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FINREG Specialist

Deutsche Bank

Deutsche Bank

Mumbai, Maharashtra, India · Mumbai, Maharashtra, India
Posted on Dec 16, 2024

Job Description:

In Scope of Position based Promotions (INTERNAL only)

Job Title- Global reporting, AVP

Location - Pune, India

Role Description

Finance

It is crucial for the bank to understand how profitable each businesses activity is and Finance has a responsibility to understand precisely the resource commitment the bank makes to any given client or transaction e.g. cost, capital, funding, liquidity and risk. Finance is playing a central role in keeping the bank focused on simplification and financial resource management.

With our diverse teams in 47 countries, we offer a broad portfolio of capabilities. Our key functions range from Group Finance, Treasury, Planning and Performance Management, and Investor Relations to enabling functions such as Finance Change and Administration. These teams make sure we cover all Finance specific aspects for our internal and external stakeholders such as shareholder, employees, clients and regulators. Together, it is the role of Finance to oversee all financial details for Deutsche Bank globally. Sound financial principles are at the core of everything we do. That’s why Finance is vital to the way we run our business. In a global marketplace that’s constantly evolving, being adaptable, decisive and accurate is critical.

About Global Reporting

Global Reporting teams are responsible for a range of reporting, analysis and quality assurance activities in relation to critical / key, complex and technical risk and regulatory topics that affect DB. Risk and Regulatory Analytics are part of the Group Consolidation and Reporting team within Group Reporting / Group Finance and their key stakeholders include but are not limited to:

  • Banking Regulators
  • Group Consolidation and Reporting colleagues
  • Investor Relations and Treasury
  • Business Finance
  • Credit and Market Risk Management

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

  • Best in class leave policy
  • Gender neutral parental leaves
  • 100% reimbursement under childcare assistance benefit (gender neutral)
  • Flexible working arrangements
  • Sponsorship for Industry relevant certifications and education
  • Employee Assistance Program for you and your family members
  • Comprehensive Hospitalization Insurance for you and your dependents
  • Accident and Term life Insurance
  • Complementary Health screening for 35 yrs. and above

Your key responsibilities

Solvency Team ensures timely and accurate financial, regulatory and risk reporting, in line with regulatory and statutory requirements for solvency related risk metrics such as regulatory capital, economic capital, asset quality (IFRS9), Risk weighted assets (Basel-III/IV), etc. They collaborate with relevant stakeholders to provide complete and comprehensive reporting in the financial books and records of the Bank, for the effective management of financial and accounting risk:

  • Preparation, validation, and presentation of regulatory reporting packs to key stakeholders such as external regulators, auditors, treasury, investor relations, and senior management (e.g., CFO office)
  • Perform tasks for SRT reporting as individual contributor and take responsibility on certain portfolios of this reporting to guarantee timeliness, accuracy and control.
  • Support other operational tasks of the securitization reporting team to strengthen the operational risk mitigation by diversifying task coverage across team.
  • Analysing and responding to various ad-hoc queries from regulators, auditors, and other stakeholders as mentioned above.
  • Analysis and interpretation of new regulatory requirements and collaboration with IT/algorithm teams for their implementation
  • Risk data validation and resolution of issues impacting key risk metrics such as Exposure at Default (EAD) and Risk-Weighted Assets (RWA).
  • Collaborate cross-functionally to take on ad-hoc projects towards improving data quality and operational efficiencies.
  • Conducting regular reviews and updates of roles and responsibilities within the risk data aggregation process to ensure compliance with BCBS 239 requirements.
  • Analysis and change implementation to COREP and other relevant reporting due to upcoming applicability of CRR3.

Your Skills and Experience:

  • In-depth understanding of regulatory risk topics such as Risk-Weighted Assets (RWA), Leverage Financial Exposure (FE), Expected Positive Exposure (EPE), Asset Quality, and Regulatory Capital
  • Familiarity with applicable regulations and accounting standards, such as CRR2/3, Basel3/4, and IFRS
  • Extensive experience working with the output of finance and risk systems, including regulatory reporting, risk reporting, and IFRS9.
  • Proven track record of identifying and implementing process improvements to increase efficiency and accuracy.
  • Excellent communication skills at all levels, including the ability to interact successfully with stakeholders.
  • Ability to translate complex data and financial concepts into clear and concise reports and presentations.
  • Experience in collaborating cross-functionally to take on ad-hoc projects towards improving data quality and operational efficiencies.

Education/ Qualifications

  • University degree with related majors (i.e. Financial Accounting & Auditing, Risk & Financial Management)
  • Qualified Chartered Certified Accountant, Certified Financial Risk Manager (FRM), Chartered Financial Analyst (CFA) or a similar qualification, OR
  • Relevant background in quantitative subject areas (Statistics and Math’s) would be preferred

How we’ll support you

  • Training and development to help you excel in your career.
  • Flexible working to assist you balance your personal priorities.
  • Coaching and support from experts in your team
  • A culture of continuous learning to aid progression.
  • A range of flexible benefits that you can tailor to suit your needs.

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.htm

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.