Job Description – UK /EMEA
About BNP Paribas Group
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.
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 :
The 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 (incl. 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:
Assistant Manager/ Manager
Date:
Department:
Finance Shared Services
Location:
Business Line / Function:
Accounting Control
Reports to:
(Direct)
VP -L2 Controls
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
The control monitoring group 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 CMG team (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. Regional Finance operates a bespoke control tool that supports the monthly account justification/substantiation process and the detailed assessment of those accounts determined to have a higher risk profile. Regular reporting on control findings and issues is prepared for local, CIB and Group Finance management including quarterly reporting to Group Finance on the quality of the accounting control environment through FACT (Finance Accounting Control Tool).
Person will be responsible for the timely and accurate completion of CMG control tasks and provide some supervisory support for 1 other member of staff in Mumbai. They will ensure that L2 testing of key Level 1 accounting controls (eg. reconciliations, analyses, journal processes) is performed effectively on a timely basis and control issues escalated to management, the maintenance of the account justification tool, operation of the monthly justification process & collation of results, operation of the FACT sub-certification process and collation of results & selected reporting to Region on these processes.
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.
Responsibilities
Direct Responsibilities
Supervisory support for 2 to 3 member of staff
Perform/review control testing over Level 2 accounting controls that are allocated to Mumbai & provide formal assessment of control quality & recommendations for improvement as required – this is an on-going process throughout each month
Maintenance of control justification tool incl. static update and testing for any new activities as required
Perform monthly system tool process – publishing balances to owners, ensuring all responses received on time & collating issues
Quarterly FACT sub-certification – publish certificates, ensuring responses all received on time & collating issues
Reporting on status of Regional Finance procedures (review status) and tracking external/internal Finance audit recommendations
Liaise with Regional Finance and other control functions as required on a regular and timely basis
Perform reporting to Regional management over control work performed in Mumbai on agreed format/frequency
Support remediation actions for control process issues identified
Maintain up-to-date procedures for all controls operated by the Level 2 Controls Mumbai team
Other finance control tasks/projects as agreed with Finance management
Contribute to the BNP Paribas Operational Permanent Control framework
Technical & Behavioral Competencies
1. Qualified Chartered Accountant
2. Accounting degree or equivalent
3. 8 to 9 years experiences on accounting audit or accounting control
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 / rigor
Ability to deliver / Results driven
Communication skills - oral & written
Client focused
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop and adapt a process
Choose an item.
Choose an item.
Education Level:
Master Degree or equivalent
Experience Level
At least 8 years
Other/Specific Qualifications (if required)
