The bank for a changing world

Vice President - Senior Control Supervisor – Head Office Reporting

Contract

Standard / Permanent

Location

US-NJ-Jersey City

Job function

FINANCIAL AND TECHNICAL EXPERTISE

Reference

FIN000805

Business Overview

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 principally under IFRS 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 (i.e. FED/SEC) under US GAAP. The Group works closely with not only Finance and Tax department but with other functions of CIB North America to provide value added analysis and advisory services to its clients in the areas of accounting control.

 
Position Overview
The Senior Control Supervisor is primarily responsible for overseeing the overall operation of the Control functions of the group. He / She is responsible for developing the Control Framework to comply with BNP Paribas requirement. The Senior Control Supervisor will be responsible for developing the Accounting Control Framework from the issuance of new controls procedures to implementation and ongoing monitoring of the accounting controls performed by various CIB NA functions. He / She will perform 2nd level review and will test 1st level controls – being specifically responsible for the review of all Capital Market activities booked in North America.
 
The Senior Control Supervisor will contribute to implement control governance, liaising with the Back Offices, Finance production (1st level control). The controls he/she will perform will be the basis for the production of standardized controls dashboards/ summary reporting for key risks indicators to be communicated to North America Finance Managements and Regional and Central CIB Managements.
 
Responsibilities
End of accounting period:
  • Before each closing period, review the control working program and circulate planning and specification for the Head Office control aspects of the closing process to all the stakeholders
  • For each closing period review and test the effectiveness of the controls performed by various CIB NA functions  according to the control working program
  • Identify and escalate control gaps
  • Formalize and report the results of the controls
  • Development and maintenance of full knowledge of reconciliation tools and principles related to our Control tool (assignation of account ownership, loading of information from source systems, collection and analysis of applicable accounts’ reconciliation, preparation and discussion of all Reconciliation Review Memorandums)
  • Preparation of the list of aged items for write-offs and provisioning to be submitted to Finance Management.
 
Permanent (on a daily basis):
  • Document processes, risks and controls
  • Assist in any special project or request as directed by management.
  • Perform testing of controls and document testing procedures performed
  • Identification of control weakness/control gap and suggestion/implementation of solutions
  • Coordination with Control / Process Owners, external auditors and other stakeholders regarding control documentation, testing, and evaluation.
  • Identification of control weakness/control gap and suggestion/implementation of solutions
  • Act as primary contact for  2nd level control for the Head Office control
  • Assist in developing an “control oriented’ culture for regulatory reporting  across the organization (Finance and non-Finance)
 

  • Bachelor's degree in Accounting or Finance degree;
    • CPA, CFA or equivalent required
  • Minimum 7 years of experience in public accounting; big 4 experiences in banking and capital markets
  • Good understanding or knowledge of IFRS requirements and familiarity with COSO framework
  • Solid understanding of financial instruments and developed skills in analysis of business supporting processes from accounting control perspective
  • 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) 
FINRA Registrations Required: 
  • Not Applicable

BNPPRSR