Vice President, Regulatory Reporting, Finance

3 weeks ago


Mumbai, Maharashtra, India DBS Bank Full time

The Finance team plays a vital role in capital management, business planning, forecasting, and tax and accounting advisory services.

Job Purpose:

This position requires an individual to be responsible for managing local financial accounting, financial reporting, and regulatory reporting.

Key Responsibilities

  • Accountable for Local Financial Accounting, financial statement preparation and submission to RBI.
  • Collaborate with Statutory, RBI, and Internal audit for audit closure and timely submission of RBI returns.
  • Ensure accurate and timely financial and regulatory reporting.
  • Lead automation and process improvement projects for RBI reporting and local financial reporting.
  • Provide timely and accurate insights on new regulations and their impact to business units.
  • Enhance the bank's compliance culture through active participation in Regulatory Governance.
  • Maintain current Department Operating Instructions (DOI).
  • Mentor team members for higher-level roles.

Responsibilities & Duties

I. Regulatory Reporting & Compliance:

  • Financial Reporting & Compliance: Plan, execute, and review all financial statements and RBI reporting, ensuring accuracy and timeliness. Monitor changes in relevant regulations and accounting standards (GAAP, IFRS), conducting impact assessments and presenting findings to stakeholders.
  • Risk Management & Internal Controls: Maintain updated DOIs and ensure timely identification and remediation of control breaches.

II. Process Improvement & Automation:

  • Process Optimization: Identify opportunities for process improvement and automation to increase productivity and achieve standardization.

III. Strategic Contributions & Team Leadership:

  • Strategic Initiatives: Provide valuable insights and input on strategic initiatives within the department and the bank.
  • Team Management & Development: Mentor and develop team members, setting goals and promoting staff learning.

Requirements:

  • 15+ years of banking experience, with 4-5 years in a comparable senior role within a mid-sized bank.
  • Comprehensive knowledge of RBI regulations, accounting standards (GAAP, IFRS), and banking products.

Preferred Qualifications:

Chartered Accountant



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