Controllers - SOX Compliance _ Emerging Lead

State Street.
Bangalore, India
Not disclosed
24 Nov 2020
25 Nov 2020
Contract type
Full time
Experience level
Qualified accountant

Job Description

Basic Purpose of Job:

A significant part of State Street’s Finance Controllership processes have been centralized within the firm’s three global Hubs in India, China and Poland. The India Hub plays a key role, having coverage of all aspects of the Controllership organization. Over the last couple of years, the Hub has expanded its capabilities by taking in increasingly complex roles with primary focus on attaining accountability & ownership of end to end process capabilities.

The Financial and Regulatory Assurance (FRA) & Regulatory Reporting (RR) departments within the Controllers’ Hub is looking for finance professionals who have prior exposure to a bank’s RR function, Basel reporting, Recovery and Resolution Planning (RRP), SOX Compliance etc. The invidual should have the ability to interpret regulatory guidelines, test & evaluate controls. Ability to manage stakeholder expectations and working closely with a wide cross section of teams within the Finance organization that supports the regulatory deliverables, are pre-requisites for the role.

This is an excellent opportunity for finance professionals to strengthen their domain expertise, work in a professional enviornment with global teams and build their career with good mobility options offered within the Hub. Our co-location with FP&A and Global delivery teams enables opportunities to connect the dots across teams and build long term career.

Responsibilities & Tasks Include:

  • Timely and accurate preparation of periodic reports to applicable global regulators
  • Assess, design, document and test the operating effectiveness of key controls
  • Analyze financial data in order to complete filings, understand fluctuations and uncover potential inaccuracies
  • Perform edit check reviews, draft remediation plan & implementation there-of
  • Perform reconciliations across products, reports and schedules
  • Partner closely with Audit team to understand findings from testing performed
  • Prepare monthly management reports
  • Stay informed of regulatory changes and work with management to develop processes for implementation of new reporting requirements
  • Create and maintain process documentation i.e., process flowcharts, risk and control matrix etc
  • Job Requirements:

    Education and Experience

  • Masters in Finance (MBA/PGDBM), Chartered Accountant (CA) and/or Certified Public Accountant (CPA)
  • Certified Internal Auditor (CIA) / Chartered Financial Analyst (CFA) certification or candidate is a plus
  • Familiarity with Basel, BCBS (239), FRB regulations and/or SEC requirements associated with the Financial Services Industry
  • Familiarity with financial products and financial institution operations
  • Financial and accounting skillset – knowledge of regulatory reports and forms
  • Understanding of the control environment
  • Ability to use Bloomberg terminal would be plus
  • Skills

  • Proficiency in Microsoft Office suite (Excel, PowerPoint, Word)
  • Excellent communication, documentation and organizational skills
  • Strong Analytical and problem solving skills
  • Ability to work with other departments and represent the team in a positive manner
  • Strong attention to detail and accuracy
  • For further information, and to apply, please visit our website via the “Apply” button below.

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