arising from regulatory reporting activities via:-
• Introducing / enhancing any necessary control steps in the financial and regulatory reporting process
• Presenting findings / following through actions in relevant control / risk forums including regulatory reporting risk forum, finance risk forum
Governance
• Understand and ensure compliance with the Group s financial and regulatory reporting policies and standards with the support from peer teammate and the offshore hub
Regulatory & Business Conduct
• Display exemplary conduct and live by the Group s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the team to achieve the outcomes set out in the Bank s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
• RBI
• Country Finance, Business Finance and other relevant internal stakeholders
• Statutory and Group auditors
• GFS team members
Our Ideal Candidate
• Qualified accountant with relevant working experience in banks/ MNCs or Big 4 banking audit firms
• Hands-on knowledge on regulatory reporting, various guidance/ circulars issued by RBI from to time, basics of banking products.
• Ability to work in an organised way, multi-tasking, prioritising, managing data to meet tight deadlines
• Strong analytical skills and data skills
• Strong communication and interpersonal skills, able to convey complex messages quickly and succinctly to stakeholders with confidence
• High levels of drive and resilience along with attention to detail
Role Specific Technical Competencies
• IFRS, IND-AS, Indian GAAP
• Regulatory Reporting Knowledge
• Updated on RBI Circulars
• Banking Products
• MS Excel
• MS Word
Strategy
• This role will be responsible for regulatory reporting, closure of books for local reporting and reviewing local financials and handling audits within Finance of SCB India branches
Business
• This role covers the full spectrum activities, including routine BAU reporting, implementation of new / changes in financial / regulatory reporting requirements and process enhancements and automation initiatives
• The candidate should be a subject matter expert in certain areas in financial and regulatory reporting to lead and drive the related reporting process with the help of his / her peers in the team and the offshore support team
• The candidate should be one of the key liaison person interacting with stakeholders within and outside Finance to provide advice and articulation of financial and regulatory reporting requirements.
Processes
• The candidate is expected to play a central role in delivering the following:
Regulatory reporting
• Timely and accurate submission of financial regulatory returns to the Reserve Bank of India (local regulator)
• Submission of adhoc data to regulator on accurate and timely basis
• Ensuring delivery of automation of regulatory submissions in line with regulator expectations
• Ensuring minimal observations from the regulator in the annual inspection with respect to finance processes
• Single point of contact for in country forums reviewing/ tracking regulatory reporting
• Computation of Deposit insurance payments and managing for payments and certification requirements of local statutory certification requirements are met with
• Ensuring appropriate maintenance of reserves (cash / investments), based on liability balances including stakeholder management with Treasury Markets
• Providing direction to the team (including GFS)
Audit Support
• Support audit of local statutory audit
• Drive audit queries and co-ordinate between auditors and internal stakeholders
• End to end closure of audit along with query resolution for subsidiaries
• Ensure timely and accurate submission of LFAR and certifications to RBI
• Support during RBI onsite inspection. Provide necessary information to RBI
• Submission of ad hoc information to RBI
• Coordinating concurrent audit of the finance processes/data submissions
Control and Governance
• Financial and local balance reconciliation
• Substantiation of GL balances
• Update PPG with accounting entries on regular basis latest development in product/ business and standards
• Update and review of DOIs / process note as required
• Peer bank review and analytics
People & Talent
• As a manager, the jobholder needs to assist the team head to:-
• Coordinate with support teams in GFS and provide necessary guidance / coaching
• Provide guidance and support and work closely with peer teammates
Risk Management
• To assist the team head to manage the risk arising from regulatory reporting activities via:-
• Introducing / enhancing any necessary control steps in the financial and regulatory reporting process
• Presenting findings / following through actions in relevant control / risk forums including regulatory reporting risk forum, finance risk forum
Governance
• Understand and ensure compliance with the Group s financial and regulatory reporting policies and standards with the support from peer teammate and the offshore hub
Regulatory & Business Conduct
• Display exemplary conduct and live by the Group s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the team to achieve the outcomes set out in the Bank s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
• RBI
• Country Finance, Business Finance and other relevant internal stakeholders
• Statutory and Group auditors
• GFS team members
Our Ideal Candidate
• Qualified accountant with relevant working experience in banks/ MNCs or Big 4 banking audit firms
• Hands-on knowledge on regulatory reporting, various guidance/ circulars issued by RBI from to time, basics of banking products.
• Ability to work in an organised way, multi-tasking, prioritising, managing data to meet tight deadlines
• Strong analytical skills and data skills
• Strong communication and interpersonal skills, able to convey complex messages quickly and succinctly to stakeholders with confidence
• High levels of drive and resilience along with attention to detail
Role Specific Technical Competencies
• IFRS, IND-AS, Indian GAAP
• Regulatory Reporting Knowledge
• Updated on RBI Circulars
• Banking Products
• MS Excel
• MS Word
💡 Quick Summary
Seeking a career-building opportunity? The Urgent Hiring for Senior Manager 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.
