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 Controls 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 Level 2 Controls team is to provide independent assurance that Level 1 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 (incl. the minimum control standards defined in the Standard Accounting Control Plan) are implemented appropriately. This Level 2 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:
Senior Associate/ Assistant Manager – Level 2 Accounting Controls and Monitoring
Date:
DD Month, YYYY
Department:
Finance Shared Services
Location:
Mumbai
Business Line / Function:
Controls
Reports to:
(Direct)
Team Manager
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
-
Directorship / Registration:
NA
Position Purpose
- Contribute to the performance of 2nd level accounting control of BNP Paribas entities in EMEA.
- Drive the account owner sign-off and first level accounting control certification process
- Perform and document accounting controls and analysis
- Contribute to 2nd level control reviews and prepare some key controls (manual entries, data integrity check)
- Contribute to the automation of certain accounting control processes and the standardisation of booking schemes among entities.
Responsibilities
Direct/Contributing Responsibilities
· Perform/review control testing over Level 2 accounting controls that are allocated to ISPL & provide formal assessment of control quality & recommendations for improvement as required – this is an on-going process throughout each month
· Maintenance of control justification tool incl. static update and testing for any new activities as required
· Perform monthly system tool process – publishing balances to owners, ensuring all responses received on time & collating issues
- Monitor Accounting Control outcomes through key performance and key risk indicators
· Reporting on status of Regional Finance procedures (review status) and tracking external/internal Finance audit recommendations
· Liaise with Regional Finance and other control functions as required on a regular and timely basis
· Perform reporting to Regional management over control work performed on agreed format/frequency
· Support remediation actions for control process issues identified
· Maintain up-to-date procedures for all controls operated by the Level 2 Controls team
- Participate to Finance Projects linked to Accounting Controls
- Contribute to BNP Paribas operational permanent control framework.
Technical & Behavioral Competencies
- Qualified Chartered Accountant
- Accounting degree or equivalent with relevant work experience
- 3 to 5 years mandatory experience on accounting audit or accounting control
- Banking (mandatory)
- IFRS knowledge (Preferable)
- Solid understanding of financial instruments and developed skills in analysis of business supporting processes from accounting control perspective
- Knowledge of 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 (mandatory)
Specific Qualifications (if required)
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Attention to detail / rigor
Ability to deliver / Results driven
Communication skills - oral & written
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop and adapt a process
Ability to manage a project
Ability to set up relevant performance indicators
Education Level:
Master Degree or equivalent
Experience Level
At least 3 years
Other/Specific Qualifications (if required)
