About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank 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 10000 employees, to provide support and develop best-in-class solutions.
About BNP Paribas Group:
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability
Commitment to Diversity and Inclusion
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.
Job Title:
Vice President / Director/ Head of SMS BP
Date:
Jul 2024
Department:
Subject Matter Stream in FSS
Location:
Mumbai
Business Line / Function:
Finance & Strategy
Reports to:
(Direct)
Head of FSS
Grade:
(if applicable)
VP3/D1
Number of Direct Reports:
4-6 with a an overall span of 60 member team and growing
Others:
ISPL FSS EXCO Member
Position Purpose
- The main responsibility of the Subject Matter Stream (SMS) is to ensure the accuracy of the financial and management accounting ledgers through a new BNP Paribas tool (OFS)
- Lead the various stream of SMS team i.e. Banking Products, Securities portfolio, etc
- Be an expert on tools and processes as per SMS TOM and ensure these processes are followed and documented
- Drive timely and accurate closing of financial and management accounting in line with Group standards and guidelines
Responsibilities
- Lead the SMS (Banking Products, Securities portfolio and own funds) Teams
- Drive the production of the Financial and Management accounting for a business unit (entity or business line)
- Build the coordination and governance between Platforms and Regional Finance teams for efficient delivery and optimal set up
- Engage with the Finance Controllers to discuss financial and management accounting results, trend and variances
- Promote the OFS processes and usages from the financial and management accounting, controls and reporting perspective, in close coherence with the F&S practice
- Leverage and contribute to the F&S process of documentations (SOP’s) for respective areas for productions teams to follow in the target operating model
- Review account activity/ ledgers for accuracy of financial data and drive timely and accurate inter-company reconciliations
- Build a strong control environment as defined by the BNP Paribas Standard Accounting Control Plan and ensure a strong level 1 control framework
- Be a subject matter expert for the Team and enable requisite training to them on OFS as well as technical aspects of Financial and Management accounting
- Engage with External Audit, Regulators and internal control teams and drive the resolution of their queries
Technical & Behavioral Competencies
- Strong knowledge of accounting under IFRS
- Strong knowledge of Financial Products
- Client focus
- Collaborative worker & team player
Specific Qualifications (if required)
- Chartered Accountant (1st attempt)
- Knowledge of financial reporting processes in Banking and Capital Market industry
- Knowledge of Corporate and Investment Banking (CIB) activities and products
- Good communication (oral and written), organization and documentation skills.
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Ability to deliver / Results driven
Communication skills – Excellent oral & written skills
Client focused
Transversal Skills: (Please select up to 5 skills)
Ability to develop and adapt a process
Ability to set up relevant performance indicators
Analytical Ability
Ability to understand, explain and support change
Ability to inspire others & generate people's commitment
Education Level:
CA
Experience Level
15 years
Other/Specific Qualifications (if required)
Experiences within finance function in Banking and Financial Services
Key competencies
- Knowledge of English language
- Very high comfort working with numbers: analytical mind-set, ability to interpret numbers and relay the story
- Strong sense of organization, ability to prioritize tasks and meet deadlines
- Curiosity and open to diverse cultures
Qualifications - External
Primary Skills
- CA (1st attempt)
- Strong knowledge of Financial Products & IFRS
- Knowledge of Corporate and Investment Banking (CIB) activities and products
- Good communication (oral and written), organisation and documentation skills.
