Associate - SMS- Accounting & Control Functions

Job Description 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. 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 specialised 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 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. About Business Line/Function The Subject Matter Stream is primarily responsible for month end closing along with providing oversight and control over day-to-day transactions, operations and activities, including the recording of revenue arising from transactions from various activities including Global Market, Global banking activities and Financing activities. Job Title Associate Date 2024 Department Subject Matter Streams Location: Mumbai Business Line / Function FSS Reports To (Direct) Manager Grade (if applicable) (Functional) Number Of Direct Reports Directorship / Registration: NA Position Purpose Financial Accountants are involved in the day-to-day maintenance and control of the general ledgers for the entities under their responsibility associated to the assigned products or transversal scope. When applicable, they coordinate review and potential adjustments with other teams. Additionally, they will have to ensure quality of data for all Reporting streams and be in charge of performing adjustments when needed in the General ledger. Responsibilities Direct Responsibilities Accounting & Control Functions Banking Products is in charge of all financials topics linked to customers banking products . - Prepare and book daily/monthly entries (Accrual, MTM booking, etc.) - Enforce controls and ensure that balance sheets are in balance; prepare balance sheet reconciliation schedules. - Prepare reconciliation between source and general ledger and identify gaps. - Review daily transactional account activity/daily ledgers for posting errors and back-value transactions. - Review ledgers and perform account and transaction analysis for a set of entities - Analyze, reconcile, and review all accounts under their responsibility by performing a variance analysis of corresponding revenue/balance sheet items, highlighting trends, and following up on questions/ concerns - Prepares month-end substantiation packages for multiple legal entities. - Ad-Hoc Requests (profit center creation) / Intra day. - Assists with audit requests from External Audit, Regulators and internal control teams. - Update and review mapping tables Reporting and Analysis - Performs financial reporting, analysis, and related activities for multiple legal entities from various activities including Global Market activities, financing activities. - Assist in preparing financial statements (US GAAP and IFRS). Contributing Responsibilities Projects, Systems Support, Operational Process Improvements - Participate in the upgrades/version releases of respective reporting tools as well as system amendments/enhancements required to facilitate new/modified reporting requirements. - Assist in identifying operational process improvements in production, control procedures, and workflow organization to increase the team's efficiency and effectiveness. Also assist in integrating and streamlining the reports under the team's responsibility Other Functions - Observe the bank's policies and procedures. - Assist in any special project or request as directed by management. Technical & Behavioral Competencies Training and occupational experience - Knowledge of Banking products is desirable - Working knowledge and understanding of generally accepted accounting principles, both in IFRS and French GAAP (an asset) - High proficiency in computer skills and data analytics - Intern experience in Finance within the Banking sector (Financial Accounting, Reporting, Business/financial analysis), including audit and consultancy firms Methodologies, Tools & Technologies - Business Objects - Advance Excel - Programming knowledge a plus