In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It 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. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
* excluding partnerships
BNP Paribas offers you an exciting career in an international business environment that is fast-paced, diverse and focuses on creating high-value relationships with our clients. We offer competitive salary and benefits, as well as a working environment where you’re valued as part of the team.
https://careers.apac.bnpparibas/
Position Purpose
Manage a team of fund accountants and involve in the day-to day fund administration operations performed by the Singapore office for domestic and/or off shore based funds managed in Asia.
- Support analysis of new business, analysis, testing and implementation of new fund accounting functionality and new requirement.
- Participate in the transformation of FA operating models and management of internal service providers in other locations.
- Able to work flexible working hours possibly morning/afternoon shifts and support Singapore public holidays.
Responsibilities
Direct Responsibilities
- Oversee and monitoring of operational activity performed by fund accountant.
- Assisting the Head of FA Singapore to create a standard, scalable and cost-efficient production model.
- Review daily, weekly and monthly NAV funds in accordance with applicable Industry recommended accounting practices, accounting standard or specific constitutional documents.
- Work with the team of fund accountants and liaise with different support functions to ensure NAVs are delivered in a timely manner to meet the agreed KPIs.
- Provide accurate statistic data (KPIs etc…) on an as-scheduled basis and establish service excellence.
- Ensure NAV calculations are accurately prepared and in line with the BNPP operational and system procedural manual.
- Prepare operational and system procedural manuals to ensure that all operational risks are well under control and adequate for the day-to-day activities.
- Report and escalate operational or major incidents including any breach or error occurrences to the Management.
- Participate in regular operational meetings to review any client and new business requirements.
- Working pro-actively with Clients to resolve queries on action points relating to Fund Admin matters.
- Liaising and working with Fund Accountant to collate responses to Auditors to finalize the audit with the agreed timeframe.
- Participating in transition planning and testing to ensure new processes or system functionalities can meet clients’ needs and requirements.
- Drafting SLD/SLA with other BPSS locations for outsourcing or insourcing of services.
- Oversee and monitoring of activities and tasks stated in SLD/SLA are completed in an accurate and timely manner.
- Drafting the operating memorandum and SLA/OSL for the new client take on.
- Involve in any new client take-on and migration activities.
- Support the Head of FA Singapore in any global Fund Accounting operating model objectives
- Other ad-hoc duties may be required from time to time
Contributing Responsibilities
Risk and Compliance:
- Ensure the operating model in compliance with regulations, market infrastructure evolution and BNP Paribas internal control rules and meet compliance and regulatory obligations
Conduct:
- Adhere to the Code of Conduct and act accordingly internally, when facing clients and providers
Technical & Behavioral Competencies
- Experience with Multifonds accounting system preferred
- Good communication and interpersonal skills with external corporate clients and global stakeholders.
- Persistence / perseverance in achieving operational efficiency
- Leadership in driving the team to achieve set objectives.
- Good operational/technical skills in fund accounting and administration
- Good analytical and problem solving skills to provide solutions
- Fluency in Business Mandarin is an added advantage
Specific Qualifications (if required)
- University degree/ post graduate degree in Finance or Accounting preferred
- Minimum 5-8 years in experience in Securities Services Fund Accounting or equivalent experiences
