To strengthen the Bank’s financial control and governance framework through independent oversight of reconciliations, internal office accounts and GLs, control testing, exception monitoring and remediation.

The role will function as a Centre of Governance and Implementation, responsible for reviewing observations, recommendations and control requirements arising from IAD, ORM, RBI, Concurrent Audit, Statutory Auditors and other regulatory or assurance reviews, assessing their implications for Financial Management processes and driving appropriate control enhancements and implementation.

The role will ensure that identified control gaps and emerging requirements are translated into appropriate processes, preventive and detective controls, monitoring mechanisms and governance standards. It will also provide continued oversight of implementation and closure, with particular focus on data integrity, segregation of duties, timely and effective reconciliations, internal office account and GL governance, exception management, control discipline and remediation of identified gaps, thereby strengthening the Bank’s overall financial control setting and maintaining continuous readiness for regulatory, statutory, internal audit and other assurance reviews.

Additionally, based on business requirements, the role may also be utilised to support the financial closing process, financial statement preparation and review of relevant financial and regulatory disclosures, including ensuring appropriate reconciliation, substantiation, accuracy, completeness and control over information forming part of the financial reporting process.

SECTION IV: KEY RESPONSIBILITIES & KPIS OF THE ROLE

Responsibilities

- Develop and maintain a risk-based governance framework for GLs, internal office accounts, reconciliations and related financial controls.
- Review observations and recommendations from IAD, ORM, RBI, Concurrent Audit,



Statutory Auditors and other assurance reviews and assess the control enhancements required within Financial Management.
- Establish prioritisation and implementation plans for strengthening identified financial controls.
- Act as a central governance point for tracking significant control requirements and ensuring appropriate ownership and closure.
- Identify recurring control themes and recommend structural or process-level improvements.

KPIs
- Timely implementation of approved control enhancements.
- Timely closure of identified control gaps.
- Reduction in aged and recurring reconciliation and control exceptions.
- Effective tracking and governance of agreed actions.
- Drive automation and standardisation of reconciliation, exception monitoring and control-testing processes.
- Translate regulatory, audit, risk and assurance observations into sustainable process and control improvements.
- Strengthen preventive and detective controls, maker-checker discipline, segregation of duties, audit trails and management reporting.
- Coordinate implementation and remediation across relevant stakeholders and monitor progress through closure.
- Facilitate process enhancements to reduce manual intervention and strengthen control effectiveness.
- Monitor reconciliation status, aged breaks, unusual balances, inactive or blocked accounts and control exceptions across relevant GLs and internal office accounts.
- Establish dashboards and escalation mechanisms for pending reconciliations, exceptions, audit observations and remediation actions.




- Track implementation status of control improvements arising from IAD, ORM, RBI, Concurrent Audit, Statutory Auditors and other reviews.
- Provide periodic control-status reporting to the Financial Controller and relevant governance forums.
- Monitor ageing and closure of significant financial-control exceptions.
- Support monthly, quarterly and annual financial closing activities, as required, including review of key balances, reconciliations, adjustments and closing-related control requirements.
- Support preparation and review of relevant financial statement and regulatory disclosures, including validation of underlying data, reconciliation with books and maintenance of appropriate supporting documentation.
- Coordinate with relevant teams to ensure timely resolution of financial closing and disclosure-related exceptions.

Lead and develop the control and reconciliation team with clearly defined accountability, ownership and maker-checker responsibilities Work closely with Financial Management, Operations, Technology, Risk, Compliance, IAD, ORM, Vigilance and business/account-owner teams for resolution of control gaps and reconciliation exceptions.

Coordinate with Concurrent Auditors, Statutory Auditors and other independent reviewers on matters falling within the role scope.

- Perform independent and dipstick testing of reconciliations and monitor adherence to approved GL/internal-account policies, SOPs and IFC requirements.
- Review account ownership, operation, reconciliation, ageing, blocking/closure, manual entries, unusual transactions and other identified risk indicators.
- Review observations from IAD, ORM, RBI, Concurrent Audit and Statutory Auditors to identify recurring themes, control gaps and areas requiring process strengthening.

CA 15+ years ideally within a bank or financial services organization.

📌 Vertical Head - Financial Control and Governance (Mumbai)
🏢 Yes Bank
📍 Mumbai