The bank for a changing world

CIB ICFR Control Senior Analyst – CUSO/IHC Internal Control


Standard / Permanent



Job function




BNP Paribas Group:

BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 75 countries, with more than 189,000 employees, including more than 146,000 in Europe. 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, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

About BNP Paribas Corporate and Institutional Banking:

Fully integrated in the BNP Paribas Group, BNP Paribas Corporate and Institutional Banking (CIB) is a leading provider of solutions to two client franchises: corporates and institutionals, and operates across EMEA (Europe Middle East Africa), APAC (Asia Pacific) and the Americas. The bank is a global leader in Debt Capital Markets and Derivatives. It is a top European house in Equity Capital Markets and it has leading franchises in Specialized Financing. In Securities Services, it is a top five House worldwide. BNP Paribas CIB strives to service the global economy by providing solutions to its clients in financing (ECM, DCM, specialized financing), flow banking (trade finance and cash management), financial advisory (M&A, project finance), global markets (interest rates, credit, foreign exchange, equity derivatives), risk management, and securities services.


Business Overview:

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 (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.


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 control.


Position Overview

The CIB ICFR control 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.



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


Responsibilities (Cont’d)

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)


ü  Accounting degree (with concentrations in financial/regulatory audit)

o    CPA or equivalent preferred

ü  Minimum 5 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 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)