Assistant Manager - FX PnL Recon / Product Control/Level 1 control

Position Purpose

• Perform for the APAC region the first level controls for the P&L and FX reconciliations, ensuring differences are highlighted, adjusted and solutions are implemented.
• Act as a key point of contact to the Middle Office, Operations, Local Finance and the Regional teams.
• Review underlying products and transactions to resolve discrepancies.
   

Direct Responsibilities 

• Perform Profit & Loss reconciliation between Middle Office and accounting
• Perform Foreign Exchange reconciliation between Middle Office and accounting
• Perform reconciliation of Mark to Market to Equity between Middle Office and Accounting
• Explain the differences between the Middle Office and the Accounting P&L (structural differences and P&L corrections)
• Verify the accounting corrections detected in the context of the controls have been correctly processed
• Monitor the remaining difference is at an immaterial level, and assess requirement for provision
• Maintain the system and reports for P&L and FX reconciliation
• To handle the finance validation of the day to day front office portfolio request and ensure it is aligned with the accounting setup.
• Suggest improvement in the system and data flow for P&L and FX reconciliation
• Communicate with a wide range of departments (Middle Office and Operations), Finance teams (regional and local) and  Performance Management Team
• Handle ad hoc queries as requested by Management
• Manage a team of 1-2 members, review team’s tasks and maintain KPI
• Maintain good relation with extended teams and clients
• Migrate the reconciliations in the new ledger post OFS implementation per entity

Contributing Responsibilities

• Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as the Control Plan
• Contribute towards UAT and go-live of reconciliation in new finance ledger; OFS
• Direct contribution to BNPP operational permanent control framework
• Comply with regulatory requirements and internal guidelines 
• Contribute to the investigation/coordination with local finance, operation & MO on other control issues.
• Contribute to the overall Asset Liability Management and Rest of the bank FX position and P&L sell down process
• Provide assistance in performing control on data flow for Capital Market Activities
• Assist Performance Management in reconciling accounting P&L with the business line P&L reported in Paradigm. 

Technical & Behavioral Competencies

• Ability to work under pressure in a complex environment with stake holders from various areas
• Data mining skill & analytical
• Self-organized, with strong ability to anticipate, plan and priorities issues
• Rigorous for implementation with culture of controls
• Capital Market Product knowledge
• Sound financial accounting knowledge
• Proficiency in Microsoft Excel, Word, PowerPoint, MS Access, Business Object (SQL, Macro & VBA knowledge is an advantage)

Specific Qualifications (if required)

Professional experience 

• Familiar with large international Corporate & Investment Banking activities and organization
• Relevant experience in Banking, Capital Market activities and Treasury (minimum 4 years)
• In Middle Office or Product Control department, as trade support , P&L calculation and analysis or organization function 

Education 

• CA
• Professional membership in CPA/ACCA/CFA are desired
• Some training in internal/external audit processes 

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Communication skills - oral & written

Client focused

Transversal Skills: (Please select up to 5 skills)

Ability to develop and adapt a process

Ability to set up relevant performance indicators

Analytical Ability

Ability to understand, explain and support change

Ability to inspire others & generate people's commitment

Education Level:

Chartered Accountant

Experience Level

At least 3-5 years

Other/Specific Qualifications (if required)

• Team Management skills
• Good communication skill
• Very high comfort with working with numbers: rigor, analytical mind-set, ability to interpret numbers
• Strong sense of organization, ability to prioritize tasks and meet deadlines
• Hard working
• Team spirit
• Curiosity and open to other cultures