Job Description
Responsibilities
Job Summary: -
• To supervise the SG Bank Regulatory Reporting Unit (RRU), Accounting, Group Reporting, related Management Reporting (MIS) and providing Financial Accounting Support through Certified Management Accounting (CMA) team.
• To manage direct, indirect taxation & transfer pricing of all entities in Mumbai.
Main Responsibilities: -
Accounting & Reporting: -
• Ensure compliance, integrity, timeliness and accuracy of financial reporting of the entities
whilst keeping operational and financial risk under control. Actively contribute to identify risky areas and remediation actions to improve the operational risk indicators (Manual entries, regulatory report late/re-submission, regulatory report automation etc.)
• Stay alert and updated on regulatory changes and their impacts on the businesses.
• Actively define and execute the yearly regulatory reporting testing
• Certify and report monthly Forex Position control for the entity according to regional / group guideline
• Ensure strong oversight on outsourced services in SG GSC (Global Solution Centre), providing clear & regular feedback to SG GSC management with an aim to continuously improve the process quality & efficiency
• Maintain the level of accounting substantiation close to 100% and quality of FCC monthly memos
• Identify and push initiatives to analyze and reduce breaks and manual entries (in GL, Group or Local reporting), resolve inter-company discrepancies
• Ensure the closure of all audits (internal audit, external audit, inspection, regulators) recommendation and completion of operational risk follow-up actions within the deadline
• With the support from regional teams, ensure a secure operating model and increased awareness on valuation topics (CSA/CVA, IPV, RP, etc.) definitions, control framework and production.
• Maintain 2-ways communication channel between local and regional to ensure the full accountability of valuation topics being exercised locally under regional support
• Practice good judgment (in terms of efficiency), when dealing with local specific inquiry, which may require additional support from the region / global hub
• Capital & Surplus funds Management - dividend distribution, capital and retained earning placement
• Managing accounting and reporting of dormant entities
CTL – Level 2 Control (L2C): -
• Provide the necessary support for the L2C missions to reach the requirement from ECB and DGLE/CCCI.
• Ensure all L2C recommendations closure on time
Tax : -
• Prepare accurate and timely tax planning reports for DFIN (Finance Department) Paris to monitor tax capacities
• Comply with local tax regulations for corporate income tax, indirect tax and business tax declarations
• Managing the tax project
In conjunction with SEGL/FIS (Legal department) Asia: -
• Comply with various tax risk assessments and declaration in TGM (Tax Global Tool) swiftly, while monitoring the risks already logged in TGM and updating associated provisions to be booked
• Ensure the compliance of the existing transfer pricing with the local business reality
• Be responsible for tax inspections and Tax office queries (for locations concerned)
• Coordinate and contribute to completion of NPC (New Product Committee) tax checklist for SEGL/FIS review
• Actively participate to monthly regional tax co-ordination meeting
• Contribute and control as necessary key tax projects where applicable
• Ensure all the internal/external tax inspection recommendations closure on time
Job Summary: -
• To supervise the SG Bank Regulatory Reporting Unit (RRU), Accounting, Group Reporting, related Management Reporting (MIS) and providing Financial Accounting Support through Certified Management Accounting (CMA) team.
• To manage direct, indirect taxation & transfer pricing of all entities in Mumbai.
Main Responsibilities: -
Accounting & Reporting: -
• Ensure compliance, integrity, timeliness and accuracy of financial reporting of the entities
whilst keeping operational and financial risk under control. Actively contribute to identify risky areas and remediation actions to improve the operational risk indicators (Manual entries, regulatory report late/re-submission, regulatory report automation etc.)
• Stay alert and updated on regulatory changes and their impacts on the businesses.
• Actively define and execute the yearly regulatory reporting testing
• Certify and report monthly Forex Position control for the entity according to regional / group guideline
• Ensure strong oversight on outsourced services in SG GSC (Global Service Centre), providing clear & regular feedback to SG GSC management with an aim to continuously improve the process quality & efficiency
• Maintain the level of accounting substantiation close to 100% and quality of FCC monthly memos
• Identify and push initiatives to analyze and reduce breaks and manual entries (in GL, Group or Local reporting), resolve inter-company discrepancies
• Ensure the closure of all audits (internal audit, external audit, inspection, regulators) recommendation and completion of operational risk follow-up actions within the deadline
• With the support from regional teams, ensure a secure operating model and increased awareness on valuation topics (CSA/CVA, IPV, RP, etc.) definitions, control framework and production.
• Maintain 2-ways communication channel between local and regional to ensure the full accountability of valuation topics being exercised locally under regional support
• Practice good judgment (in terms of efficiency), when dealing with local specific inquiry, which may require additional support from the region / global hub
• Capital & Surplus funds Management - dividend distribution, capital and retained earning placement
• Managing accounting and reporting of dormant entities
CTL – Level 2 Control (L2C): -
• Provide the necessary support for the L2C missions to reach the requirement from ECB and DGLE/CCCI.
• Ensure all L2C recommendations closure on time
Tax : -
• Prepare accurate and timely tax planning reports for DFIN (Finance Department) Paris to monitor tax capacities
• Comply with local tax regulations for corporate income tax, indirect tax and business tax declarations
• Managing the tax project
In conjunction with SEGL/FIS (Legal department) Asia: -
• Comply with various tax risk assessments and declaration in TGM (Tax Global Tool) swiftly, while monitoring the risks already logged in TGM and updating associated provisions to be booked
• Ensure the compliance of the existing transfer pricing with the local business reality
• Be responsible for tax inspections and Tax office queries (for locations concerned)
• Coordinate and contribute to completion of NPC (New Product Committee) tax checklist for SEGL/FIS review
• Actively participate to monthly regional tax co-ordination meeting
• Contribute and control as necessary key tax projects where applicable
• Ensure all the internal/external tax inspection recommendations closure on time
Profile required
Academic Background (degree and major): -
• Chartered Accountant / MBA in Finance
• Relevant certifications under the RBI Capacity Building Policy.
Relevant Working Experience in number of years: - More than 15 Years
Job Summary: -
• To supervise the SG Bank Regulatory Reporting Unit (RRU), Accounting, Group Reporting, related Management Reporting (MIS) and providing Financial Accounting Support through Certified Management Accounting (CMA) team.
• To manage direct, indirect taxation & transfer pricing of all entities in Mumbai.
Main Responsibilities: -
Accounting & Reporting: -
• Ensure compliance, integrity, timeliness and accuracy of financial reporting of the entities
whilst keeping operational and financial risk under control. Actively contribute to identify risky areas and remediation actions to improve the operational risk indicators (Manual entries, regulatory report late/re-submission, regulatory report automation etc.)
• Stay alert and updated on regulatory changes and their impacts on the businesses.
• Actively define and execute the yearly regulatory reporting testing
• Certify and report monthly Forex Position control for the entity according to regional / group guideline
• Ensure strong oversight on outsourced services in SG GSC (Global Solution Centre), providing clear & regular feedback to SG GSC management with an aim to continuously improve the process quality & efficiency
• Maintain the level of accounting substantiation close to 100% and quality of FCC monthly memos
• Identify and push initiatives to analyze and reduce breaks and manual entries (in GL, Group or Local reporting), resolve inter-company discrepancies
• Ensure the closure of all audits (internal audit, external audit, inspection, regulators) recommendation and completion of operational risk follow-up actions within the deadline
• With the support from regional teams, ensure a secure operating model and increased awareness on valuation topics (CSA/CVA, IPV, RP, etc.) definitions, control framework and production.
• Maintain 2-ways communication channel between local and regional to ensure the full accountability of valuation topics being exercised locally under regional support
• Practice good judgment (in terms of efficiency), when dealing with local specific inquiry, which may require additional support from the region / global hub
• Capital & Surplus funds Management - dividend distribution, capital and retained earning placement
• Managing accounting and reporting of dormant entities
CTL – Level 2 Control (L2C): -
• Provide the necessary support for the L2C missions to reach the requirement from ECB and DGLE/CCCI.
• Ensure all L2C recommendations closure on time
Tax : -
• Prepare accurate and timely tax planning reports for DFIN (Finance Department) Paris to monitor tax capacities
• Comply with local tax regulations for corporate income tax, indirect tax and business tax declarations
• Managing the tax project
In conjunction with SEGL/FIS (Legal department) Asia: -
• Comply with various tax risk assessments and declaration in TGM (Tax Global Tool) swiftly, while monitoring the risks already logged in TGM and updating associated provisions to be booked
• Ensure the compliance of the existing transfer pricing with the local business reality
• Be responsible for tax inspections and Tax office queries (for locations concerned)
• Coordinate and contribute to completion of NPC (New Product Committee) tax checklist for SEGL/FIS review
• Actively participate to monthly regional tax co-ordination meeting
• Contribute and control as necessary key tax projects where applicable
• Ensure all the internal/external tax inspection recommendations closure on time
Job Summary: -
• To supervise the SG Bank Regulatory Reporting Unit (RRU), Accounting, Group Reporting, related Management Reporting (MIS) and providing Financial Accounting Support through Certified Management Accounting (CMA) team.
• To manage direct, indirect taxation & transfer pricing of all entities in Mumbai.
Main Responsibilities: -
Accounting & Reporting: -
• Ensure compliance, integrity, timeliness and accuracy of financial reporting of the entities
whilst keeping operational and financial risk under control. Actively contribute to identify risky areas and remediation actions to improve the operational risk indicators (Manual entries, regulatory report late/re-submission, regulatory report automation etc.)
• Stay alert and updated on regulatory changes and their impacts on the businesses.
• Actively define and execute the yearly regulatory reporting testing
• Certify and report monthly Forex Position control for the entity according to regional / group guideline
• Ensure strong oversight on outsourced services in SG GSC (Global Service Centre), providing clear & regular feedback to SG GSC management with an aim to continuously improve the process quality & efficiency
• Maintain the level of accounting substantiation close to 100% and quality of FCC monthly memos
• Identify and push initiatives to analyze and reduce breaks and manual entries (in GL, Group or Local reporting), resolve inter-company discrepancies
• Ensure the closure of all audits (internal audit, external audit, inspection, regulators) recommendation and completion of operational risk follow-up actions within the deadline
• With the support from regional teams, ensure a secure operating model and increased awareness on valuation topics (CSA/CVA, IPV, RP, etc.) definitions, control framework and production.
• Maintain 2-ways communication channel between local and regional to ensure the full accountability of valuation topics being exercised locally under regional support
• Practice good judgment (in terms of efficiency), when dealing with local specific inquiry, which may require additional support from the region / global hub
• Capital & Surplus funds Management - dividend distribution, capital and retained earning placement
• Managing accounting and reporting of dormant entities
CTL – Level 2 Control (L2C): -
• Provide the necessary support for the L2C missions to reach the requirement from ECB and DGLE/CCCI.
• Ensure all L2C recommendations closure on time
Tax : -
• Prepare accurate and timely tax planning reports for DFIN (Finance Department) Paris to monitor tax capacities
• Comply with local tax regulations for corporate income tax, indirect tax and business tax declarations
• Managing the tax project
In conjunction with SEGL/FIS (Legal department) Asia: -
• Comply with various tax risk assessments and declaration in TGM (Tax Global Tool) swiftly, while monitoring the risks already logged in TGM and updating associated provisions to be booked
• Ensure the compliance of the existing transfer pricing with the local business reality
• Be responsible for tax inspections and Tax office queries (for locations concerned)
• Coordinate and contribute to completion of NPC (New Product Committee) tax checklist for SEGL/FIS review
• Actively participate to monthly regional tax co-ordination meeting
• Contribute and control as necessary key tax projects where applicable
• Ensure all the internal/external tax inspection recommendations closure on time
Profile required
Academic Background (degree and major): -
• Chartered Accountant / MBA in Finance
• Relevant certifications under the RBI Capacity Building Policy.
Relevant Working Experience in number of years: - More than 15 Years
💡 Quick Summary
Seeking a career-building opportunity? The Vice President | Finance| SG Bank India |Mumbai| | Finance | Mumbai| India 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.
