VP-Finance & Control

Section 1: Purpose of the position

• Candidate will be responsible for accounting profile at IBU, GIFT City, Gujarat
• To independently set up and operate Accounting and Risk function at International Business Unit (IBU), GIFT City, Gujarat.
• To maintain books of accounts, reconciliations, daily control activities, Head office / regulatory reporting, periodic Financial statement preparation and audit handling.
• To manage Direct and Indirect tax compliances
• To prepare all the prudential reports in line with IFSCA regulation.
• To understand and prepare HO risk ratios and explain the management as well as supervisor whenever required.

Section 2: Job Responsibilities

Financial Accounting, Taxation, Regulatory reporting and Risk

• Maintain books of Accounts including postings, managing daily controls includes Bank reconciliation etc.
• Preparation of Financial Statements [JGAAP and IFRS]
• Manage audits/ external reviews like statutory audit, review by regulators etc
• Preparation and submission of Head office related reports.
• Manage all direct and indirect tax compliances, as applicable, for the IBU
• Mange periodic reporting to IFSCA and any other regulators, as may be required
• Liaise with advisors / external consultants and internal stakeholders
• Prepare Credit / Market/ Liquidity / Operational Risk Reports in line with IFSCA and HO rules.

Section 3: (a) Knowledge (b) Skills (c) Experience (d) Qualifications

1. Knowledge IFRS and Indian tax laws
2. Skills – Strong Communication and analytical skills, good negotiation skills and decision-making abilities in ambiguous situation, Discipline related to timeline/deadline adherence and punctuality, MS- excel proficiency
3. Experience: 10+ years of experience, in Banking/ Financial services, Foreign/India Banks, exposure to IFRS, working knowledge of taxation including international Transfer pricing, understanding of Bank Financial statements and products, experience of working in a cross-cultural environment.
4. Qualifications –Preference to CA and/or higher equivalent qualification in Accounting / Taxation, IFRS certification, FRM/ any other equivalent qualification