VP SVP Finance & Strategy with a Large MNC Bank
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Job Location:
Monthly Salary:
Posted on:
30-10-2025
Vacancies:
1 Vacancy
Job Summary
Position Purpose
Local Finance Regulatory Governance and Controls
Process and New Product assessment improvisation and Audit management.
The role ensures that regulatory reporting is performed in line with the firms policies & procedures applicable accounting standards and regulatory expectations while maintaining rigorous control frameworks data quality standards and continuous process improvement.
Responsibilities
Policies and Procedures
- Create and maintain the local Regulatory Accounting and Reporting Policies.
- Periodically review and update policies to reflect regulatory changes or process enhancements.
- Ensure with the regulatory reporting team members that all reporting activities comply with the latest internal policies and RBI/Central Bank circulars.
Accounting Norms and Product Schema through NAC/TAC Management
- Own the accounting and reporting treatment matrix for all product families (loans deposits trade finance derivatives securities NPA related items etc.) from regulatory point of view
- Validate that the General Ledger schema chart of accounts and mapping to regulatory data fields are consistent with IndAS/IFRS and RBI guidelines
- Liaise with Product Treasury and Risk to capture new product roll outs and reflect correct accounting codes in the regulatory reporting engine.
LoD2 for Regulatory Reporting
- Act as the second line of defense design document and execute control activities that mitigate reporting risk.
- Review and sign off on data lineage model assumptions and materiality thresholds before submission to regulators.
Control Testing Design and Implementation
- Develop and maintain a Control Testing Framework (risk based testing plan test scripts defect tracking).
- Perform periodic design effectiveness and operating effectiveness tests on key controls (e.g. regulatory adherence data reconciliation segregation of duties approval workflows systems access etc.).
- Report test results remediate gaps and monitor remediation progress.
Support Audits & Regulatory Inspections for Finance
- Support CFO and Head of Regulatory reporting for data extracts and explanatory notes for internal auditors external auditors and RBI inspection teams.
- Respond to audit queries provide evidence of control design/operation and provide assurance on regulatory adherence to the auditors and inspectors.
Regulatory Watch
- Continuously monitor RBI circulars notifications and industry wide regulatory developments related to Finance
- Assess impact on local reporting obligations; produce impact assessment briefs and update the team on upcoming changes.
Regulatory Reporting Governance Data Quality & Process Efficiency
- Govern the Regulatory Reporting Register maintain deadlines ownership version control and status.
- Implement a Data Quality Framework (validation rules exception handling audit trail retention).
- Lead process improvement initiatives automation (RPA SQL/Python scripts) workflow redesign reduction of manual touch points and measurement of efficiency gains.
Technical & Behavioral Competencies
- Expert Knowledge of RBI regulations
- Stakeholder management
- Communication & Influence
- Focus on Solution and Efficiency based approach
Education Level: CA
Experience Level: At least 10 years
Other/Specific Qualifications:10 years of work experience within banking industry across or in roles related to Regulatory Accounting & Reporting or Compliance
Required Skills:
Regulatory ReportingRegulatory ComplianceRegulatory AuditsRegulatory AccountingRegulatory Policygovernance
Key Skills
- Forecasting
- Financial Services
- GAAP
- Accounting
- IFRS
- Regulatory Reporting
- Financial Analysis
- Financial Modeling
- Budgeting
- Financial Report Interpretation
- Financial Management
- Financial Planning
