Sector
BFSI
Keyword

Financial Controller

Financial Examiner

Minimum ? Bachelor?s degree in Accounting or Business Administration

Will be updated

The tasks a Financial Examiner is expected to perform include:

Enforcing or ensuring compliance with laws and regulations governing financial and securities institutions, and financial and real estate transactions

Directing and participating in formal and informal meetings with bank directors, trustees, senior management, counsels, external accountants and consultants in order to gather information and discuss the findings

Investigating the activities of institutions in order to enforce laws and regulations, and to ensure legality of transactions and operations or financial solvency

Proficiency in preparing reports, exhibiting and other supporting schedules that detail an institution's safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions

Adept at recommending actions to ensure compliance with laws and regulations, or to protect solvency of institutions

Well-versed with resolving problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts

Knowledge of reviewing audit reports of internal and external auditors in order to monitor adequacy of scope of reports or to discover specific weaknesses in internal routines

Proficiency in reviewing balance sheets, operating income and expense accounts , and loan documentation in order to confirm institution assets and liabilities

Adept at verifying and inspecting cash reserves, assigned collateral, and bank owned securities in order to check internal control procedures

Well-versed with conferring with officials of real estate, securities, or financial institution industries in order to exchange views and discuss issues or pending cases

Knowledge of establishing guidelines for procedures and policies that comply with new and revised regulations, and directing their implementation

Knowledge of examining, verifying correctness of, or establishing authenticity of records

Strong interpersonal skills

Good written and oral communication skills

Multitasking skills

Logical thinking

Energetic

Motivated

Detail-oriented

It is a desk job

Need not handle a team

Local travelling is not part of this job role

Part-time work and contractual jobs are available in some cities

Work from home option is not available

Working hours
Working hours are 10/12 hours everyday for 5/6 days a week. This may vary from company to company

Shift system maybe available

Is the job suitable for a candidate with special needs?
Maybe

This job is not considered to be hazardous or dangerous

Occupational hazards include strain on eyes, cervical and lumbar spondylosis, carpal tunnel syndrome, mental stress, etc.

For freshers - INR 50,000 to INR 55,000 per month

(These figures are indicative and subject to change)

Overview of Banking, Financial Services and Insurance Industry in India

The BFSI industry is one of the fastest growing sectors in the country. Public Sector Banks (PSB) and Non-Banking Financial Companies (NBFC) have been the leading employers in the Indian banking sector, accounting for more than 73 per cent employees. PSBs are much ahead of Private Sector Banks in expanding overseas presence, accounting for over 90% of 171 overseas branches as of FY13.

Banking credit is expected to grow at a CAGR of 17 per cent during 2012-13 to 2016-17. The banking and NBFCs are expected to generate around 1.5 million new jobs between 2013?14 and 2016-17 on account of business expansion, retirement primarily in PSBs and entry of new banks in the private sector.

The sector currently employs over 2.55 million employees and is slated to employ more than 4.2 million employees by 2022. This implies additional creation of 1.6 million jobs in the nine-year period. Keeping in mind the current employment, and the expected growth in the Banking and NBFC, we project that the total employment in the particular segment would increase from about 1.89 million in 2013 to 3.2 million jobs in 2022, which translates to an incremental human resource requirement of about 1.3 million jobs. All these factors mean that there will be a huge demand of Financial Examiner across towns and cities in India.

Banking companies across India

Financial companies across India

Towns and cities across India