Team Member - Central SOX Team - Finance (IFC)

HDFC Bank Limited; Mumbai; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Hdfc Bank seeks a compliance and controls professional to ensure FATCA/CRS compliance, oversee SOX/IFC internal controls, and coordinate with internal and external audits. The role includes advising on remediation, documenting processes, and updating RCMs and process flows to support CBDT reporting.

The candidate will review Form 61B, map GLs to processes, and ensure timely CBDT portal submissions, working with various departments and consultants.

Qualifications

• Analyze and interpret FATCA/CRS laws.
• Advise internal departments and liaise with consultants.
• Reconcile data and reports across periods.

Responsibilities

• Analyses FATCA/CRS compliance and SOX controls scope.
• Advise on remediation of accounts and document preparation.
• Define system requirements and logics to identify reportable customers.
• Verify Form 61B for completeness and upload returns to CBDT portal.
• Ensure SOX & IFC regulatory updates and internal controls compliance.
• Coordinate ITGC assessments and map GLs to processes.
• Update process flows and RCMs; collaborate with internal/external audit and process owners.

Job description

Job Purpose

Ensure SOX & IFC compliance as required under the Sarbanes-Oxley Act and Indian Companies Act 2013. Support FATCA & CRS implementation and reporting to CBDT.

Key Responsibilities

FATCA/CRS compliance

Analyze and interpret FATCA/CRS laws.

Advise internal departments and liaise with consultants.

Reconcile data and reports across periods.

Due diligence process

Advise on remediation of accounts and document preparation.

Guide foreign branches on FATCA/CRS rules and forms.

System enhancement

Define system requirements and additional fields.

Develop logics for identifying reportable customers.

Review of form 61 B

Verify and review Form 61 B for completeness.

Upload returns on the CBDT reporting portal.

SOX & IFC Regulatory update

Ensure compliance with SOX 404 internal controls.

Planning

Ensure Planning responsibilities are completed.

Documentation

Ensure Documentation responsibilities are completed.

Review of SOX processes

Identify deficiencies and recommend improvements.

Report design deficiencies to senior management.

Coordination

Assess ITGC applications and financial implications.

Map GLs to processes and review trial balance scoping.

Update and prepare process flows and RCMs.

Collaborate with Internal/External Audit and process owners.