Details of the Organization

Navi is one of the fastest-growing financial services companies in India providing Personal & Home Loans, UPI, Insurance, Mutual Funds, and Gold. Navi's mission is to deliver digital-first financial products that are simple, accessible, and affordable. Drawing on our in-house AI/ML capabilities, technology, and product expertise, Navi is dedicated to building delightful customer experiences.

Details of the Job/Internship

Navi is hiring for the position of Associate Manager II - Regulatory Reporting (GI) with 5-6 years of experience to join their office in Bengaluru. 

Role and Responsibilities

• Regulatory Reporting: Compile, review, and submit regulatory reports in accordance with established deadlines and guidelines. Ensure the accuracy and integrity of data used in regulatory reporting by conducting thorough validations and reconciliations.
• Regulatory Reporting Analysis: Stay updated with changes in insurance regulations and reporting requirements, and ensure timely implementation of any necessary changes.
• Internal Collaboration: Collaborate with internal stakeholders, including finance, risk
• management, and legal departments, to gather necessary data and ensure compliance with regulatory standards.
• Process Enhancement: Analyze complex insurance data to identify trends, discrepancies, and areas for improvement in regulatory reporting processes.
• Documentation: Develop and maintain documentation of regulatory reporting processes, procedures, and controls.
• Audit and Examination Support: Respond to inquiries from regulatory authorities and assist in regulatory examinations or audits as needed.
• Provide guidance and support to other team members on regulatory reporting matters.
• Participate in special projects or initiatives related to regulatory compliance and reporting as assigned including but not limited to Integration and automations.
• Continuously evaluate and enhance the efficiency and effectiveness of the regulatory reporting process. Identify opportunities for process optimization, automation, and improved data quality.
• Audit and Examination Support: Facilitate and support internal and external audits, examinations, and inspections related to regulatory reporting compliance.
• Conduct periodic assessments to identify potential compliance risks and gaps in regulatory reporting. Develop and implement corrective action plans to mitigate identified risks.

Eligibility

• Bachelor's degree in law, company secretary, finance, accounting, business administration, or a related field.
• Minimum of 5-6 years of experience in regulatory compliance reporting within the financial sector.
• Excellent analytical skills and attention to detail.
• Strong data management skills, including proficiency in data validation, reconciliation, and analysis.
• Advanced proficiency in Microsoft Excel and familiarity with data reporting and visualization tools.
• Effective communication skills to convey complex regulatory concepts clearly and concisely to diverse audiences.
• Ability to work collaboratively in a team-oriented environment and lead cross-functional initiatives.
• Strong organizational skills and ability to manage multiple tasks and deadlines simultaneously.

Salary/Stipend

Compensation details will be finalized during the interview process with the selected candidate.

Type of Opportunity

Fulltime

Country

India

State

Karnataka

City

Bengaluru

Address

Bengaluru, Karnataka