We are looking for

Data Trace and Control - Senior Associate

Last update 02.05.2025

FSS – Accounting Control – Data Trace and Control

Location: India (APAC)

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:

 BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability

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 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 

·       to perform 2nd level of controls for controls primary run by other Finance and non-Finance teams

·       to report on main controls areas, for both local and central needs and requirements.

·       to perform risk-based control over the data driven regulatory compliance efforts, aiming at ensuring that initial and continued compliance is reached

·       to test Information Technology (IT) based general and automated controls, implemented across multiple banking applications.

·       to collaborate with external auditors for validation of IT controls

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 and data control.

Job Title:

Data Trace and Control - Associate

Date:

15/01/2025

Department:

Financial Shared Services

Location:

Mumbai

Business Line / Function:

Accounting Control

Reports to:

(Direct)

AVP – Data Trace and Control

Grade: 

(if applicable)

NA

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

The person will be responsible for supporting the Data Trace (DT) and Data Control (DC) processes. The DT process is a risk-based control over the data driven regulatory compliance efforts, aiming at ensuring that initial and continued compliance is reached. DC process requires analyzing results and findings from the various processes, to be reported to the CDO and other key member of executive management. Both these processes involve coordination with other teams such as Regulatory reporting, Finance, Client management and other IT departments. Coordination with Data Stewards is also required. Testing done is submitted to external auditor/ Regulator / Internal audit function for validation.

Responsibilities

Direct Responsibilities

Data Trace

  • Maintain knowledge on the assigned regulatory report(s) with regards to changes in requirements, instructions, frequently asked questions, industry approaches and other sources of information on how to practically conduct analysis of reports in adherence to regulatory expectations
  • Analyze source documents for correctness, provide reporting (throughout the process) and ending with a final assessment.
  • Carry out tasks necessary to deliver data trace on agreed upon scope of work by coordinating with the relevant IT and non-IT stakeholders either autonomously or as part of an assignment team. This includes, but is not limited to, coordinating data extractions, coordinating process reviews, coordinating requirements reviews with subject matter experts, comparing with sources of authority and other available internal and external baselines
  • Perform criticality assessment of findings in view of enabling prioritization of their review and possible remediation actions launch by the relevant team(s)
  • Log findings and document assignment report and associated delivery materials
  • Monitor resolution of findings for performed reviews
  • Maintain knowledge on the assigned regulatory report(s) with regards to changes in requirements, instructions, frequently asked questions, industry approaches and other sources of information on how to practically deliver reports in adherence to regulatory expectations
  • Understand the instruction sheet published by US Fed
  • Audit regulatory reports to source documents, evaluating data transformations to various source systems and sub-systems
  • Have a clear understanding about the type of product he/she is working on.  

Data Control

  • Collaborate with key stakeholders (data stewards, business owners, data owners & process owners) in each line of business to get detailed documentation that will assist in reviewing the report.
  • Support the deployment of the Data Controls framework across reporting, platforms and geographies in scope 
  • Propose enhancements to the framework and prepare business case for sponsoring these improvements
  • Perform risk assessment of data flows, identify gaps in controls and establish a process for the stakeholders to address the gaps
  • Carry out tasks necessary to deliver the Data Quality Improvement by coordinating with the relevant IT and non-IT stakeholders either autonomously or as part of an assignment team. This includes, but is not limited to, coordinating process reviews and coordinating requirements reviews with subject matter experts.
  • Liaise with Business, IT and other stakeholders to maintain/expand risk and control matrix as well as the control inventory

Contributing Responsibilities

  • Coordinate with onshore team for maintaining key tools used in BAU, metrics, and dashboards.
  • Ensure the production of the set of Key Performance Indicators for the team defined by management

·       Develop and maintain knowledge on the BCBS239 guidance so as to constantly adjust, as relevant, your activities to the approach promoted by the Group

Technical & Behavioral Competencies

  • Good organizational and interpersonal skills
  • Attention to detail and the ability to work with a distributed multinational and multicultural team
  • A self-starter who can take the process a level ahead and have the ability to think out of the box, suggest changes and challenge status quo. 
  • Ask questions and understand the larger picture for the tasks assigned.
  • Display a sense of curiosity, enthusiasm and eagerness to understand business constraints, environment and impact on regulation for the financial industry.
  • Excellent communication skills (both verbal and written)
  • Excellent organization, analytical and time management skills.
  • Initiative, autonomy, self-motivated, self-starter
  • Extremely well organized and able to ensure adherence to a strict process
  • Flexible in a dynamic and evolving environment
  • Develops open, considerate and effective relationships with stakeholders 
  • Experience working successfully in a multicultural environment
  • Ability to work under pressure and creatively address various topics on-hand 

·       Effectively conveys the message in both written and verbal business development discussions

Specific Qualifications (if required)

  • Accounting degree with exposure of System audit 

-        MBA/CA or other professional degree in Finance & Banking.

·       Minimum 3 years of experience in the Financial Services sector 

  • Experience in Internal audit will be useful
  • Big4 Audit firm experience will be preferred 
  • Experience of working in end-to-end US Fed regulatory reports like, 5G Liquidity, LCR, NSFR, RWA, Risk, CCAR, IHC FRY9C, FFIEC002 reports etc.
  • Have conceptual understanding of all or any of the domains like Risk, Finance, Global Markets, Securities Referential, Counterparty Referential, Corporate Banking, etc. 
  • Good understanding of financial products like capital markets, derivatives, loans, equities, bonds, deposits, CD’s, various other securities etc.
  • Able to summarize critical issues in commentary format along with charts, bar or pie diagrams and able to generate status report for senior and executive management group. 
  • Identify risk in process and propose / implement controls.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Communication skills - oral & written

Client focused

Ability to synthetize / simplify

Transversal Skills: (Please select up to 5 skills)

Analytical Ability

Ability to understand, explain and support change

Ability to develop and adapt a process 

Choose an item.

Choose an item.

Education Level: 

 Bachelor Degree or equivalent

Experience Level

At least 3 years

Other/Specific Qualifications (if required)







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