The bank for a changing world

We are looking for

Assistant Mgr/Manager

Apply REF: CIB004631
 
Control Manager – U.S. qgulatory Reporting Quality Assurance Specialist

Finance – Finance Control Group

Location: Mumbai, India

Hiring Manager: Kun Yan

BNP Paribas Group:

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and 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. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

About BNP Paribas Corporate and Institutional Banking:
Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.
 
 

Business Overview:

The Intermediate Holding Company (“IHC”) program structured at the U.S. level across poles of activities of BNP Paribas provides guidance, supports the analysis, impact assessment and drives adjustments of the U.S. platform’s operating model due to the drastic changes introduced by the Enhanced Prudential Standards (“EPS”) for Foreign Banking Organizations (“FBOs”) finalized by the Federal Reserve in February 2014, implementing Section 165 of U.S. Dodd-Frank Act.
 

Business Overview:

The Finance Control Department is a transversal function within CIB Finance whose primary roles are:
  • to develop and implement a strong financial control framework for CIB Banking and non-Banking entities (such as Broker/Dealers entities),
  • to perform 2nd level of controls for controls primary run by other Finance and non-Finance teams, and
  • to report on main controls areas, for both local and central needs and requirements.
    The Department is responsible for ensuring compliance with Group and CIB Head Office controls guidelines and expanding to adapt with an ever-changing Control environment. In this perspective, the Group is taking additional responsibilities to look after control for local regulatory reporting (mainly to FRB) under US GAAP.
    The Group works closely with not only Finance and Tax department but with other functions of CIB NA to provide value added analysis and advisory services to its clients in the areas of financial reporting control.

    Responsibilities:

 
The Regulatory Reporting Quality Assurance (RRQA) function is responsible for developing and executing the regulatory Control Framework to secure 2nd level control for local regulatory reporting to various regulatory bodies such as FRB, FINRA and SEC, etc. The RRQA team partners with key stakeholders to identify areas of regulatory reporting improvement, including identifying process enhancements.
 
The regulatory reporting quality assurance specialist is a line manager role within the ISPL RRQA function. Candidate is responsible for overseeing ISPL RRQA teamand the testing programs performed by the team (report control testing, and transaction testing) for the purposes of ensuring the accuracy of reports submitted to regulators. His/Her main responsibilities include:
 
  • Executing the testing program against the pre-defined framework; maintaining testing workflow tool/application; partnering with various stakeholders including Regulatory Reporting, front line unites, Risk, Compliance, Financial Reporting, and Internal Audit
  • Performing testing, and maintaining standard test documentation
  • Training and developing team members on the frameworks and ensure effective execution
  • Managing the RRQA offshore (ISPL) team, reviewing work performed by the team members, monitoring testing progress, and escalating issues/concerns to local management and onshore team manager
  • Daily coordinating with the onshore team to communicate testing requirement, progress, and team status to ensure transparency and timely delivery of quality testing results
  • Assist onshore program manager to creating metrics on testing status and findings
  • Evaluating issues by performing thorough root cause and impact analysis, identifying control gaps, and assist the business in creating remediation plans
  • Facilitating meetings with key stakeholders to socialize and validate findings
 

Qualifications:

  • 6+ years of relevant experience in RRQA, audit, Regulatory Reporting, or data sourcing/testing
  • Solid understanding and experience of U.S. regulatory reporting, such as CCAR, FR Y-9C, FR Y-15, and/or FFIEC 002 reports
  • Proven ability to lead others, manage and develop team members
  • Strong analytical skills and advanced technical skills (i.e. MS Word, Excel, PowerPoint, Access)
  • Strong communication skills (both written and verbal) and interpersonal skills
  • Attention to detail and commitment to maintaining a strong control environment
  • Solid understanding of financial industry and instruments and developed skills in analysis of business supporting processes from internal control perspective

Minimum required qualifications

  • Accounting degree
  • Minimum 6 years of experience in the regulatory audit of banking and IHC or equivalent experience in consulting of FRB reporting process

Preferred qualifications:

  • CPA/CA or equivalent preferred
  • MBA preferred
  • Big 4 and global financial services industry experience preferred
 
 

Minimum required qualifications

  • Accounting degree
  • Minimum 6 years of experience in the regulatory audit of banking and IHC or equivalent experience in consulting of FRB reporting process

Preferred qualifications:

  • CPA/CA or equivalent preferred
  • MBA preferred
  • Big 4 and global financial services industry experience preferred
Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: FINANCE ACCOUNTS ET MANAGEMENT CONTROLEducation Level: Master Degree or equivalent (> 4 years)Experience Level: At least 5 yearsSchedule: Full-time Behavioural competency: Ability to collaborate / TeamworkTransversal competency: Ability to understand, explain and support change