About BNP Paribas:
BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 63 countries, with more than 180,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main operating divisions: Commercial, Personal Banking & Services (CPBS) and Investment & Protection Services (IPS) (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. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realize their projects through solutions spanning from financing, investment, savings and protection insurance. In Europe, the Group has four leading markets: Belgium, France, Italy and Luxembourg and BNP Paribas Personal Finance is the leader in consumer lending. In its Corporate & Institutional Banking and Investment and Protection Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
Business Overview:
Latin America is an important market for BNP Paribas. While Brazil remains the largest economy in Latin America and the Groups activity regionaly, other major countries in the region are also significant contributors for the business and for long standing relations with clients. For example, BNP Paribas has been uninterruptedly present in Colombia for more than 40 years.
BNP Paribas has a historical footprint in the Hispanic Latin America. The Bank has been in the region since 1914 and is now present in 5 countries with nearly 2000 employees between Corporate and Institutional Banking (CIB) and Investment and Protection Services.
CIB in Hispanic Latin America has world-class teams of roughly 200 professionals spread among Colombia, Mexico, Chile, Peru and Argentina, thus ensuring an overall coverage of BNP Paribas’ client franchise in the region. All BNP Paribas’ CIB business lines are represented in Hispanic Latin America where the bank has presence and are structured in such a way as to provide their clients with the best combination of specialists according to sector, product or geographic region. In the context of growing globalization, they are able to accommodate their clients thanks to their powerful regional platforms:
- In North America essentially New York with a number of professionals covering Latin America.
- In Europe with major hubs such as Paris, London, Frankfurt, Madrid, etc.
- In Asia with a broad coverage of all major economies in the region.
In Colombia, BNP Paribas has presence through 5 legal entities representing the Group: 1 Rep. Office, a Corporación Financiera for local CIB banking license activity and a Trust company for Securities Services, all within the Corporate and Institutional Banking operating Division. As for Investment and Protection Services, an insurance company (Cardif) and a Rep Office for Asset Management. BNP Paribas is the European bank with the longest uninterrupted presence in the country.
Job Purpose:
Executing controls and analyzing operational processes, to ensure all operations are compliant with the client instructions, service level agreements, relevant client services deadlines, internal procedures, and adherence to risk management guidelines, to protect against fraudulent activity, human error and offer to the organization a clearer awareness of their spending and limits.
This role liaises between cross-functional internal teams and is responsible for providing reports to internal areas and accurate quantitative information on financial position, liquidity, billing, tax calculation, market prices, cash flows and others.
Duties and Responsibilities
- Execute the reconciliations of the different business lines related to Cash, securities, internal and external systems, as well as report the differences found.
- Reconciliate and apply in the tool the correct accounting movements of the Chile and Peru business to comply with the regulatory transmission of financial statements.
- Prepare internal reports and statistics as well as regulatory reports.
- Make the Billing Calculation process for different types of clients.
- Perform and control tax calculation related to the activity of Foreign Investors.
- Provide support to the Front Desk by delivering information of prices and the position held by the entity and clients.
- Provide excellent client service, considering the specific needs of every client.
- Ensure compliance with local and corporate policies, guidelines, procedures, internal control, and SLA requirements, to eliminate risk and operational losses.
- Clearly communicate the progress of monthly/quarterly initiatives to internal and external stakeholders.
- Follow the code of conduct and to permanently update of the operative risk matrix.
- Ensure the coordination and the communication with the internal operations teams aiming to provide timely and accurate responses to internal client queries.
- If there is a delegation of the use of a token as a work tool, strictly comply with the instructions given for the use of it to perform the job, guaranteeing it´s safe custody and adequate use.
- Guarantee the maximum duty of diligence and care in the use of any work tools given by the employee for the fulfillment of their job obligations. Omitting the instructions on the due care and security in the use of work tools will be considered a serious breach of labor obligations.
Qualifications
Education
- Bachelor’s degree in finance, Economy, Business Administration, or Industrial engineering or equivalent.
Specialized Knowledge
- Knowledge of financial industry, especially in back or middle office operations.
- Knowledge in Microsoft programs (Word, excel, Power Point)
Skills & Abilities
- Communication Skills: Verbal, "directive". Responsiveness to complaints, always building a positive relationship. Written, assertive to the point. Ability to Synthetize.
- Analytical and Mathematical skills: Basic and complex financial operations
- Ability to report: Provide status of results to internal clients VP COCE. Attention to detail
- Ability to Collaborate / Team Work
- Rigor & Accuracy on the transaction checking and approval
- Self-confidence and initiative
- Autonomy & Accountability
- Role Modeling: Service attitude with ability to say NO but embracing collaboration.
- Understanding the business environment of the entity
- Understanding the BNP Paribas group
- Excellent communication skills both written and verbal (English – B1)
- Intermediate to advanced Level of Microsoft Excel: use of financial, statistic, logical functions. Work in an advanced way with graphics and edit them to change the design or the information. Use conditional formats, PivotTables and Pivot Charts and templates to enter data.
Experience
- Between 1 – 3 years within the financial industry, especially in back or middle office operations
- Between 1– 3 years in control areas.
Preferred qualifications
- Knowledge of policies and regulations related to Investment and Pension Funds
- Knowledge of products and regulation related to a Bank a Trust and/or Financial Corporation
- Experience with Swift, CUD, DCV, Deceval, BVC, SET FX and market systems.
- Knowledge in Market Risk.
Direct Reports
Transversal Controls Supervisor
Investment and Transversal Controls Manager
Interactions
Internal
* Processing Team
* Global Markets Team – Traders
* Finance Team
* OPC Team
* Risk
* Local and regional IT teams
* Client Development Team
* Compliance Team
* Investment Controls Process
* Client Account Management Team
External
* Regulatory entities
* Prices Provider
* Local and Foreign Clients
Decisions
N/A
Training
- Functional training about the position, processes, procedures, and controls.
- Mandatory trainings (as indicated by compliance, Legal, Region and Group)
- Handle of confidential information: Strengthen training in the handling of confidential information between entities and their clients, adding a legal clause to guarantee compliance.
- Training of Client service, addressing to staff who will have direct contact with clients, to provide a guideline, to explain how provide clarity to our clients, about BNPP Group and the entity that is serving them.
- Techniques for validating authentic documents according to policies and regulations.
- Training of legal and regulatory aspects of the entity.
- Mandatory Corporate trainings in soft skills or BNPP competencies for all new hires (as indicated by HR).
