Specialist – Financial Controls

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Job Description

Job Description
Business control is the business facing control team supporting the various business/ support units. This unit is responsible for ensuring adequate control/ checks are in place, identifying, escalating and mitigating risk, resolving financial and accounting relating issues, driving group project/ initiatives etc.

• Possess knowledge of Treasury products Derivative, NOP, Money market, Investment.
• To have hands on experience of Calypso.
• Monitor the operation, procedures and controls and regularly review them to ensure that they reflect any changes in products, systems, policy and regulations
• To support in developing, implementing, and ensuring compliance with internal financial and accounting policies
• To perform reconciliation (Balance sheet, Suspense balance, interest, balances etc.) at all levels in a timely and accurate manner and following up ensuring resolution of reconciliation differences between GL & Transaction processing systems related to Business unit.
• To prepare Daily Movement/Variance Analysis report for the respective stake holders accurately and within the TAT
• Independently prepare the Monthly Account Reconciliation (MARS) and upload in the system before the deadline for the relevant entity.
• Timely substantiation of balances for each account reconciled and uploaded.
• Prepare and upload accounting entries into OGL & Finacle accurately and timely based on relevant approvals.
• Preparing/updating Standard Operating Procedures (SOP)
• Assist in preparation of monthly dashboards
• Update the Financial Controls “Task Tracker” at the requisite intervals
• Timely escalation of risk identified or deviations noted
• Co-ordinate with the concerned Units s to advise necessary action to minimize Controls Risk.
• Preparation and circulation of periodical and ad-hoc reports.
• To suggest and implement process improvements
• To work closely with Finance systems team and IT to automate processes and eliminate manual intervention to the extent possible
• Handling of ad-hoc queries/reports
• Preferably a CFA qualified.

Desired Candidate Profile
Qualified accountant/CA/ACCA/CPA/CFA – or pursuing advanced level /professional qualification in these areas
Minimum of 2 years of total work experience in the Finance function of a large bank with exposure to Financial Controls Function