VP-Finance & Control

Sumitomo Mitsui Banking Corporation (SMBC); Gandhinagar; On-site; INR 4,000,000 - 6,000,000; Full time

Job summary

Sumitomo Mitsui Banking Corporation (SMBC) seeks an experienced accounting and regulatory reporting lead at IBU, GIFT City, Gujarat. You will independently set up and operate the Accounting and Risk function, maintain books, prepare financial statements, and manage regulatory reporting.

Requires 10+ years in banking/finance with IFRS exposure, Indian tax knowledge, and CA or equivalent qualification. Strong communication and cross-functional liaison skills are essential for success.

Qualifications

• Knowledge of IFRS and Indian tax laws.
• Strong communication and analytical skills with decision-making in ambiguity.
• 10+ years in banking/financial services with IFRS exposure.
• CA and/or IFRS FRM or equivalent qualification preferred.

Responsibilities

• Maintain books of accounts, reconciliations, and daily controls.
• Prepare financial statements under JGAAP/IFRS and regulatory reports.
• Handle audits and external reviews by regulators.
• Submit head office reports and manage direct/indirect tax compliance.
• Prepare risk reports (Credit/Market/Liquidity/Operational) per IFSCA rules.

Education

CA or higher equivalent

Tools

MS Excel

Job description

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