Associate - Regulatory Reporting

1 month ago


bangalore, India Navi Full time
About Navi
Navi is one of the fastest-growing financial services companies in India providing Personal & Home Loans, UPI, Insurance, Mutual Funds, and Gold. Navi's mission is to deliver digital-first financial products that are simple, accessible, and affordable. Drawing on our in-house AI/ML capabilities, technology, and product expertise, Navi is dedicated to building delightful customer experiences.
Founders: Sachin Bansal & Ankit Agarwal
Know what makes you a “Navi_ite” :
1. Perseverance, Passion and Commitment
• Passionate about Navi’s mission and vision
• Demonstrates dedication, perseverance and high ownership
• Goes above and beyond by taking on additional responsibilities
2. Obsession with high quality results
• Consistently creates value for the customers and stakeholders through high quality outcomes
• Ensuring excellence in all aspects of work
• Efficiently manages time, prioritizes tasks, and achieves higher standards
3. Resilience and Adaptability
• Adapts quickly to new roles, responsibilities, and changing circumstances, showing resilience and agility
Key Responsibilities:
Regulatory Reporting: Prepare, review, and submit accurate and timely regulatory reports to relevant regulatory bodies, including but not limited to RBI, SEBI, and other relevant authorities, ensuring compliance with all applicable regulations.
Data Compilation: Collaborate with various internal departments to collect and compile necessary data for regulatory reporting. Validate the accuracy and completeness of data and ensure its integrity throughout the reporting process.
Regulatory Reporting Analysis: Stay updated on evolving regulatory requirements, guidelines, and industry best practices for regulatory reporting in the Indian financial sector.
Process Enhancement: Continuously evaluate and enhance the efficiency and effectiveness of the regulatory reporting process. Identify opportunities for process optimization, automation, and improved data quality.
Conduct periodic assessments to identify potential compliance risks and gaps in regulatory reporting. Develop and implement corrective action plans to mitigate identified risks.
Internal Collaboration: Liaise with internal stakeholders, including business teams, finance, risk management, and operations teams, to ensure alignment on regulatory reporting requirements and data accuracy.
Audit and Examination Support: Facilitate and support internal and external audits, examinations, and inspections related to regulatory reporting compliance.
Documentation: Maintain organized and up-to-date records of all regulatory reporting activities, documents, and communications. Ensure proper documentation retention in accordance with regulatory guidelines.
Qualifications and Skills:
Bachelor's degree in law, company secretary, finance, accounting, business administration, or a related field.
Minimum of 3-4 years of experience in regulatory compliance reporting within the financial sector.
Excellent analytical skills and attention to detail.
Strong data management skills, including proficiency in data validation, reconciliation, and analysis.
Advanced proficiency in Microsoft Excel and familiarity with data reporting and visualization tools.
Effective communication skills to convey complex regulatory concepts clearly and concisely to diverse audiences.
Ability to work collaboratively in a team-oriented environment and lead cross-functional initiatives.
Strong organizational skills and ability to manage multiple tasks and deadlines simultaneously.
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