VP-Finance & Control-GIFT City

Sumitomo Mitsui Banking Corporation of Canada; Gandhinagar; On-site; INR 3,500,000 - 6,000,000; Full time

Job summary

Sumitomo Mitsui Banking Corporation of Canada seeks an experienced senior accounting and tax professional for the IBU, GIFT City, Gujarat. You will set up and operate Accounting and Risk functions, maintain books, perform regulatory reporting, and support audits.

The role requires IFRS and Indian tax expertise, 10+ years in banking/financial services, and CA or IFRS/FRM qualifications. You will liaise with HO and regulators, and prepare risk reports according to IFSCA guidelines.

Qualifications

• Knowledge of IFRS and Indian tax laws.
• Strong communication and analytical skills.
• 10+ years of experience in banking/financial services.
• CA and/or IFRS/FRM qualifications preferred.

Responsibilities

• Maintain books, postings, daily controls and reconciliations.
• Prepare Financial Statements under JGAAP and IFRS.
• Manage audits and regulator reviews.
• Submit head office reports and tax compliances.
• Prepare risk reports in line with IFSCA and HO rules.

Skills

Communication

Analytical skills

Negotiation

Time management

MS Excel

Education

CA or equivalent

IFRS certification

FRM

Job description

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 150 offices and 86,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo and Nagoya stock exchanges, and its ADRs trade on the New York Stock Exchange (NYSE: SMFG).

OUR VALUES

Integrity || Customer First || Proactive & Innovative || Speed & Quality || Team "SMBC Group"

EMEA: https://www.smbcgroup.com/emea/

APAC: https://www.smbc.co.jp/asia/

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

• Knowledge – IFRS and Indian tax laws
• 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
• 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.
• Qualifications –Preference to CA and/or higher equivalent qualification in Accounting / Taxation, IFRS certification, FRM/ any other equivalent qualification