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Associate Level 1 /Senior Associate - UK Level 1 Controls team

Apply REF: FIN001721


Job Description






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 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. 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.



About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.



About Businessline/Function :

The accounting control group performs a key role in controlling the integrity of the data in the General Ledger (GL) by controlling the auto- reconciliations between the Back Office (BO) systems and the accounting General Ledger (GL) to ensure complete and accurate transfer of data and also performing a series of GL integrity control processes. The team currently performs reconciliation & controls over 10 BO system feeding to the accounting. Controls are performed at daily/month end and periodically during the month. Team members have regular interaction with other Control functions (Operations, Middle Office, IT and other Finance teams) and develop specialist skills in particular systems/products.

The person will be responsible for the timely and accurate completion of daily and monthly control tasks. They will ensure that reconciliation breaks are investigated, understood and a GL impact assessment completed to determine whether the GL requires adjustment for the monthly closing. In addition, remediation action required must be documented and appropriate action taken to oversee any required changes to the reconciliation process or the GL.

























Job Title:

Associate/Senior Associate

 

Date:

08/05/2019

Department:

Finance Shared Services

Location:

Mumbai

Business Line / Function:

Accounting Control

Reports to:

(Direct)

Manager – UK Level 1 Controls

Grade:

(if applicable)

(Functional)

Number of Direct Reports:

None

Directorship / Registration:

NA

 

Position Purpose

Key role to ensure GL data integrity by monitoring of various Back office  systems covering various CIB products which feed GL. Extensive knowledge of Capital market products and Wholesale banking products and their accounting will be a added advantage.

Responsibilities

Direct Responsibilities

 

o    Perform/review control reconciliations over BO – GL feeds for BO systems (approx. 10) that are allocated to Mumbai

o    Perform periodic GL integrity controls over specific GL accounts

o    Investigate & document reconciliation and/or integrity control breaks

o    Assess impact on GL for month end closing & if adjustment required

o    Liaise with Regional Finance and other control functions (BO, MO, IT etc) as required on a regular and timely basis

o    Perform GL journal corrections as required

o    Support remediation actions for control process issues identified

o    Maintain up-to-date procedures for all controls operated by the Mumbai team

o    Contribute to the BNP Paribas Operational Permanent Control framework

 

 

 

 

Contributing Responsibilities

Technical & Behavioral Competencies

o    Preferred qualified accountant (3-5 yrs) – though not essential if can demonstrate significant relevant experience

o    Accounting/Finance control experience is essential - track record of supervising/performing accounting reconciliations & ledger integrity controls (inc investigation & resolution of control breaks)

o    Excellent problem solving & analytical skills – enable root cause of control issues to be fully understood

o    Solid understanding of general ledgers and accounting/booking treatment for a range of financial products

o    Strong data handling skills (minimum: Excel intermediate level)

o    Excellent communication skills (written & oral) inc. clear explanation of technical issues

o    Highly organized with strong deadline focus

o    Accounting control and reconciliations

o    Knowledge of Investment banking products

Specific Qualifications (if required)

·         MS Excel (at least intermediate)

        

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Attention to detail / rigor

Ability to deliver / Results driven

Communication skills - oral & written

Client focused

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop and adapt a process

Choose an item.

Choose an item.

Education Level:

Master Degree or equivalent

Experience Level

At least 3 years

Other/Specific Qualifications (if required)

 




As mentioned in JD above

Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: FINANCE ACCOUNTS ET MANAGEMENT CONTROLEducation Level: Master Degree or equivalent (> 4 years)Experience Level: At least 3 yearsSchedule: Full-time Behavioural competency: Ability to deliver / Results drivenTransversal competency: Ability to set up relevant performance indicators