Financial Transaction Specialist

19 hours ago


Mumbai, Maharashtra, India beBeeRiskManagement Full time ₹ 25,00,000 - ₹ 40,00,000

Job Description:

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We are seeking a skilled Financial Transaction Specialist to join our team. In this role, you will play a key part in ensuring the accuracy and completeness of financial transactions by implementing risk-based approaches to transaction testing.

As a Financial Transaction Specialist, you will be responsible for analyzing large datasets to identify discrepancies, anomalies, and gaps in reported values. You will also implement transaction testing across regulatory reports to further validate accuracy and completeness of reported values against the points of origin.

Key Responsibilities:

  • Develop comprehensive test plans, test cases, and test scripts for transaction testing based on regulatory reports, products, and systems considering applicable regulatory requirements and internal policies.
  • Analyze large datasets to identify discrepancies, anomalies, and gaps in reported values by performing validations against source systems/points of origin.
  • Implement transaction testing across regulatory reports to further validate accuracy and completeness of reported values against the points of origin.
  • Design and prepare review reports summarizing the approach, testing methodology, and outcomes inclusive of findings, if any.
  • Document testing processes outcomes - including issues, results, and overall accuracy.
  • Contribute to detailed transaction testing across various card products and systems to validate data feeding into regulatory reports.
  • Prepare and report updates on transaction testing and identified data risks to senior management.
  • Perform data management controls testing across regulatory reports to validate overall control design, operational effectiveness, and coverage.

Requirements:

  • Degree in Finance, Accounting, Business Administration, Risk Management, or other related discipline is required.
  • 2-3 years of experience in regulatory reporting team, audit, compliance, or risk management within the banking or financial services industry.
  • Demonstrated experience in transaction testing, data validation, and analysis is preferred.
  • Knowledge, experience, or familiarity in regulatory reporting (e.g., FR2052a, FRY15, FRY9C, FRY14), audit, US GAAP, and financial accounting is preferred.
  • Proficient in using data analysis tools (e.g., Excel, SQL), and knowledge of database systems.
  • Strong analytical, problem-solving, and critical thinking skills are important.
  • Adept verbal and written communication skills, including the ability to explain complex problems and ideas clearly and succinctly to senior management.

Benefits:

  • Competitive base salaries
  • Bonus incentives
  • Support for financial well-being and retirement
  • Comprehensive medical, dental, vision, life insurance, and disability benefits
  • Flexible working model with hybrid, onsite, or virtual arrangements depending on role and business need
  • Generous paid parental leave policies
  • Free access to global on-site wellness centers staffed with nurses and doctors
  • Free and confidential counseling support through our Healthy Minds program
  • Career development and training opportunities


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