VP-Finance & Control-GIFT

Position: VP-Finance & Control-GIFT City
COMPANY OVERVIEW
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

Americas:
EMEA:
APAC:
Tokyo:

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