AVP - Basel II Measurement & Reporting - BFSI

We have an opportunity with one of our investment banking client in Pune for the position of AVP-BMR.

Please find mentioned below the Job Description-

Function - Basel II Measurement and Reporting

LOCATION: Pune, India

DEPARTMENT: BMR

PRINCIPAL RESPONSIBILITIES OF THE ROLE:

CRITICAL SKILLS REQUIRED:

General responsibilities:

The role entails working in the Basel III Production Team, performing Basel III Capital calculations under FINMA and/or PRA for month end and on a daily basis. Ideal candidate should have experience in leading a team of qualified resources of 2 - 3 people. This person will be required to perform calculations, variance analysis, supporting adhoc queries, audit issues etc. Must possess excellent communication skills as profile requires daily interaction with global teams. Should be an expert in excel and with good communication skills. Accounting background is preferred but not an absolute must. It is important that the person understands financial products and how the accounting of various financial products like OTC Derivatives, Repos, Loans etc work - as that will help in understanding RWA calculations.

The person has responsibility to ensure that the above tasks are performed to the standards required under the Collaboration Agreement with the Regulatory team and that issues are escalated appropriately

Detailed duties and responsibilities:

Team management

- Manage a team of analyst for BAU tasks on RWA Calculations.

- Manage the expectations from the sending location on overall delivery and in terms of timelines, quality and efficiency.

Key Deliverables

- Perform Basel III calculations on a monthly and / or daily basis to the agreed Collaboration Agreement with the Regulatory team for all FSA and FINMA entities

- Analyze month over month movement and provide commentary.

- Liaise with the Regional Regulatory teams in APAC, UK and US on an ongoing basis

- Understand FINMA Capital Adequacy rules and how the rules are applied to production

- Understand the business reason on why a manual calculation is needed and why the underlying data is not flowing through infrastructure automatically.

- Primary contact for audit and front office queries.

- Development and streamlining of processes and procedures of exposure categories across both regulatory regimes - PRA and FINMA.

- Review the work performed by the team and have a thorough understanding of the templates / calculations performed

General tasks

- Provide documentation on the template procedures quarterly.

- Provide sufficient supporting documentation to support compliance requirements

- Reconciliation of capital templates and strategic/ automated data

WORK EXPERIENCE / BACKGROUND

- 7+ years' experience in financial accounting & regulatory reporting (preferably Basel)

- Accounting Background is also fine - Legal Entity Controlling roles, Core Accounting roles etc

- Regulatory Compliance, Financial Reporting, Using Databases and Querying Tools

- Ability to liaise with business and technical teams of all levels.

EDUCATION (specify CA/MBA/B.com etc)

CA Preferred, MBA, CFA

- Advanced understanding/experience of databases and query tools

- Experience in Business Objects/ Reporting Tools

- Advanced knowledge of MS Office

- Professional English language written and verbal skills

- Excellent communication skills

- Ability to liaise with all levels including senior management

Team Credence