BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees, including around 149,000 in Europe. The Group has key positions in its three main activities: Domestic Markets, 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.
BNP Paribas Corporate and Institutional Banking is a globally recognised leader offering capital markets, securities services, financing, treasury and advisory solutions.
Business Area/Dept Overview
Group Accounting Policy (GAP) is part of Group Financial Policies within Standards & Controls. Key objectives of the GAP team include:
- Definition and dissemination of the IFRS accounting policies applicable to the consolidated group and the French accounting standards applicable to French entities
- Respond to questions relating to the interpretation of accounting standards and perform the accounting analysis for certain structured transactions
- Provide oversight and review of the technical accounting positions taken by the various other local accounting policy teams within the group to ensure the accounting policies are consistently applied
- Support the implementation of new accounting policies within the group
- Monitor developments in IFRS and French GAAP and lead the group’s advocacy on matters related to developments in these accounting standards. This is done through participation at various working group’s (FBF, EFRAG FI, EBA, AFME, ISDA etc.) and through responding to IASB consultations where appropriate
- Develop and lead training programmes related to the IFRS standard applicable to the consolidated group.
Purpose & Scope of role
The candidate will be a senior member of the team, participating in meeting the GAP team’s key objectives as described above.
The scope of the role is Global as the GAP team covers all Business Lines and Regions with the exception of the Insurance activities which are delegated to the Cardiff Accounting Policy team. The GAP team is primarily based in Paris but there are some people in London.
This particular role, based in London, is within the six person GAP Financial Instruments team.
Key Responsibilities of role
The key direct responsibilities of the role are:
- Preparing accounting analyses for complex or structured transactions
- Providing oversight and review of the accounting analyses prepared by local accounting policy teams where sensitive accounting judgements are identified
- Monitoring developments in your area of specialisation in order to ensure the accounting policy manuals are properly updated and the new developments are disseminated to other stakeholders during quarterly IFRS updates
- Preparing material and presenting new accounting policies or interpretation to the Accounting Policy Committee for formal validation under the groups accounting policy governance
- Agreeing accounting positions with the central auditors technical accounting teams where appropriate
- Preparing material and presenting targeted relevant training on IFRS
The role interacts with numerous stakeholders. Notably these include
- Local Accounting Policy teams
- Group Reporting
- ALM Treasury
It is necessary to build and maintain a network of strong relationships with these stakeholders.
Experience, Qualifications & Competencies
- Qualified accountant (ACA or equivalent) with a large amount of post qualification experience
- Experience either working in the technical accounting team within the Big 4 covering financial services clients or working in the technical accounting team within a large bank
- Experience making accounting judgements in the application of IFRS to complex capital markets transactions
- Excellent verbal and written communication skills including presentation skills
- Strong team player
- Well organized, deadline focused, with the ability to manage multiple deadlines
- Build effective relationships with peers and superiors (both within Finance & Strategy and with the Business and other functions)
- French lauguage Skills are not required for the role but they would be beneficial