Role & responsibilities: This position will be an integral part of the Regulatory Reporting Division. As a member of the Regulatory Team, the primary responsibility is to ensure the effective implementation and maintenance of internal control procedures for all reporting. The manager/leader is responsible for the design, implementation, and monitoring of the reporting system. This includes developing and maintaining processes as well as conducting 100% reconciliations to prevent any incorrect reporting, ensuring the accuracy of financial and collateral reporting, and complying with applicable laws and regulations. The candidate should have solid knowledge of stock broking frameworks in the financial services industry. Periodic reviews of processes will be conducted, including risk analysis, gap analysis, and operational risk assessments. Preparing risk indicator dashboards, ensuring regulatory assurance, exception reporting, and coordinating with internal and external stakeholders for smooth processing will also be part of this job. Identify potential risks and control gaps through assessments and data analysis. Design and implement controls to mitigate identified gaps and prevent financial losses. Monitor the effectiveness of reporting mitigation measures and recommend improvements as necessary. Develop and maintain the system, including norms, ensuring the accuracy of financial reporting and compliance with applicable laws and regulations. Collaborate with stakeholders to implement control-related initiatives and ensure accountability. Document findings, recommendations, and action plans arising from reviews. Maintain accurate records and logs for audits and regulatory examinations. Stay up-to-date with relevant laws, regulations, and industry standards affecting the financial services sector. Ensure compliance with internal policies as well as external regulatory requirements. Monitor the effectiveness of the internal system and make recommendations for improvement. Collaborate with cross-functional teams to streamline processes and improve operational efficiency. Identify opportunities to automate or optimize control procedures and enhance the accuracy and reliability of information. Prepare and present reports on the results of internal control assessments to management. Preferred Skills and Knowledge: Solid knowledge of stockbroking frameworks in the financial services industry. Experience in conducting risk assessments, internal audits, or compliance reviews. Familiarity with financial systems, processes, and regulatory requirements specific to the financial services sector. Strong analytical and problem-solving skills, with the ability to identify control deficiencies and recommend appropriate solutions. Excellent communication and interpersonal skills to effectively collaborate with stakeholders at all levels. Attention to detail, high ethical standards, and the ability to handle sensitive and confidential information. I) Generic Capabilities Vision and Strategic Orientation: Developing, communicating, and aligning others around the organization's vision and strategy for the future. Taking a long-term perspective on problems and opportunities and proposing innovative strategies that leverage the organization's competitive advantage. Planning and Organizing: Effectively managing time and resources to achieve short- and long-term goals, balancing detail orientation with speed of execution while planning and prioritizing. Teamwork: Leveraging individual and collective capabilities to work seamlessly. Sacrificing one's own agenda in the interest of the team/organization. Fostering a cooperative and collaborative work environment. Facilitating Change: Demonstrating flexibility and a willingness to embrace change. Proactively challenging the status quo and championing change management initiatives within the workplace. Communication Skills: Conveying ideas and opinions (both verbal and written) in a clear, concise, timely, and understandable manner. Listening, empathizing, and using the appropriate content, mode, and style of communication to suit the target audience. Creativity and Innovation: Demonstrating the ability to challenge the status quo, think outside the box, and come up with new, practical solutions. Fostering a climate that encourages creativity and innovation. Drive for Results: Maintaining a focused commitment to achieving results despite unanticipated obstacles. Setting challenging goals and standards of excellence for oneself and the team and continuously evaluating performance against these standards. Problem Solving and Decision Making: Identifying and resolving problems and making decisions in a timely manner after thorough analysis of all relevant sources and options, keeping in mind the current and future impact of these decisions on the company's objectives. Developing Self and Others: Valuing continuous learning by fostering a climate for the development of oneself and others based on the needs of the organization and the individual, while providing coaching support and feedback. II) Technical/Specialist Skills & Knowledge Expected For This Role Effective Communication Skills: Knowing when to speak, what to speak about, and how to speak. Writing & Presentation Skills: Proficient in email generation and note-making, with content that reflects an intelligent, creative, and well-read mind. Proficiency in MS Office: Demonstrating good hands-on skills in MS Office. Relevant Work Experience: A minimum of 5-6 years of experience in internal control handling in a reputable organization. III) Academic Qualification 1. A Graduate/Post Graduate2. Excellent Interpersonal and Communication Skills.
