Avp - Fx Pnl Recon / Product Control/level 1 Control

1 week ago

Mumbai, Maharashtra, India BNP Paribas Full time
AVP - FX PNL RECON / PRODUCT CONTROL/LEVEL 1 CONTROL (

JOB NUMBER:
FIN003311)

Position Purpose

  • Perform for the APAC region the first level controls for the P&L and FX reconciliations, ensuring differences are highlighted, adjusted and solutions are implemented.
  • Act as a key point of contact to the Middle Office, Operations, Local Finance and the Regional teams.
  • Review underlying products and transactions to resolve discrepancies.

Direct Responsibilities

  • Perform Profit & Loss reconciliation between Middle Office and accounting
  • Perform Foreign Exchange reconciliation between Middle Office and accounting
  • Perform reconciliation of Mark to Market to Equity between Middle Office and Accounting
  • Explain the differences between the Middle Office and the Accounting P&L (structural differences and P&L corrections)
  • Verify the accounting corrections detected in the context of the controls have been correctly processed
  • Monitor the remaining difference is at an immaterial level, and assess requirement for provision
  • Maintain the system and reports for P&L and FX reconciliation
  • To handle the finance validation of the day to day front office portfolio request and ensure it is aligned with the accounting setup.
  • Suggest improvement in the system and data flow for P&L and FX reconciliation
  • Communicate with a wide range of departments (Middle Office and Operations), Finance teams (regional and local) and Performance Management Team
  • Handle ad hoc queries as requested by Management
  • Manage a team of 45 members, review team's tasks and maintain KPI
  • Maintain good relation with extended teams and clients
  • Migrate the reconciliations in the new ledger post OFS implementation per entity

Contributing Responsibilities

  • Contribute to the implementation of operational permanent control policies and procedures in daytoday business activities, such as the Control Plan
  • Contribute towards UAT and golive of reconciliation in new finance ledger; OFS
  • Direct contribution to BNPP operational permanent control framework
  • Comply with regulatory requirements and internal guidelines
  • Contribute to the investigation/coordination with local finance, operation & MO on other control issues.
  • Contribute to the overall Asset Liability Management and Rest of the bank FX position and P&L sell down process
  • Provide assistance in performing control on data flow for Capital Market Activities
  • Assist Performance Management in reconciling accounting P&L with the business line P&L reported in Paradigm.

Technical & Behavioral Competencies

  • Ability to work under pressure in a complex environment with stake holders from various areas
  • Data mining skill & analytical
  • Selforganized, with strong ability to anticipate, plan and priorities issues
  • Rigorous for implementation with culture of controls
  • Capital Market Product knowledge
  • Sound financial accounting knowledge
  • Proficiency in Microsoft Excel, Word, PowerPoint, MS Access, Business Object (SQL, Macro & VBA knowledge is an advantage)

Specific Qualifications (if required)

Professional experience

  • Familiar with large international Corporate & Investment Banking activities and organization
  • Relevant experience in Banking, Capital Market activities and Treasury (minimum 4 years)
  • In Middle Office or Product Control department, as trade support, P&L calculation and analysis or organization function

Education

  • CA
  • Professional membership in CPA/ACCA/CFA are desired
  • Some training in internal/external audit processes

Skills Referential

Behavioural Skills:
(Please select up to 4 skills)

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Communication skills - oral & written

Client focused

Transversal Skills:
(Please select up to 5 skills)

Ability to develop and adapt a process

Ability to set up relevant performance indicators

Analytical Ability

Ability to understand, explain and support change

Ability to inspire others & generate people's commitment

Education Level:
Chartered Accountant

Experience Level

At least 8-10 years

Other/Specific Qualifications (if required)

  • Team Management skills
  • Good communication skill
  • Very high comfort with working with numbers: rigor, analytical mindset, ability to interpret numbers
  • Strong sense of organization, ability to prioritize tasks and meet deadlines
  • Hard working
  • Team spirit
  • Curiosity and open to other cultures

Primary Location:
IN-MH-Mumbai

Job Type:
Standard / Permanent

Job:

FINANCE ACCOUNTS AND MANAGEMENT CONTROL

Education Level:
Master Degree or equivalent (> 4 years)

Experience Level:
At least 7 years

Schedule:
Full-time

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