Assistant Manager - Accounting Control L1C
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:
Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retailbanking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, it provides clients with product and service solutions tailored to their specific needs and continues to develop its franchise in the region.
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.
About Business line/Function:
The Accounting Control team performs a key role in maintaining the quality of the accounting control environment that underpins the Finance reporting processes, Group Head Office reporting, Statutory reporting, Regulatory reporting and internal Performance Management reporting for the regional platform. The objective of the AC Level 1 control team is to provide independent assurance that controls (i.e. controls that are performed to ensure the accounting data is complete and accurate) are properly executed and that Group, CIB and local accounting control policies (including the minimum control standards defined in the Standard Accounting Control Plan) are implemented appropriately. This Level 1 control framework includes periodic detailed testing of the documented controls that underpin the regional accounting ledger balances and specific testing/review of balances and processes in accordance with the BNP Paribas control policies. The role will require regular interaction with other Finance teams in Region and Mumbai and other control functions and provides the role holder with a broad view of the activities and processes in the Finance function and other functions on which Finance is dependent.
Job Title:
Assistant Manager
Date:
Oct 2024
Department:
Subject Matter Streams
Location:
Mumbai / Chennai
Business Line / Function:
Finance Shared Services
Reports to:
(Direct)
VP/AVP
Grade:
(if applicable)
-
(Functional)
Number of Direct Reports:
Directorship / Registration:
NA
Position Purpose
Contribute to the performance of 1st level accounting control of BNP Paribas entities in Asia Pacific/UK/EMEA - Drive the account owner sign-off and first level accounting control certification process - Perform and document accounting controls and analysis - Contribute to the automation of certain accounting control processes and the standardisation of booking schemes among entities.
Responsibilities
Direct Responsibilities
· Contribute to the performance of 1st level accounting controls on a list of key areas defined by the BNP Paribas Standard Accounting Control Group Plan, including deal and position reconciliations, nostro reconciliations, manual entries, dormant a accounts, risk rating and provisioning, intercompany reconciliation, internal deals, FX sell-down etc.
· Identify system / control deficiencies and propose solution to improve the accounting control environment.
· Ensure that the Accounting Control Repository Database is updated with the changes in accounts, controls and ownership - Based on the Accounting Control Repository Database, generate and release the Account owner sign-off and first level control certification packages.
· Monitor account and 1st level control sign-off and escalate problems identified.
· Contribute to the preparation of the “Entity Control Reports” that provides Chief Financial Officers with an overview of accounting control outcome on a monthly basis.
· Monitor Accounting Control outcomes through key performance and key risk indicators - Prepare ad hoc control memo upon request when an issue is identified.
· Ensure the good coordination with the Regional Financial Reporting team, whenever an accounting issue needs to be addressed.
· Participate to Finance Projects linked to Accounting Controls
· Contribute to BNP Paribas operational permanent control framework.
· Report incidents and accounting issues to various forums.
Technical & Behavioral Competencies
· Qualified Chartered Accountant or Accounting degree or equivalent.
· 5 + years experiences on accounting audit or accounting control in banking environment
· IFRS knowledge (Preferable)
· Solid understanding of financial instruments and developed skills in analysis of business supporting processes from accounting control perspective
· Knowledge of Investment banking products
· Strong organizational skills, rigorous, and self-disciplined
· Attention to detail and commitment to maintaining a strong control environment.
· Good communication skills, (i.e. writing, listening, presentation)
· Advanced technical skills (i.e. MS Word, Excel, PowerPoint, Access)
· Former audit experience or experiences on the accounting controls within a Finance function in Banking and Financial Services (preferred)
Specific Qualifications (if required)
· IFRS or US GAAP experience preferred.
· Ability to deliver excellent results within the established timeframes while managing multiple priorities
· Strong attention to detail
· Excellent analytical and self-motivational skills
· Strong communication skills, both written and verbal.
· Self-starter and team player, able to work independently and collaboratively with various teams in a deadline-focused environment
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to deliver / Results driven
Attention to detail / rigor
Communication skills - oral & written
Client focused
Transversal Skills: (Please select up to 5 skills)
Analytical Ability
Ability to develop and adapt a process
Ability to understand, explain and support change
Ability to develop and leverage networks
Ability to manage / facilitate a meeting, seminar, committee, training…
Other/Specific Qualifications (if required)
