Job Title: VP- Financial Reporting
Department: ISO
About Business line/Function: Financial Reporting
Position Purpose: Financial Reporting operation / production
Responsibilities: Daily Operations (Delivery of Regulatory Reporting deliverables) & People Management
Direct Responsibilities
- The Candidate will be expected to oversight the operational areas and work closely to support transformation.
- The role requires strong Organizational and People Management skills
- Strong technical understanding of Financial Reporting / Fund Services functions is expected. VP will be responsible for oversight, review, and allocations of day-to-day Business
- Need to have ownership to support enhanced productivity by 5 % plus efficiency to manage more business with same or less workforce.
- Candidate will be accountable to create appropriate mindset across team to follow conduct and compliance protocols with zero breaches.
- Strictly adhere to Key Performance Indicators for the process and achieving the same on a regular basis.
- Demonstration of commitment to ensure continuous process improvement to achieve efficiency targets.
- Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.
- Effective and Strong Communication Skill required for this Management role. Candidate should be able to challenge any client specific customizations
- He/ She should be managing client relationships & speaking to stake holder management independently
- Ensure all Audits are managed properly and zero findings reported.
- Ensure all the documentation is in place w.r.t Risk mitigation and Control.
- Ensure all the deliverables of the process are met and timeliness/quality maintained as per the service agreement.
- Ensure incident management protocol is followed by self and the team.
- Candidate will be responsible for managing team.
- He/ She should participate in performance evaluation and Appraisal process
- He/ She should be having periodical connect/ meetings with team and ensure communication calendar is followed
- He/ She should be responsible for the Succession planning and training needs of team
- Ensure team is motivated by following a strong Rewards & Recognition culture.
- Manage Hiring requirements of the team.
- Lead / Participate and encourage team to participate in various CSR and engagement activities / initiatives of the department / Group
- Fostering a positive and engaging team environment, with the ability to motivate and retain team members
Contributing Responsibilities
- Direct involvement in integrating new business & activities that will be transferred from other 2S locations in line with extreme risk scenario strategy.
- Develop strong working relationships with a network of counterparts in other Securities Services Locations and senior Management.
- Ensure high level of communication network is established will all the departments within the business group to promote team stability with enhancement of expertise.
- Ensure that, client issues/concerns are addressed and resolved within the agreed timelines. Client service review score card should be well maintained and aim to be 4 or above
- Ensure high level of service has been delivered to the Clients of BNP Paribas Group.
- Defining the Key Performance Indicators for the process and achieving the same on a regular basis.
- Manage and reduce operational risk
- Continue to develop a strong layer of Middle management and succession planning.
- Prioritise the work and conduct investigation with due diligence on all the discrepancies.
- Manage staff to take corrective measures/actions.
- Must have handled Business Continuity Exercises
- Ensure all the necessary training has been provided to the team members to perform the relevant tasks.
Technical & Behavioral Competencies
- Overall 15+ years plus experience with at least 10 years+ in FR Domain
- End to End exposure in Financial Reporting Stream with knowledge of Mutual funds accounting.
- Aware of the entire NAV cycle and roles played by different upstream teams. Basic knowledge of upstream teams like Middle office, Pricing, Corporate Action, TA etc.
- Interest and Experience in business Operational Transformation
- Knowledge of specific BNP Paribas/Securities Services Control processes and tools
- Continue to ensure sufficient Risk & Control process are in place
- Continually working towards process improvements and efficiency savings and optimisation of costs
- Having proper contingency planning during BCP
- Aligning with organization goals
- Business Migration Expertise
- Adequate understanding of FA System Data Flow
- Be able to express ideas effectively in individual and group situations
- Resources Hiring and Training Skill
- Internal and External Audit Management
- Candidate should have experience People management, with a proven track record of leading and supervising teams
- Exposure to implementation of artificial intelligence tools to support high productivity
- The candidate should uphold high level of compliance on conduct topics
Specific Qualifications:
Graduates / Postgraduates (M. Com/MBA Finance preferred)
Skills Referential (Required knowledge, skills and abilities)
Technical & Transversal Skills:
- Expertise Knowledge of Fund Accounting business and NAV cycle
- Ability to inspire others & generate people's commitment
- Ability to understand, explain and support change
- Analytical Ability
- Ability to manage a Project
- Ability to anticipate business/ Strategic evolution
Behavioral Skills:
- Communication skills - oral & written
- Attention to detail / rigor
- Personal Impact / Ability to influence
Education Level: Master’s degree or equivalent
Location: Chennai
Experience level: At least 15 years
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 specialized 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.
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.
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. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.
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. 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.
