What is this position about?
• Analyze the latest changes in rules and regulations and implement the necessary system or procedural changes to meet the changing requirements.
• Contributes to TAC/NAC (new product committees) and any other ad hoc projects ensuring local regulatory reporting impact are considered and resolved before product launch or implementation
• This involves (a) ensuring compliance with local regulations and legislation for Tax, Legal and with Group regulations defined in policies, procedures, rules and standards, with a particular focus on first level Permanent Control; and (b) ensuring regulatory reporting is prepared accurately and delivered on a timely basis.
What would be your typical day at BNPP Paribas look like?
Primary Role Responsibilities
• Regulatory reporting:
o Study new HKMA returns / surveys for any regulatory changes and initiate/implement system or process changes in order to meet the new requirements
o Subject matter knowledge in new exposure regulation (Banking Exposure Limits rule) or Liquidity returns.
o Responsible for HKMA banking return preparation and surveys for BNPP HK independently.
o Responsible for tax computation.
o Providing information to HKMA case officer for queries on regular and ad hoc basis
o Maintain proper procedure manuals for regulatory reporting.
o Update quick map tables for Flexel GDR reports to maintain any changes.
o Perform controls on Flexel reports
o Perform UAT for any changes to Flexel system or reporting system.
o Support ad hoc process improvement and other projects assigned by the team head.
• Policy Maintenance and System Development:
o Ensures procedure manuals are updated and system implemented meets local regulatory reporting requirement.
• Financial Controls:
o Ensures first level controls on local regulatory reporting are properly performed.
Other contributions
o Preparation balance sheet information and ALCO materials to local management.
o Handling of the banking returns audit under section 63(3) and 63(3A) of Banking Ordinance. Provide return preparation walkthrough with auditor during audit review.
o Ensures audit recommendations are resolved within the specific timeline.
o Assist in provision of internal data / management report to senior management / other stakeholders.
o Work with project teams to identify the project needs and deliverables in alignment with overall Group programme objective.
o Be responsible for performing regulatory reporting control assessments and enhancement as well as preparing required documentation.
o Acting as the back-up role to the absence of other teammates
What is required for you to succeed?
Technical and Behavioral Competencies
• Deep knowledge of the current HKMA reporting requirements. Knowledge on LCR/NSFR will be an advantage
• Exposure to different banking products (GM, GB, WM, etc)
• Strong accounting knowledge
• Control oriented mindset
• Creativity & Innovation/Problem Solving
• Strong analytical and ability to synthesize and simplify
• Strong sense of responsibility and commitment
• Collaborative
• Ability to prioritize work in a deadline intensive environment and work under pressure
• Ability to lead and drive initiatives with a structured and focused approach
• Change Management & Project Management skills is an advantage
• Proficiency in Excel (VBA, etc)
Education/Certification/Licenses
• CPA along with a relevant degree preferred.
• Minimum 5 years of relevant experience in preparing full set of Statutory Reports (Banking Returns) in sizable banking institution
• Banking returns audit experience will be an advantage
• Experience in return automation projects such as workflow re-engineering / streamline existing process is an advantage
• Skilled in data extraction and analysis
• Fluency in English
About BNP PARIBAS
As the leading European Union bank, and one of the world’s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.
We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.
• BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
• BNP Paribas MixCity which fosters better representation of women at all levels of the organization
• Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
• BNP Paribas CulturAll which celebrates diverse backgrounds
BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.
https://careers.apac.bnpparibas/
More information
BNP Paribas - Diversity & Inclusion Journey
BNP Paribas - The Bank Of Green Changes
Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year
