Associate, Accounting & Controls

About the Role

The SMS team is responsible for month-end closing, providing oversight and control over day-to-day transactions, operations, and activities. This includes investigating reconciliation breaks, assessing GL impact, documenting remediation actions, and overseeing changes to the reconciliation process or General Ledger.

Key Responsibilities

• Perform PL reconciliation for Capital Market stream.
• Drive the production of Financial and Management accounting for a business unit.
• Build coordination and governance between Platforms and Regional Finance teams.
• Engage with Finance Controllers to discuss financial and management accounting results, trends, and variances.
• Promote OFS processes and usages from financial and management accounting, controls, and reporting perspectives.
• Review Standard Operating Processes (SOPs) for production teams.
• Review account activity/ledgers for accuracy of financial data and drive timely and accurate inter-company reconciliations.
• Build a strong control environment as defined by the BNP Paribas Standard Accounting Control Plan and ensure a strong Level 1 control framework.
• Engage with External Audit, Regulators, and internal control teams and drive the resolution of their queries.
• Execute BCM responsibilities for respective team/business.
• Define and implement proper permanent controls on BCP activities.

Quarter Ends

• Perform Intercompany reconciliation and analyze gaps to maintain within thresholds.
• Analyze BC150 posting to see if relevant and make necessary amendments.
• Timely communication with all stakeholders.
• Ensure deadlines are followed.
• Monitor team deliverables.
• Manage audit requests from External Audit, Regulators, and internal control teams.

Interclosing

• Solve open breaks during closing.
• Perform interclosing for month ends.
• Look for permanent solutions for interco breaks.
• Analyze and delete BC150 Generic.

Team Management

• Lead and manage the CMP team in day-to-day activities.
• Serve as the primary point of contact for internal stakeholders on operational matters.
• Ensure compliance with best practices and company policies.
• Drive continuous improvement of CIB Interco processes.
• Develop end-to-end knowledge of various Banking products.
• Conduct internal trainings on product and Interco process for knowledge sharing.

Controls

• Review and implement robust controls framework regularly.
• Identify and mitigate risks in process delivery, focus on process enhancements/harmonization.
• Ensure a proficient setup to increase team efficiency and effectiveness.
• Direct contribution to BNP Paribas operational permanent control framework.
• Adhere to compliance requirements, SLA preparation/review, and review of operational procedures.

People Management

• Set objectives, ensure accurate performance evaluation, provide regular feedback.
• Manage talent pool and career paths, support mobility for teams.
• Coach team of finance professionals and guide their career planning.
• Manage costs by driving efficiencies and effective hiring.

Reporting and Analysis

• Perform equity and securities reporting as per IFRS and French GAAP for multiple legal entities, including Head Office and its branches.
• Prepare financial statements (US GAAP and IFRS).

Contributing Responsibilities

• Participate in upgrades/version releases of reporting tools and system amendments/enhancements.
• Assist in user acceptance testing and trouble-shooting after deployment.
• Assist in identifying operational process improvements in production, control procedures, and workflow organization.
• Assist in integrating and streamlining reports.
• Observe the bank’s policies and procedures.
• Assist in any special project or request as directed by management.

Requirements & Tech Stack

• Knowledge of IFRS and US GAAP reporting.
• Experience in financial reporting and analysis includes preparation of US GAAP and IFRS financial statements and financial reports for senior management.
• Basic Corporate Banking product knowledge.
• Ability to obtain and maintain a thorough understanding of the general ledger structure and financial reporting.
• Ensure an accurate and timely monthly, quarterly, and year-end close.
• Work with the Controller to ensure a clean and timely year-end audit.
• Support Controller with special projects and workflow process improvements.
• Ability to learn new systems and products quickly.
• Knowledge of business desktop applications (MS Outlook, Word, PowerPoint).
• Advanced knowledge of MS Excel (formulas, pivot tables, charts, and graphs).
• Effective analytical, organizational, and problem-solving skills.

Behavioral Skills

• Ability to collaborate / Teamwork
• Attention to detail / rigor
• Active listening
• Negotiation Skills

Qualifications

• Qualified CA/MBA.
• Location: Bangalore / Mumbai