6 to 8 Years    Mumbai (Maharashtra)

Job Description

Process Overview*
The Global Finance was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support and Supply Chain Management.
Over the years, the scope of Global Finance has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.


Regulatory Reporting
The Centralized Regulatory Reporting (CRR) team is part of the CFO-Global Financial Control organization. Our purpose is to drive high quality regulatory reports through operationally efficient control processes and system solutions to support the production of various regulatory reports as required by the Federal Reserve, OCC, FDIC and other regulators. The group works closely with business and finance units across the organization to gather, analyze and report information under regulatory definition and requirements.
Regulatory Reporting team is organized around the types of reports filed and projects group; Key report categorizations include Cross Border, Call & Capital, Non-Bank Subsidiary reporting, Broker dealer reporting teams and projects group.
The Cross Border reports include reports submitted to Fed (FFIEC 009, FR 2510 etc.) and also to the US treasury (TIC reports)
The Call team files FFIEC 031/FFIEC 041 and FRY 9C to the Federal Reserve Board. These reports collect basic financial data of commercial banks in the form of a balance sheet, an income statement, and supporting schedules. The Report of Condition schedules provide details on assets, liabilities, and capital accounts. The Report of Income schedules provides details on income and expenses.
The NBS Reporting team - reports on assets, liabilities and Off balance sheet items for the Non Banking Subsidiaries of the bank domiciled in US and Outside US.
Broker dealer reporting team Supports daily and monthly activities to ensure compliance with Regulation 15c3-3 and 15c3-1
The Projects group is involved in Governance & Control and Issue management support.

Manager - Regulatory reporting
CRR is seeking a highly motivated individual seeking to expand their knowledge and expertise. The candidate will be responsible for preparation and/or review of regulatory reports/schedules/support tasks, documentation, interpretation and communication of regulatory reporting requirements, and maintenance of reporting data dictionaries. The scope of the data dictionary includes reporting requirements as prescribed in Regulatory instructions and other regulatory guidance and definitions of data attributes/elements utilized in reports; mapping of source data files from data providers to reportable lines on the schedules; data provider documentation, gap analysis, logging of issues and sign off/approvals from key business partners. Manages communication and relationships with our business partners to ensure consistent documentation and understanding of reporting requirements. Assist in issue evaluation efforts including identification, remediation, monitoring and escalation activities. This role will be focused on key banking products including but not limited to loans, deposits, derivatives, securities and trading assets.
The successful candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:
Ensure timely completion of tasks and/or submission of schedules/reports as allocated including review as required
Responsible for maintaining and ensuring completeness of process work papers and related documentation
Reporting in compliance with the US GAAP and regulatory requirements
Variance analysis, ensuring the compliance to FED requirements.
Drive and support Audit/Regulatory examination/Identify and remediate SIAI/AIAIs etc.
Understanding new technology implementation like Axiom; Analyzing database and documenting process maps and logics
Independently handle reviews/calls with the senior management, Audit, Regulators etc.
Proficient with working on various systems and applications and understand the data flows in the context of specific product domains viz. securities, investments, derivatives etc
Work closely with teams across the organization including: Enterprise Stress Test, Lines of Business, Operations & Technology, Risk, Compliance, Financial Controls and Oversight, and other GFC (Global Financial Control) teams to resolve regulatory reporting issues.
Be a quick learner and possess intellectual curiosity and proactively investigate issues
Strive for quality and accuracy and have the dependability necessary to meet strict quarterly deadlines
Pay rigorous attention to compliance procedures


CA/CWA/ CPA /MBA (Finance)
Certifications If Any

Experience Range*
6-8 years of total experience in Banking of which at least 5 years of relevant experience (combination of LEC and US Regulatory Reporting/SEC)

Foundational skills*
Strong Accounting and reporting skills
Functional Experience in technology implementation projects
Database knowledge & ability to analyze data and related flows
Proven ability to understand complex business processes and breakdown to process components
Knowledge of creating process maps
US regulatory Report preparation/review experience viz FR Y-9C, FFIEC 031/041, FR Y-15, FFIEC 009, FR 2510, FR 2590, FRY 14Q/M, FFIEC 101/102, TIC Reports, FSB Reports etc.
Strong understanding of the reporting instructions
Proficiency in Axiom- Regulatory Reporting application
Basic SQL to fetch data from the data source
Excellent communication skills
Ability to understand the financial statements pertaining to Banking Industry
Strong analytical skills with strong time management skills.
Having good exposure to MS office including MS Word, Advanced Excel (including VBA) and Power point.
Team player

Desired skills
- US GAAP knowledge is preferred
- Alteryx, Tableau, SQL, Power BI
- Understanding of Banking products like Deposits, Loans and Leases, Securities, Derivatives & commitments
Education: Any Graduate
Industry: Banking

Skills Required

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Job Detail

  • Job Id
  • Industry
    Not mentioned
  • Total Positions
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
  • Job Location
    Mumbai (Maharashtra),
  • Education
    Not mentioned
  • Experience
    6 to 8 Years