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 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.
The Accounting Control Department is a
transversal function within CIB Finance whose primary roles are:
·
to
develop and implement a strong accounting 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 (FED/FINRA/SEC) 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 accounting control.
Job
Title:
Assistant
Manager
Date:
2019
Department:
Finance Shared
Services
Location:
Mumbai
Business
Line / Function:
Accounting
Control
Reports
to:
(Direct)
AVP – North
America Controls
Grade:
(if
applicable)
(Functional)
Number
of Direct Reports:
None
Directorship
/ Registration:
NA
Position
Purpose
The CIB ICFR control senior analyst is primarily responsible for assessing
the design and operating effectiveness of the controls implemented within CIB
North America entities. The CIB ICFR control analyst will perform control
testing on behalf of the management in accordance with the methodology
developed based on the COSO 2013 internal control framework. The testing is
conducted throughout the year to provide reasonable assurance and sufficient
coverage for the period under audit. The result of the testing will be
communicated to the respective governance bodies (i.e. management committees
and board committees) on a quarterly basis as the basis for management in
making assertion over the effectiveness of the internal control implemented
by the Bank over the financial and regulatory reporting.
Responsibilities
Direct Responsibilities
End
of accounting period
-
Become a point of contact in liaising the
testing program between ISPL and US team.
-
For each closing period review and substantively
test the effectiveness of the controls performed by various CIB NA
functions according to the control
working program for a high risk area
-
For each closing period review the substantive testing
performed by the junior analyst to ensure the proper execution of the testing
and provide guidance.
-
Identify and escalate control gaps to US team
for timely remediation
-
Provide the guidance to the control owners in
remediation of the findings
-
Contribute to review and challenge the draft of US regulatory reporting,
especially the manual adjustments before their submission to the regulators
Contributing Responsibilities
Permanent
(on a daily basis)
-
Develop and maintain the US regulatory control
framework by assisting the US regulatory team to identify and document risks
and controls in place or to be implemented by CIB North America functions (i.e. Middle Office, Back Office,
Accounting, and functions)
-
Evaluate the compliance of CIB NA accounting
control environment with US regulatory requirements
-
Identification of control weaknesses/control gaps
and suggestion/implementation of solutions
-
Formalize and report the results of the control
test to the control governance for local regulatory reporting
-
Update knowledge of latest regulatory reporting
requirements/developments
-
Develop an “control oriented’ culture for
regulatory reporting across the
organization (Finance and non-Finance)
-
Working knowledge of CCAR Control testing for
reports such as14A, 14Q and 14M reports
Technical
& Behavioral Competencies
-
Accounting
degree (with concentrations in financial/regulatory audit)
o
CPA or
equivalent preferred
- Minimum 5 years of experience in the audit of
banking and capital markets or equivalent experience in financial and/or
regulatory reporting process
- Good understanding or knowledge of SOX/FDICIA
requirements and familiarity with COSO framework
- Hands-on experience on US Regulatory reports
control testing such as FRY9C, 14A, 14Q, FFIEC002, Call reports, Liquidity
reports, etc.
- Solid understanding of financial instruments
and developed skills in analysis of business supporting processes from
accounting control perspective
- 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)
- Knowledge of Investment banking products
Specific
Qualifications (if required)
·
MS Excel (at least intermediate)
Skills Referential
Behavioural Skills:
Attention to
detail / rigor
Ability to
deliver / Results driven
Communication
skills - oral & written
Client focused
Transversal
Skills:
Ability to
understand, explain and support change
Analytical
Ability
Ability to
develop and adapt a process
Education Level:
Master Degree or equivalent
Experience Level
At least 5 years
Other/Specific Qualifications (if required)
Qualifications
- Accounting degree (with concentrations in financial/regulatory audit)
o CPA or equivalent preferred
- Minimum 5 years of experience in the audit of banking and capital markets or equivalent experience in financial and/or regulatory reporting process
- Good understanding or knowledge of SOX/FDICIA requirements and familiarity with COSO framework
- Solid understanding of financial instruments and developed skills in analysis of business supporting processes from accounting control perspective
- 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)
