Banking & Investment
10 Jul
Manager / AVP – Risk & Control - Finance
Job Title
Manager / AVP – Risk & Control - Finance
About Business Line/Function
Position is required by a Foreign Banking Institution. Finance is one of the Key Support Functions responsible for the Financial Control of the organization. The key activities handled by the team include:
Expenses Management
Banking
Fund Management
Financial Accounting & Reporting
Compliance Management
Tax Operations
Invoicing and Collection
Audits
Producing the Financial Statements of the entity
Position Purpose
The position of this role – Risk and Controls (R&C) Function within the Local Finance Team is required to proactively identify, manage, and mitigate financial and operational risks at the local function level. This role will enhance the Local Finance Team’s ability to achieve its objectives while ensuring regulatory compliance, safeguarding assets, and promoting efficient and effective financial operations.
Responsibilities
Direct Responsibilities
Identify and Assess Risks
Recognize and evaluate risks specific to the Local Finance Team’s operations, transactions, and reporting processes.
Develop and Maintain Effective Controls
Implement controls to reduce the impact of identified risks and enhance financial reporting accuracy.
Ensure Compliance
Ensure that local financial operations align with applicable regulatory standards, organizational policies, and internal controls.
Support Financial Integrity
Improve the integrity and reliability of financial data through risk mitigation practices.
Promote a Risk-Aware Culture
Foster a proactive risk management mindset within the ISPL Local Finance Team.
Collaboration with OPC and 2LoD
Act as a coordinator for all communications between ISPL Finance and other controllers.
Local Financial Operations
Cover activities specific to the Local Finance Team, including financial reporting, invoicing, accounting, expense review, and cash flow management.
Local Compliance
Ensure compliance with local regulations, tax laws, and reporting standards.
Risk Monitoring and Incident Reporting
Establish processes for continuous monitoring of risks and prompt reporting of control failures or incidents.
Manage requests from the Group and ensure smooth stakeholder management.
Core Responsibilities
Risk Assessment and Mitigation
Identify and assess risks specific to local operations, design control measures, and implement risk mitigation strategies.
Control Testing and Monitoring
Conduct periodic testing to ensure controls are effective, report gaps, and recommend improvements.
Compliance Management
Track local regulatory requirements, ensure compliance, and collaborate with the Compliance department on any changes in laws or standards.
Fraud Prevention
Establish and maintain fraud detection and prevention controls to secure assets.
Documentation and Incident Reporting
Document incidents or control breakdowns, report findings, analyze root causes, and recommend corrective actions.
Training and Awareness
Conduct regular training to build awareness of risk management practices within the Local Finance Team.
Collaboration with Risk ORM, OPC, and 2LoD teams
Act as a conduit between ISPL Finance team and other teams for reviews and controls monitoring.
Incident Management and Reporting
Report all incidents in the 360 tool and ensure adequate reporting and risk coverage.
Technical & Behavioral Competencies
Strong analytical skills, detail orientation, service commitment, solid organizational and interpersonal skills.
Ability to work independently and in a team environment, prioritize multiple tasks, and meet strict deadlines.
Proficient in Microsoft Office Applications, strong MS-Word & Excel skills required.
Excellent communication skills and ability to manage a stressed work environment.
Strong result-oriented and self-driven.
Willingness to travel as required, as the team is split between Chennai and Mumbai.
Specific Qualifications
Chartered Accountant (CA) with 10 to 12 years of post-qualification experience in the relevant industry.
Skills Referential
Behavioral Skills
Ability to collaborate / Teamwork
Creativity & Innovation / Problem solving
Attention to detail / Rigor
Ability to deliver / Results driven
Transversal Skills
Ability to manage a project
Ability to inspire others & generate people's commitment
Analytical Ability
Ability to understand, explain and support change
Ability to develop others & improve their skills
Education Level
Master Degree or equivalent
Experience Level
At least 10 years