Job details
This position provides full leadership and supervisory responsibility. Provides operational/service leadership and direction to team(s). Applies in-depth disciplinary knowledge through provision of value-added perspectives or advisory services. May contribute to the development of new techniques, models and plans within area of expertise. Strong communication and diplomacy skills are required. Generally has responsibility for key metrics end results and shared responsibility for planning and budgets. Work affects an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family. Full supervisory responsibility, ensuring motivation and development of team through professional leadership to include duties such as performance evaluation, compensation, hiring, disciplinary and terminations as well as direction of daily tasks and responsibilities.
Responsibilities:
- This role will manage the Risk & Control, regulatory reporting, audits, system enhancements & other activities for various Cash Credit Overdraft (CCOD) & corporate loan related function
- Applies in-depth knowledge of concepts, regulatory guidance and procedures within own area to develop and enhance controls & reporting, SLA management, MCA (Management Control Assessment) testing
- Applies in-depth knowledge of concepts and procedures within own area to resolve issues related to CCOD & loan documentation processes
- Responsible for escalating control gaps and issues to senior management
- Identifies CCOD & loan related control deficiencies and implements appropriate procedures and solutions to mitigate any risk or control losses
- Oversee/ lead various audits like business specific IA, concurrent audit, US GAAP, RBI’s Risk Based Supervision, Business monitoring
- Drive technology solution for regulatory/non regulatory and bring the projects to closure within the agreed timelines. Provide updates to senior management and all relevant stakeholders on the progress. Highlight risk emanating in meeting the timelines
- Monitoring and timely resolution of all exceptions including suspense, deferred, cash breaks
- Resolves complex problems where the analysis of situations or data requires an in-depth evaluation of loan procedures and industry standards
- Creates, develops and maintains effective relationships with colleagues, management, internal/external clients and stakeholders, and seeks to understand their needs and provides solutions
- Regulatory reporting is an active and dynamic part of the unit. The role will required to perform, review, validate & own multiple reporting arising basis the request from the regulator, monthly, quarterly. Should be able to assess the reporting at onset and initiate preparation
- Manage the automation of regulatory reporting to enhance the control
- Responsible to review and maintain the updated SOPs for all processes
- Directly impacts the area through shared responsibility for delivery of end results and formulation of procedures/process improvement
- Provides value-added perspective or advice that contributes to the development of new techniques and the improvement of the loan documentation processes for the area
- Resolves complex problems where the analysis of situations or data requires an in-depth evaluation of loan procedures and industry standards
- Manage system enhancement & automation projects
- Provides evaluative judgment based on analysis of factual information in complicated and unique situations, mostly but not limited to the loan documentation process
- Assumes informal/formal leadership role within the team, is involved in the coaching and training of new recruits, and provides guidance and support to junior staff
- Creates, develops and maintains effective relationships with colleagues, management, internal/external clients and stakeholders, and seeks to understand their needs and provides solutions
- Persuades and influences others through collaborative communication skills; may negotiate with external parties
- Individuals are expected to be a subject matter expert in one (or more) specific skill sets, business areas or products
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:
- 8-10 years of experience
- Energetic leader who can lead and drive initiatives and deliverable
- Sound knowledge of financial products, accounting principles and practices
- Experience of regulatory reporting for Indian market preferred
- Experience in managing different types of audits is preferred
- Experience in Reconciliations & Breaks management is preferrable
- High degree of numeracy, an analytical approach to tasks and problem-solving skills are essential
- Ability to work under a fast-paced environment, detail-oriented
- Can work well under pressure and multi-task
Education:
- MBA or a Master's in a specialized field relevant to Finance & Banking. Graduates with deep product knowledge & experience can also be considered.
- Chartered Accountants are preferred.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Operations - Transaction Services------------------------------------------------------
Job Family:
Loan Documentation and Processing------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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