Head Regulatory Reporting with a Large MNC Bank

Position Purpose

Responsible for the Local Financials and Regulatory Reporting of the Bank.

Responsibilities

Direct Responsibilities

1. Team Management Leadership & Stakeholder Management:

• Manage overall governance of regulatory reporting in Finance domain and have a complete and thorough understanding of the control environment identifying gaps and executing remediation plans to mitigate such gaps.
• Ensuring all regulatory filings are duly validated for accurate & timely submissions.
• Liaising with business Operations & and other relevant functions for interdependencies review of the submissions and facilitate conflict closure.
• Lead participate and execute Finance India strategic initiatives with respect to regulatory compliance including defining business requirements & driving system changes with technology & other relevant teams.
• Identifying change opportunities and drive innovations along with change specialist teams to implement process changes to enhance efficiency.
• Managing and developing team create back up and resiliency ensuring its optimal utilization knowledge management through regular updates of SOPs and attrition risk management.
• Managing the daytoday relationship with all internal & external stakeholders to ensure efficient working partnership and build up a collaborative model.

2. Local Reporting:

• Managing preparation of Financial Statements as per local accounting standards & RBI guidelines to ensure that Financial Statements meet all disclosure requirements.
• Planning local audits & various certification requirements & finalizing appointment of auditors
• Driving the annual statutory audit and primary face off with statutory auditors to finalise financial statements of the Bank as per local regulatory requirements.
• Addressing accounting related matters & queries to ensure that accounting of various products & transactions is in accordance with accounting standards policies regulations & generally acceptable accounting conventions.
• Managing various MIS required for review of regulatory compliances & reporting.

3. Regulatory reporting:

• Analyzing new regulations / changes in existing regulations and impact assessment on systems & processes so that regulations are implemented in a timely & accurate basis.
• Partnering with key stakeholders in Business Compliance Credit and Operations for bank level regulatory positions / conclusions and submission of regulatory information to the RBI
• Oversight & review of RBI regulatory reports such as Basel prudential reporting (capital adequacy Pillar 3 ICAAP LCR NSFR large exposure framework leverage ratio) Statutory reserves (CRR SLR) liquidity reporting DSB returns and Risk Based Supervision data points.
• Managing that all regulatory queries are suitable responded both during annual regulatory inspection as well as ad hoc queries.
• First touchpoint for the regulator to reach out for inputs and explanations with regards to Financial & regulatory reporting related queries.
• Providing the information to Branch Management Board and other forums e.g. Asset Liability Committee Management Committee Risk committee) & highlighting key capital and liquidity metrics risks gaps & remediation plans
• Leading the Finance team for the India regulatory returns automation.

Contributing Responsibilities

• Banks strategic initiatives
• Capital infusion
• LEF Financial Management

Technical & Behavioral Competencies

• Leadership and Managerial skills
• Excellent interpersonal & Presentation & Communication skills
• Good Analytical Skills

Specific Qualifications

• Graduate. Post graduation would be an added advantage
• Certification in Foreign Exchange Operations FEDAI
• 45 years of experience in banking

Skills Referential

• Decision Making
• Ability to deliver / Results driven
• Ability to synthetize / simplify
• Attention to detail / rigor
• Ability to develop and adapt a process
• Ability to understand explain and support change
• Analytical Ability
• Ability to inspire others & generate peoples commitment
• Ability to develop and leverage networks

Education Level: Master Degree or equivalent

Experience Level: At least 15 years

regulatory reporting,RBI Reporting,balance sheet,RBI Guidelines,Statutory Audit,Stakeholder Management,Capital Adequacy,basel,Pillar 3,liquidity reporting,Risk Based Supervision