Lead - RBI Reporting - Financial Services

Company Overview:

Our client is a leading financial services organization with a significant presence in the Indian banking sector. They offer a comprehensive suite of financial products and services to a diverse customer base, leveraging technology and a robust network to deliver innovative solutions. The organization is known for its commitment to regulatory compliance and maintaining the highest standards of corporate governance.

Role Overview:

The Lead - RBI Reporting role is responsible for overseeing and managing all aspects of regulatory reporting to the Reserve Bank of India (RBI). This role involves ensuring accurate and timely submission of various reports, interpreting regulatory guidelines, and implementing necessary changes to internal processes. The Lead will collaborate with various internal teams, including Finance, Operations, and Technology, to gather data, validate information, and address any discrepancies. This role is crucial in maintaining the organization's compliance with RBI regulations and ensuring the integrity of financial reporting.

Key Responsibilities:

- Manage the preparation and submission of all regulatory reports to the RBI, ensuring accuracy, completeness, and timeliness.

- Interpret and implement new or revised RBI guidelines and circulars, communicating changes to relevant stakeholders.

- Develop and maintain internal controls and procedures to ensure data integrity and compliance with regulatory requirements.

- Conduct regular reviews and audits of reporting processes to identify and address potential risks or gaps.

- Collaborate with cross-functional teams to gather data, validate information, and resolve any reporting issues.

- Provide guidance and training to team members on regulatory reporting requirements and best practices.

- Act as a key point of contact for RBI inspections and audits, providing necessary documentation and explanations.

- Monitor and analyze regulatory trends and developments, providing insights and recommendations to senior management.

Required Skillset:

- Demonstrated expertise in regulatory reporting, particularly to the Reserve Bank of India (RBI).

- Proven ability to interpret and implement regulatory guidelines and circulars.

- Strong understanding of internal control frameworks and risk management principles.

- Excellent analytical and problem-solving skills, with the ability to identify and resolve complex issues.

- Effective communication and interpersonal skills, with the ability to collaborate with cross-functional teams.

- Experience in Basel reporting.

- 6-10 years of relevant experience in regulatory reporting within the banking or financial services industry.