About the job
- As Central 2LoD on P&L and FX Accounting Control team, it will be your responsibility to coordinate the review of the P&L and FX accounting controls prepared around the world by Finance departments, reporting your findings back to management both in the site and at Head Office. You will also be responsible in the central coordination and controls of central adjustments relating to Independent Price Verification (IPV) process or xVAs adjustments
- Based on your expertise of the P&L and FX reconciliations currently performed at the various CIB or non-CIB sites, you will play a key coordination role in any initiative that aims at improving and standardising the control processes
Your Main Activities Are
- Working with local experts in order to review current processes
- Review of the certification results on accounting controls on P&L and FX reconciliations
- Gaining a full understanding of local sites accounting and economic (Middle Office) systems and processes
- Identification of all areas of accounting risk and operational risk in relation to P&L and FX
- Building relations within the sites, including in Finance, Middle Office, Back Office, Risk and some Front Offices
- Identification of a common best practise and publish and implement this procedure in all sites, updating periodically as required
- Perform an in-depth review of local P&L and FX reconciliations to ensure they are being performed to Accounting Control standards
- Report to management on both the annual review findings and the quarterly reconciliations performed in the sites.
- Promote key Finance principles and guidelines in all business sponsored projects impacting P&L processes such as Carry-cash golden source, sell down, reset or FX translation
- Ensure consistency of implementation across various Business lines / P&L systems / locations
- Ensure the coordination and a risk based approach of the effective coverage investigation. Represent FINANCE LoD2 to the associated governance
- Bring functional expertise to 2 top priority projects such as HERACLES and OFS-management reporting module
- Developing the target operating model
- Coordinating the FINANCE platforms (contribution, roadmap, dependencies, escalation)
- Ensuring consistency of requirements across FINANCE platforms
- Accompanying the Finance community in the transformation
- Hold regular (at least quarterly) Internal Control Committee (FORCC) meetings with the regions/entities of the scope to review the accounting control issues
- Contribute to the Accounting and Financial Risk Committee (AFRiC) for the allocated regions and transversal topics
- Hold ad-hoc meetings with Regional Finance when needed
Profile and Skills to Success
- At least 3 years of professional experience in Corporate Investment Banking, either from within a bank or through an external provider (Audit/ consultancy etc.)
- Familiar with CIB accounting and Middle Office systems
- Excellent understanding of P&L and FX reconciliations, processes and activities within CIB
- Knowledge of investment banking activities, especially of Capital Markets products
- Fluent in English both spoken and written
- Natural ability to learn and understand various general ledgers and Middle office systems
- Strong communication skills and able to effectively interact with people outside of the Finance area and across the world
- Strong Accounting or Middle Office background and control orientation
- Capacity to lead investigations in autonomy, capacity to lead investigation for a task force, coordination of investigation and provide feedbacks
- Critical need for accuracy and reliability but also able to see the big picture
- Excellent organisation skills
- Strong control background and ability to question and challenge the information received
- Ability to manage priorities in a context of tight deadlines
- Strong and concise communication skills both spoken and written
- Curious by nature, rigorous, careful to detail, reliable, open-minded, well-organized, efficient, methodical and spot-on
- Weekend working and long days during closing periods to be considered and will be compensated according to Bank policy
About the Team
- F&S count +1800 employees specialized in Accounting, Reporting, Performance Steering, Tax, Control, Regulatory and Project to mention few of them. F&S is organized around 3 mutualized regional platform (America, Europe and Asia/Pacific), 1 Shared Finance Service center located in India, Central F&S teams located in Paris and decentralized Finance, Tax and Development departments located in each BNPP country presence
- The Infinity EMEA Finance & Strategy Platform is the Regional EMEA Mutualized platform and Group platform delivering services that cover the whole financial dimensions: Accounting production activities, reporting, control, transformation projects, IT and GDO. Our platform serves EMEA Countries and CFO´s, Group Head Office and also worldwide entities when it refers to projects (Transformations & IT). The Infinity EMEA Finance & Strategy Platform is located in a dual location Madrid and Lisbon
#LI-Hybrid
Why joining BNP Paribas?
· Leading banking institution
BNP Paribas is the European Union’s leading bank, and key player in international banking. It operates in 63 countries and has nearly 183.000 employees, including more than 146.000 in Europe.
· Our presence in Portugal
In Portugal since 1985, BNP Paribas today has more than 8.700 employees, distributed across the Group's 10 business entities established in the country. Its presence also extends to 11 excellence centres providing value-added services to various countries where the BNP Paribas Group also operates.
· International reach
Thanks to its international presence and regular and close collaboration among its different entities, BNP Paribas has the resources to support all clients with financing, investment, savings and protection solutions that help make their projects a success. BNP Paribas holds key positions in its three core operating divisions:
- Retail Banking, a division that brings together all of the Group’s retail activities and specialised business lines;
- Investment & Protection Services that include specialised businesses offering a wide range of savings, investment and protection services;
- Corporate & Institutional Banking division that offers tailored financial solutions for corporate and institutional clients.
· Diversity and Inclusion commitment
BNP Paribas is an equal opportunity employer and proud to provide equal employment opportunity to all job seekers. We are actively committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity/paternity, race, religion or belief, sex or sexual orientation. Equity and diversity are at the core of our recruitment policy because we believe that they foster creativity and efficiency, which in turn increase performance and productivity. We strive to reflect the society we live in, while keeping with the image of our clients.
· Commitment towards work/life balance
At BNP Paribas we care about our employees wellbeing and promote a culture of good integration between work and rest. We believe our employees have rich personal lives outside of work, being fundamental to be disconnected from work to recharge both physically and mentally. Only through this balance we may all be at our best while working.
· Remote Working Conditions
At BNP Paribas, we embrace a Smart Working framework based on trust, autonomy and collaboration. Within this framework, eligible employees can benefit from flexible remote working modalities adapted to our hybrid working environment. To guarantee a comfortable and efficient working set-up, eligible employees are provided with both the office and home equipment, are entitled to an equipment allowance and can benefit from exclusive partnerships to purchase additional equipment at reduced prices.
To find out more on why you should join BNP Paribas visit https://bnpp.lk/why-BNP-Paribas-Portugal
* Please note that only applications submitted in English will be considered.
* In case you are selected for this role, further documentation will be requested to support your hiring process.
