Avp - Financial Accounting

AVP - FINANCIAL ACCOUNTING (JOB NUMBER: BNP024295)

**About BNP Paribas Group**:
BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

**About BNP Paribas India Solutions**:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solutions.

**About Business line/Function**:
The Nearshore department is a Cross Border team located in Mumbai and fully dedicated to the APAC region. The Nearshore department is under creation and going through different projects of on-boarding new services and implementing a new accounting and reporting system (OFS). The platform is design to service entities across APAC including:

- BNPP Group legal entities in North, South East Asia and Australia.
- The functional scope covers Financial & Management Accounting & Reporting, Credit Risk Reporting and contribution to the Liquidity Reporting.

**Job Title**:
AVP - Financial and Management Accounting

(Subject Matter Stream)

**Date**:
2022

**Department**:
Finance Shared Services

**Location**:
Mumbai

**Business Line / Function**:
Finance

**Reports to**:
**_ (Direct)_**

AVP

**Grade**:
**(if applicable)**

**_ (Functional)_**

**Number of Direct Reports**:
N/A

**Directorship / Registration**:
NA

**Position Purpose**

The main responsibility of the Subject Matter Stream (SMS) is to ensure the accuracy of the financial and management accounting ledgers along with relevant financial controls through a new BNP Paribas tool (OFS). Understanding the tools and processes, daily/monthly financial controls as per the target operating model and ensure these processes are followed and documented with adequate level of controls.

Act as a key point of contact to the Middle Office, Operations, Local Finance and the Regional teams.

**Responsibilities**

Be responsible for the production of the Financial and Management accounting for a business unit (entity or business line)

Test all feeds and processes before entities go live on the new systems

Explain the components of the financial and management accounting variance to the Financial Controller via dedicated governance

Ensure the accuracy of the Financial and Management accounting ledgers via a strong level 1 control

Understand the OFS processes and usage of OFS tools from the financial and management accounting, controls and reporting perspective

Create process documentations for respective areas for productions teams to follow in the target operating model

Be responsible for the static data of the entity/business unit

Support the production teams during parallel run and go-live to ensure that the OFS tools and processes are followed as per the target operating model

Have proper oversight over non-finance teams to ensure they are performing their controls.

Review and sign-off controls performed by operations and other non-finance teams

Perform Profit & Loss, Foreign exchange and MTM reconciliation between Middle Office and accounting

Explain the differences between the Middle Office and the Accounting P&L (structural differences and P&L corrections

**Technical & Behavioral Competencies**

Ability to adapt to changes and work under pressure in a complex environment with stake holders from various areas

Capability to work and interact with various people of different expertise and level.

Rigorous for implementation with culture of controls

Data mining and analytical skills

Client focus

Collaborative worker & team player

**Specific Qualifications (if required)**

Expertise in accounting of banking products/activity and understanding of product life cycle

Knowledge of financial reporting processes in Banking industry including IFRS

Knowledge of Corporate