Senior Regulatory Reporting Analyst

IDFC FIRST Bank; Mumbai; On-site; INR 1,800,000 - 2,400,000; Full time

Job summary

IDFC FIRST Bank in Mumbai seeks a Senior Regulatory Reporting Analyst to prepare and establish diverse financial analyses, quantify opportunities, project outcomes, and calculate capital adequacy. The role supports management with timely data and maintains MIS, generating reports to aid decisions.

It requires strong analytical skills, financial modeling, and regulatory reporting expertise, with the ability to coordinate with Technology and various functions.

Qualifications

• Strong analytical and financial modeling abilities.
• Proficient in financial reporting and regulatory compliance.
• Excellent communication and collaboration skills.
• Attention to detail and accuracy in reporting.
• Ability to manage multiple tasks and meet deadlines.

Responsibilities

• Prepare financial analyses and regulatory reports in a timely manner.
• Maintain MIS system and generate periodic analytical reports.
• Coordinate with cross-functional teams to support financial analysis.
• Perform month-end closing activities and account reconciliations.
• Assist in audits and implement corrective actions as needed.
• Produce daily cash flow reports and monitor outstanding payments.
• Support management with ad-hoc financial analyses.

Skills

Analytical skills

Financial modeling

Regulatory reporting

Communication

Detail-oriented

Multi-tasking

Education

Bachelor's degree in Finance/Accounting/Engineering

MBA/PGDM

CA (Chartered Accountant)

Job description

Job Requirements

About the Role

The Senior Regulatory Reporting Analyst is responsible for preparing and establishing various financial analyses, quantifying opportunities, projecting financial outcomes, and calculating capital adequacy. The role supports management with accurate and timely financial data within defined standards and guidelines. The analyst maintains the MIS system and generates periodic analytical reports to facilitate decision-making. Additionally, the role involves liaising with different functions for financial analysis support and performing ad-hoc analyses requested by senior management.

Key Responsibilities

Primary Responsibilities

• Perform financial and accounting-related activities in a timely manner.
• Manage day-to-day operations to ensure processes are executed within agreed SLAs.
• Perform month-end closing activities such as revenue accounting, expense accounting, and account reconciliation.
• Manage accounts payable and receivable activities, including credit and collection.
• Undertake regular self-assessments to actively manage and mitigate new risks.
• Measure financial ratios such as solvency, profitability, and growth to determine the bank’s financial position and propose enhancements.
• Work closely with Technology to ensure systems accommodate regulatory requirements and process improvements.
• Ensure operational documentation is maintained and meets best-in-class standards.
• Prepare financial and accounting reports in accordance with bank and regulatory rules and regulations.
• Maintain MIS parameters as per guidelines and identify process improvements for data collection and report generation.
• Maintain accurate financial data and reports for submission to senior management.
• Maintain funds transfer pricing processes to measure performance of different business units.
• Address financial issues and inquiries in a timely manner.
• Prepare daily cash flow reports and register all outstanding payment records.
• Participate in regular audits and recommend corrective financial action plans.
• Conduct analytical reviews of financials to support decision-making.

Secondary Responsibilities

• Establish a properly staffed and appropriately trained Finance function.
• Capture and share best-practice knowledge among the team.
• Leverage in-house synergies through collaboration with internal stakeholders.
• Stay abreast of global market trends and competitor strategies in key markets.
• Create an environment that promotes collaborative learning and collective ownership of responsibilities.

What We Are Looking For

Education

• Bachelor’s degree in Engineering, Technology, Mathematics, Commerce, Arts, Science, Biology, Business, Computers, or Management.
• Post-graduate degree: MBA or PGDM.
• Professional Qualification/Certification: Chartered Accountant (CA).

Experience

• Minimum 7 years of total experience in relevant financial and regulatory reporting roles.

Skills and Attributes

• Strong analytical and financial modeling skills.
• Proficiency in financial reporting and regulatory compliance.
• Excellent communication and collaboration abilities.
• Attention to detail and commitment to accuracy.
• Ability to manage multiple tasks and meet deadlines.