Financial Controller - Consultant

OVERVIEW KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 156 countries and have 152,000 people working in member firms around the world. KPMG in India, a professional services firm, is the India member firm of KPMG International and was established in September 1993. Our professionals leverage the global network of firms, providing detailed knowledge of local laws, regulations, markets and competition. KPMG in India provide services to over 4,500 clients, in India. KPMG has offices across India in Delhi, Chandigarh, Ahmedabad, Mumbai, Pune, Chennai, Bangalore, Kochi, Hyderabad and Kolkata. The India firm has access to more than 7,000 India and expatriate professionals, many of whom are internationally trained. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the India business environment. KPMG Advisory professionals provide advice and assistance to enable companies, intermediaries and public sector bodies to mitigate risk, improve performance, and create value. KPMG firms provide a wide range of Risk Consulting, Management Consulting and Transactions & Restructuring services that can help clients respond to immediate needs as well as put in place the strategies for the longer term. With increasing regulatory requirements, the need for greater transparency in operations, and disclosure norms, stakeholders require assurance beyond the traditional critique of numbers. Hence assurance is being increasingly required on industry issues, business risks and key business processes. The Governance, Risk & Compliance Services practice assists companies and public sector bodies to mitigate risk, improve performance and create value. We assist our clients to effectively manage business and process risks by providing a full spectrum of corporate governance, risk management, and Compliance Services. These services are tailored to meet client’s individual needs, and provide effective support to management in meeting the challenges and opportunities presented by today's complex business environment. Our professionals provide the experience to help companies stay on track and deal with risks that could unhinge their business survival. Our services enable clients to effectively co-ordinate their key growth, quality and operational challenges and working in partnership with us, clients have the benefits of KPMG's experienced, objective, and industry-grounded viewpoints. Role Overview The role is responsible for assessing, documenting, and managing IFRS 9, Variable Interest Entity (VIE), and Step‑In Risk requirements in line with CRR/CRD regulatory expectations. The individual will work across Finance, Risk, Legal, Business, Operations, and Accounting Policy teams to ensure robust governance, accurate consolidation assessments, and compliant disclosures. Key Responsibilities Technical Accounting & Regulatory Expertise Demonstrate strong working knowledge of IFRS 9, including classification, measurement, impairment, and derecognition concepts. Apply VIE accounting principles, including control assessments, consolidation decisions, and ongoing monitoring requirements. Assess and interpret Step‑In Risk under CRR rules, including the risk of non‑contractual financial support provided to unconsolidated entities. Perform analysis on groups of connected entities, identifying control, influence, guarantees, funding dependencies, and reputational considerations. Evaluate consolidation and non‑consolidation structures, including SPVs, funds, joint arrangements, and structured entities. Step‑In Risk Assessment & Governance Identify potential step‑in risk triggers across legal entities, vehicles, and structured transactions. Analyze funding structures, liquidity support, guarantees, and implicit support mechanisms that may increase step‑in risk exposure. Develop and maintain step‑in risk assessment frameworks, methodologies, and internal controls. Support periodic reassessments of entities to capture changes in structure, funding, or business strategy. Cross‑Functional Coordination & Stakeholder Management Act as a central coordination point between Finance, Risk, Legal, Business, Operations, Accounting Policy, and other stakeholders. Lead working groups to reach agreement on accounting interpretation, regulatory treatment, and operational execution. Translate complex technical requirements into clear, actionable guidance for non‑technical stakeholders. Documentation, Policies & Operating Model Develop formal documentation (policies, methodologies, assessment papers) designed for internal review, audit, and regulatory examination. Design and agree operating procedures and clearly defined RACI models for step‑in risk and consolidation processes. Ensure documentation aligns with regulatory expectations and internal governance