AVP, Finance

About the Role

To manage the financial operations of the organisation, ensuring the accuracy, integrity, and reliability of financial reporting. The role is located in Mumbai.

Key Responsibilities

• Lead the preparation and review of regulatory reporting submissions to the Reserve Bank of India (RBI).
• Ensure adherence to financial control standards.
• Manage a team and face off with auditors and regulators during inspections and reviews.
• Manage the preparation and presentation of accurate and timely financial statements and other accounting records in accordance with relevant accounting standards, rules, and regulations.
• Support the identification, assessment, and mitigation of financial risks, and report on these risks to senior colleagues.
• Develop and maintain a robust system of internal controls to safeguard assets, ensure no fraudulent misreporting, and ensure the accuracy of financial data, including regular assessment of internal control effectiveness.
• Develop and implement up-to-date financial policies and procedures.
• Manage the selection, implementation, and maintenance of financial systems and software applications, collaborating with IT colleagues for integration.
• Prepare and submit statutory and regulatory reports to authorities, and provide support to other departments for their regulatory reports.
• Coordinate with external auditors and regulatory authorities for audits and examinations.
• Advise and influence decision-making, contribute to policy development, and take responsibility for operational effectiveness.
• Collaborate closely with other functions/business divisions.
• Lead a team performing complex tasks, using well-developed professional knowledge and skills.
• Set objectives and coach employees, appraise performance, and determine reward outcomes.
• Lead collaborative assignments and guide team members, identifying the need for other specialisations.
• Identify new directions for assignments and/or projects, using cross-functional methodologies.
• Consult on complex issues, providing advice to People Leaders to resolve escalated issues.
• Identify ways to mitigate risk and develop new policies/procedures for the control and governance agenda.
• Take ownership for managing risk and strengthening controls.
• Perform work related to other areas, understanding how they coordinate and contribute to organisational objectives.
• Collaborate with other business-aligned support areas to stay updated on business activity and strategy.
• Engage in complex analysis of data from multiple internal and external sources to solve problems creatively and effectively.
• Communicate complex information, including sensitive or difficult-to-convey content.
• Influence or convince stakeholders to achieve outcomes.

Requirements & Tech Stack

• Strong grasp of RBI guidelines, internal controls, and regulatory processes.
• Excellent analytical skills.
• Attention to detail.
• Ability to manage deliverables while coaching a team.
• Qualified Chartered Accountant with post-qualification experience.
• Good understanding of RBI regulations around BASEL III, Capital Adequacy norms, ALM norm, and Treasury returns.
• Experience in Non-Banking Finance Companies (NBFCs) is a must.
• Well-versed with India Gaap, IFRS, and IndAS accounting standards.
• Understanding of internal financial control requirements.
• Experienced in managing financial audits and regulatory inspections.
• Strong ownership and problem-solving mindset.
• Ability to promote and develop a team with the right cultural mindset.
• Should be able to drive automation initiatives.
• Complete understanding of the Reserve Bank of India guidelines for NBFCs.

Qualifications

• Duly experienced in managing junior team members.
• Ability to prioritize multiple regulatory deliverables.
• Effective stakeholder management.
• Ability to work in a demanding environment.
• Strong verbal and written communication skills.

Assessment may focus on:

• Accuracy, completeness, and timeliness of RBI deliverables.
• Understanding of regulations and control frameworks.
• Stakeholder management (e.g., auditors, regulators).
• Team management and performance oversight.
• Responsiveness to ad-hoc queries and inspections.

Barclays Values:

• Respect, Integrity, Service, Excellence, Stewardship.

Barclays Mindset:

• Empower, Challenge, Drive.