Job Description -
1. Regulatory Reporting Accuracy and Timeliness:
- Ownership of various Reserve Bank of India (RBI) regulatory & head office based regulatory reporting.
- Includes preparation of all DSB Returns viz Balance Sheet, P/L, Asset Quality, Asset-Liability Management (Liquidity Returns), Single & Group borrowers, CRILC etc.
- Form-A i.e computation of CRR-SLR for the bank and preparation of various related returns with Form A viz Form VIII, Special Fortnightly Return & Export Refinance etc.
- Monitoring the Priority Sector Lending (PSL) guidelines & submission of MIS for management monitoring.
- Compilation of monthly MCLR & Base Rate for management review. Prepare and control the Capital Adequacy Ratio (Capad) at all times.
- Various other regulatory reporting viz SMR, SIBC, Form TC, R-Returns, BAL, Form X, IBS etc.
- Job involves understanding of reporting requirements, planning of deliverables from various teams, reviewing the data compiled and ensuring timely submission.
- Keep abreast of latest regulatory developments and analyze their impact on India Branch's activities.
- Coordination with other department to ensure timely completion and submission of all regulatory reporting by the Bank.
2. Financial Reporting & Controls Timeliness and accuracy:
- Supporting the local Statutory Financial Statement preparation, Balance Sheet Reporting in accordance with Indian GAAP.
- Ownership of Compiling data points for periodic Risk Based Supervision (RBS) to RBI for the entire bank. Ensuring qualitative and timely data is obtained from all departments.
- Support the finance team in compilation of ICAAP document including obtained from all departments.
- Working with the team members on Head Office Reporting, including IFRS for consolidation with Parent Banks' balance sheet.
- Ensure accurate reporting and timely resolution of reconciling items.
- Control on Nostro and Suspense Account Reconciliations and related processes. This has a direct impact on Capital Adequacy Ratio and is an important Financial Control responsibility
- Participate in the monthly close cycle and related quarterly reporting cycles.
- Provide various ad hoc reporting and assistance as needed.
- Supporting Vendor Payments and Fixed Asset capitalization during leave by colleagues.
- Audit and Inspections by RBI, Concurrent, Statutory and Internal Auditors Manage liaison with external auditors - Co-ownership of Audits that the bank is subject to. These will include RBI Inspections, ongoing Concurrent audits, Statutory Audits and Internal audits by Head Office etc.
- Ensuring timely closure of observations by auditors by respective departments and ensuring that robust processes are put in place to avoid repeat issues.
3. New products / initiatives New product success:
- Full support to Automated Data Flow (ADF) for the bank when this project commences.
- Provide financial and accounting inputs for the development of new products, including inputs for RBI reporting and disclosure requirements.
- Supporting the Senior Management, Finance & Accounts Team, pan India Payment Team on as and when required.
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