Associate, Specialist, Operations, Shared Services-Reconcili …, Mumbai

Business Function Group Technology and Operations (T&O;) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O;, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels Job Purpose The candidate would be responsible for managing the various reconciliation, regulatory reporting and GLAO activities in COCU. The candidate will provide supervision and oversight to the team, oversee new Product recon and control design, manage automation projects for current products and regulatory returns and certify the GLAO substantiations. Needs to identify the risk & control issues through continuous monitoring and investigation of breaks. The said candidate needs to collaborate with various stake holders on matter of reconciliation methodology, regulatory reporting, and control aspects for seamless functioning of the unit. Staff needs to oversee the day-to-day preparation of reconciliation by the team, ensure timelines are meet for recons and returns, manage audit and regulatory responses and guide the ensure the unit is carrying out the activities in a comprehensive manner to ensure that the control environment is robust. General Ledger substantiation & certifications of the Balance Sheet accounts and highlighting breaks if any in line with the defined policies of the bank. To supervise various process reviews and collaborate with units to ensure risk is mitigated in operational processes Requirements Responsibilities
- Responsible for overseeing various Daily reconciliation of suspense & clearing accounts in a timely and accurate manner whilst identifying breaks.
- Supervise Investigation of breaks and ensure timely followup and escalations
- Ensure Regulatory reporting’s are carried out in a timely and accurate manner.
- Provide management MIS and assist in responding to audit/regulatory queries.
- Oversee Internal account governance, support CDR reporting, statutory audit and regulatory submissions.
- Sound understanding of local laws and regulation applicable to the reporting entity.
- Highlighting risks if any which are identified as a part of performing reconciliations and necessary regulatory reporting.
- Resolution of the gaps identified by carrying out a root cause analysis & ensuring a permanent fix is put in place. Essential
- Prior experience in in handling Reconciliation / Regulatory reporting / Governance & Control team. Desirable
- Experience of min 7 years in any of the above listed functions.
- Experience in conduction UAT’s and having experience of leading projects on automation.
- Working knowledge of Payment Operations & Trade. Technical Competencies
- In depth knowledge of operational processes around Retail Asset/Liability Operations, Trade Operations and/or Payment operations
- Regulatory guidelines (RBI & other local regulatory/statutory bodies)
- en Location: Mumbai Job: Operations Schedule: Regular Employee Status: Full time Apply on Kit Job: kitjob.in/job/4lo5z5