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Manager Financial Accounting – Capital Markets

Postuler REF: MFSCCM

Job Desciption


Manager Financial Accounting – Capital Markets


Financial Accounting






March 5, 2018

Head of Financial Accounting Madrid Finance Service Centre

The Manager of Financial Accounting – Capital Markets activities is primarily responsible for providing oversight and control over day-to-day transactions, operations and activities required for the day and month end closing of all the transactions and controls generated by the Capital Markets activities associated to the following products: Derivatives, Securities, ALM Treasury, Equity, Clearing and Custody.  Assumes responsibilities, which ensure that the financial records are properly maintained and exceptions are resolved in a timely manner.


Accounting & Control Functions

-  Manage the staff and supervises the day-to-day operations of team generated by the Capital Markets activities by:

-  Supervising and reviewing the collection, processing and reporting of revenue, provision, and transaction volume information for all business lines in the entities.

-  Overseeing the monthly, quarterly, and annual closings of the general ledger for all the back offices processing systems

-  Providing control and monitoring issues/bottlenecks in the team by maintaining relevant KPIs (e.g. the timeliness of reports, responsiveness of other parties in providing information to their teams, the number of manual / late / correcting journal entries…)

-  Coordinating task distribution, coverage, cross-training, and knowledge / information-sharing

-  Providing support to Operations, as well as to other teams within Finance

-  Make sure that the data reported to Central Team and the Regional Fronting (PM) generated by the capital markets and equity activities

-  Prepare budget and Forecast process related to the capital market activates

-  Transform the accounting data into management accounting (profitability and cost allocation by Business Line) following the MARP (Management Accounting Rules and Principles)

-  Contribute to the proper P&L and cost of funding reconciliation processes in compliance with Group and CIB Finance standards

-  Act as the first level of review to ensure accuracy, completeness, and validity by reviewing and approving all related to Capital Markets activities:

-  The operational processing of revenues and Cost of Risk (CVI and CVA)

-  Assure the correct implementation of the 4 eyes principles control over the staff’s journal entries

-  Reconciliations of account balances (e.g. transit and suspensory accounts related to financing activities and taxes)

-  Reconciliations between systems / with Head Office (e.g. MO P&L with accounting, liquidity data reconciliation…)

-  The reports generated by the management accounting activity (e.g. Flash reports, reporting of customer-level profitability)

-  Justification of the balance and off-balance accounts allocated to the department (e.g.: liquidity, securities, equities accounts, suspensory accounts, etc.)

-  Reconciliation between Atlas2 /Midas and OFS in all related to capital markets and equity activities

-  Reconciliation between Middle office P&L and Accounting P&L, assuring that all the significant gaps are properly identified, explained and followed up

-  Reconciliation FX between Middle office positions and accounting. Additionally, assure the execution of the sell down process

-  Assure the correct implementation of the custodian accounts reconciliation process performed by BP2S’s operations departments

-  Assure the daily control over the BP2S capital markets settlement activities 

-  Implement transactional accounting schemes and operational processes related to capital markets and equity activities

-  Ensure the completeness and accuracy of feeds from the operating systems (all the systems that managed capital markets activities) to the general ledger through a second-level review of the reconciliation reports (e.g. OMR rectool…)

-  Contribute to the BNPP operational permanent control framework

Projects, Systems Support, Operational Process Improvements for Loans, Deposits and Derivatives products:

-  Formulate back office transactional process improvements in production, control procedures, and workflow organization to increase the team’s efficiency and effectiveness

-  Oversee the update of static data (tables, parameters, allocations) and user maintenance for the tools/systems under the team’s responsibility

-  In partnership with the Project team, contributes to the standardization/harmonization of best practices across the general ledger and operational platforms

-  Oversee the tools supporting the general ledgers, as well as front/back office processing systems upstream/downstream to the platform that are under the team’s responsibility (e.g. OMR, EL,etc.)

-  Participate in the development, testing, and implementation of systems to support the activities of the team, assisting in:

-  Definition of business requirements

-  User acceptance testing

-  Training of users

-  Trouble-shooting after deployment


Other functions

·       Ensure team’s observance of the bank’s policies and procedures

·       Prepare short and long term resource plans for his/her respective team; establish objectives and performance standards/metrics, conducts performance reviews, and provide coaching, counselling and career development of personnel



Training and occupational experience

·       Accounting degree or equivalent

·       Minimum 8 years of experience in at least several of the following corporate and/or line of business disciplines preferably within a corporate banking company: financial accounting and control, financial planning and analysis, management reporting, audit (internal/external), compliance and risk management positions

·       Minimum 3 years of experience managing teams

·       English speaking is mandatory

Essential specific requirements

·       In-depth knowledge and understanding of generally accepted accounting principles,   IFRS, French GAP as well as LRR

·       Strong financing products knowledge, mainly related to derivatives, treasury and securities

·       Strong understanding of financial and operational risk control requirements to ensure that financial systems in place are compliant and continuously monitored

·       Speaking French and other local languages a plus

  • Excellent Excel skills (including pivot tables, VLOOKUP, SUMIF).
  • Ability to learn new systems and products quickly

Skills and behaviours

-  Maturity, professional standing, strong interpersonal communication skills and presentation skills

-  Solutions-oriented thinker who is able to generate creative ideas

-  Ability to work collaboratively with relevant teams; strong planning and organizational skills

-  Understanding of system requirements and capabilities to ensure appropriate controls and operational processes

Primary Location: ES-MD-MadridJob Type: EstándarJob: FINANCE ACCOUNTS ET MANAGEMENT CONTROLEducation Level: Master Experience Level: Al menos 5 añosSchedule: Tiempo completo Behavioural competency: Capacidad para colaborar/ trabajar en equipo, Capacidad para tomar decisiones, Atención al detalle/ Rigor, Capacidad de organización, Proactividad, Orientación al cliente, Capacidad para compartir/ transmitir conocimientos , Pensamiento crítico, Orientación a resultadosTransversal competency: Capacidad de análisis, Capacidad para motivar a los demás y desarrollar sus competencias, Capacidad para gestionar un proyectoReference: MFSCCM