Associate, Accounting and Controls

About the Role

The Subject Matter streams team is responsible for month-end closing, providing oversight and control over day-to-day transactions, operations, and activities. This role ensures reconciliation breaks are investigated, understood, and a General Ledger (GL) impact assessment is completed for monthly closing. Remediation actions are documented, and appropriate action is taken to oversee any required changes to the reconciliation process or the General Ledger.

Key Responsibilities

• Lead the Regional competence center for Capital Market stream, including PL reconciliation processes and team management.
• 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 a financial and management accounting, controls, and reporting perspective.
• 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 to drive the resolution of their queries.
• Execute BCM responsibilities for the respective team/business and define/implement permanent controls on BCP activities.

Quarter Ends

• Perform Intercompany reconciliation and analyze gaps to maintain within thresholds.
• Analyze BC150 posting for relevance and make necessary amendments.
• Ensure timely communication with all stakeholders and adherence to deadlines.
• 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.
• Identify permanent solutions for intercompany breaks.
• Analyze and delete BC150 Generic.
• Lead and manage the Interco 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.
• Contribute to the continuous improvement of CIB Interco processes.
• Gain 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.
• Direct contribution to BNP Paribas operational permanent control framework and adhere to compliance requirements.

People Management

• Set objectives, ensure accurate performance evaluation, provide regular feedback, manage talent pool and career paths, and support mobility.
• 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.
• Prepare financial statements (US GAAP and IFRS).
• Participate in upgrades/version releases of reporting tools and system amendments.
• Assist in user acceptance testing and troubleshooting 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

• IFRS and US GAAP reporting knowledge.
• Financial reporting and analysis experience in a medium to large organization.
• Experience 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 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, and 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

Location: Bangalore / Mumbai / Chennai