We are looking for

Senior Associate – Regulatory Reporting & Controls Testing

Apply REF: ACC000333

About BNP Paribas Group:

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees. 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, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions

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.

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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.


Job Title:

Senior Associate – Regulatory Reporting & Controls Testing




Finance Shared Services



Business Line / Function:

Accounting Control

Reports to:


Lead - Regulatory Controls Testing


(if applicable)



Number of Direct Reports:


Directorship / Registration:



Position Purpose

The CIB ICFR control Analyst /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.


Direct Responsibilities

End of accounting period

ü Become a point of contact in liaising the testing program between ISPL and US team. ü 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

ü For each closing period review the substantive testing performed by the junior analyst to ensure the proper execution of the testing and provide guidance.

ü Identify and escalate control gaps to US team for timely remediation

ü Provide the guidance to the control owners in remediation of the findings

ü 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)

ü 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)

ü Evaluate the compliance of CIB NA accounting control environment with US regulatory requirements

ü Identification of control weaknesses/control gaps and suggestion/implementation of solutions

ü Formalize and report the results of the control test to the control governance for local regulatory reporting

ü Update knowledge of latest regulatory reporting requirements/developments

ü Develop an “control oriented’ culture for regulatory reporting across the organization (Finance and non-Finance)

Technical & Behavioral Competencies

ü Accounting degree (with concentrations in financial/regulatory audit) o      CA or CPA or equivalent preferred

ü Minimum 2 years of experience in the audit of banking and capital markets or equivalent experience in financial and/or regulatory reporting process

ü Good understanding or knowledge of SOX/FDICIA/COSO requirements and familiarity with COSO framework

ü Solid understanding of financial instruments and developed skills in analysis of business supporting processes from accounting control perspective

ü Strong organizational skills, rigorous, and self-disciplined

ü Attention to detail and commitment to maintaining a strong control environment ü Good communication skills, (i.e. writing, listening, presentation)

ü Advanced technical skills (i.e. MS Word, Excel, PowerPoint, Access)

ü Knowledge of Investment banking products and Control testing experience of US Reg reports such as FFIEC002, FRY9C, FRY15, Call report, Liquidity reports, etc.


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

2 - 4 years

Other/Specific Qualifications (if required)

Primary Location: IN-MH-MumbaiJob Type: Standard / PermanentJob: FINANCE ACCOUNTS ET MANAGEMENT CONTROLEducation Level: Other Degrees / Certifications / Vocational, Technical or Professional QualificationsExperience Level: At least 3 yearsSchedule: Full-time Reference: ACC000333