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
