Associate L1 / Sr. Associate - Level 2 controls team

Job Description

* About BNP Paribas Group: BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. About BNP Paribas India Solutions: Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions About Business line / Function : ISPL FSS is set-up as a Shared Service Centre and works on an Extended Plus model, within a defined governance structure. It is a Global hub and delivers services to CIB/BOW Finance teams across the geographies. It is organized by 6 work streams and provides services across 29 countriesThe Accounting Control team performs a key role in maintaining the quality of the accounting control environment that underpins the Finance reporting processes: Group Head Office reporting, Statutory reporting, Regulatory reporting and internal Performance Management reporting for the Regional platform. The objective of the AC Level 2 control team is to provide independent assurance that Level 1 controls (i.e. controls that are performed to ensure the accounting data is complete and accurate) are properly executed and that Group, CIB and local accounting control policies (inc the minimum control standards defined in the Standard Accounting Control Plan) are implemented appropriately. This Level 2 control framework includes periodic detailed testing of the documented controls that underpin the Regional accounting ledger balances and specific testing/review of balances and processes in accordance with the BNP Paribas control policies. The role will require regular interaction with other Finance teams in Region and Mumbai and other control functions and provides the role holder with a broad view of the activities and processes in the Finance function and other functions on which Finance is dependent. Job Title: AM / Senior Associate Date: 2022 Department: Finance Shared Services Location: Mumbai / Chennai Business Line / Function: Standards & Controls Reports to: (Direct) APAC / UK / NAR 2LoD Lead Grade: (if applicable) (Functional) Number of Direct Reports: None Directorship / Registration: NA Position Purpose Contribute to the performance of 2 nd level accounting control of BNP Paribas entities in Asia Pacific / UK / Americas.
• Drive the account owner sign-off and first level accounting control certification process
• Perform and document accounting controls and analysis
• Contribute to the automation of certain accounting control processes and the standardisation of booking schemes among entities.
Responsibilities Direct Responsibilities
• Contribute to the performance of 2nd level accounting controls on a list of key areas defined by the BNP Paribas Standard Accounting Control Group Plan, including deal and position reconciliations, nostro reconciliations, manual entries, dormant accounts, risk rating and provisioning, intercompany reconciliation, internal deals, FX sell-down etc.
• Identify system / control deficiencies and propose solution to improve the accounting control environment
• Ensure that the Accounting Control Repository Database is updated with the changes in accounts, controls and ownership
• Based on the Accounting Control tools, generate and release the Account owner sign-off and first level control certification workflows
• Monitor account and 1st level control sign-off and escalate problems identified.
• Contribute to the preparation of the Entity Control Reports that provides Chief Financial Officers with an overview of accounting control outcome on a monthly basis.
• Monitor Accounting Control outcomes through key performance and key risk indicators
• Prepare ad hoc control memo upon request when an issue is identified.
• Ensure the good coordination with the Regional Financial Reporting team, in particular whenever an accounting issue needs to be addressed
• Participate to Finance Projects linked to Accounting Controls
• Contribute to BNP Paribas operational permanent control framework.
• Report incidents and accounting issues.
Technical & Behavioral Competencies
1. Qualified Chartered Accountant
2. Accounting degree or equivalent
3. 3 to 5 years experiences on accounting audit or accounting controls
4. Banking (mandatory)
5. IFRS knowledge (Preferable)
6. Solid understanding of financial instruments and developed skills in analysis of business supporting processes from accounting control perspective
7. Knowledge of Investment banking products
8. Strong organizational skills, rigorous, and self-disciplined
9. Attention to detail and commitment to maintaining a strong control environment
10. Good communication skills, (i.e. writing, listening, presentation)
11. Advanced technical skills (i.e. MS Word, Excel, PowerPoint, Access)
12. Former audit experience or experiences on the accounting controls within a Finance function in Banking and Financial Services (mandatory)
Specific Qualifications (if required) MS Excel (at least intermediate) Skills Referential Behavioural Skills : (Please select up to 4 skills) Attention to detail / rigorAbility to deliver / Results drivenCommunication skills - oral & writtenClient focused Transversal Skills: (Please select up to 5 skills) Ability to understand, explain and support changeAnalytical AbilityAbility to develop and adapt a process Choose an item.Choose an item. Education Level: Master Degree or equivalent Experience Level At least 3 years Other/Specific Qualifications (if required) , *CA/MBA/CIA

Keyskills :
derivativesbasisbloombergcash managementretail bankingshared services