What is this position about?
• Preparation of various statutory returns as well as compulsory surveys for BNP Paribas Hong Kong (“BNPP HK”) as requested and demanded by local authority – Hong Kong Monetary Authority (“HKMA”) regularly and from time to time independently and comply with regulatory requirements & internal guidelines.
• Analyze the latest changes in rules and regulations and implement the necessary system or procedural changes to meet the changing requirements.
What would be your typical day at BNPP Paribas look like?
Primary Role Responsibilities
• Regulatory reporting:
o Prepare HKMA returns, liquidity ratios (LMR/CFR) and GDR report for BNPP HK.
o Providing information to HKMA case officer for queries on regular and ad hoc basis.
o Study new HKMA returns / surveys for any regulatory changes and implement new requirements by system changes, revise the respective procedures.
o To Interpret and implement new requirements issued by HKMA.
o Maintain proper procedure manuals for regulatory reporting.
o Update quick map tables for Flexel GDR reports to maintain any changes.
o Perform controls on Flexel reports.
o Perform UAT for any changes to Flexel system or reporting system.
o Support ad hoc process improvement and other projects assigned by the team head.
• Policy Maintenance and System Development:
o Ensures procedure manuals are updated and system implemented meets local regulatory reporting requirement.
• Financial Controls:
o Ensures first level controls on local regulatory reporting are properly performed.
Other contributions
o Preparation balance sheet information and ALCO materials to local management.
o Handling of the banking returns audit under section 63(3) and 63(3A) of Banking Ordinance. Provide return preparation walkthrough with auditor during audit review.
o Assist in provision of internal data / management report to senior management / other stakeholders.
o Work with project teams to identify the project needs and deliverables in alignment with overall Group programme objective.
o Be responsible for performing regulatory reporting control assessments and enhancement as well as preparing required documentation.
o Ensures audit recommendations are resolved within the specific timeline.
o Coordinate the BCP Drill.
o Administration tasks for department.
What is required for you to succeed?
Technical and Behavioral Competencies
• Knowledge of the current HKMA reporting requirements (including liquidity returns).
• Exposure to different banking products (GM, GB, WM, etc)
• Strong accounting knowledge
• Control oriented mindset
• Creativity & Innovation/Problem Solving
• Strong analytical and ability to synthesize and simplify
• Strong sense of responsibility and commitment
• Collaborative
• Ability to prioritize work in a deadline intensive environment and work under pressure
• Ability to lead and drive initiatives with a structured and focused approach
• Change Management & Project Management skills is an advantage
• Proficiency in Excel (VBA, etc)
Education/Certification/Licenses
• CPA along with a relevant degree preferred.
• Minimum 5 years’ experience in regulatory reporting in banking or experience in banking returns audit.
• Experience in return automation projects such as workflow re-engineering / streamline existing process is an advantage
• Skilled in data extraction and analysis
• Fluency in English
About BNP PARIBAS
As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.
We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
• BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
• BNP Paribas MixCity which fosters better representation of women at all levels of the organization
• Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
• BNP Paribas CulturAll which celebrates diverse backgrounds
BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
https://careers.apac.bnpparibas/
More information
BNP Paribas - Diversity & Inclusion Journey
BNP Paribas - The Bank Of Green Changes
Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year
