AVP, Accounting & Control

AVP - Accounting & Control

About the Role

The SMS CMP SPOF team specializes in:

• Financial reporting through IFRS and FGAAP for complex entities/equity products, including Statutory Financial Statements, Management papers, and Taxation.
• Financial accounting for equity and various products/entities.
• Intercompany reconciliation between BNPP head office and its branches.

The SMS team is responsible for month-end closing, providing oversight and control over daily transactions, operations, and activities. This includes investigating reconciliation breaks, assessing GL impact, and documenting remediation actions.

Key Responsibilities

• Lead the Regional competence center for Capital Market stream (PL reconciliation processes) and manage the team.
• 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, management accounting, controls, and reporting perspectives.
• Review Standard Operating Procedures (SOP’s) for production teams.
• Review account activity/ledgers for accuracy and drive timely inter-company reconciliations.
• Build a strong control environment according to the BNP Paribas Standard Accounting Control Plan and ensure a Level 1 control framework.
• Engage with External Audit, Regulators, and internal control teams, driving the resolution of their queries.
• Execute BCM responsibilities for the respective team/business.
• Define and implement permanent controls on BCP activities within scope.

Quarter Ends

• Perform Intercompany reconciliation and analyze gaps within thresholds.
• Analyze BC150 posting for relevance 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.
• Identify permanent solutions for interco 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.
• Possess end-to-end knowledge of various Banking products.
• Conduct internal trainings on products and Interco processes for knowledge sharing.

Controls

• Review and implement robust controls framework regularly.
• Identify and mitigate risks in process delivery, focusing on process enhancements/harmonization.
• Direct contribution to BNP Paribas operational permanent control framework, adherence to compliance requirements, SLA preparation/review, and operational procedures review.

People Management

• Set objectives, ensure accurate performance evaluation, provide regular feedback, manage talent pool and career paths, support team 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/enhancements.
• Assist in user acceptance testing and troubleshooting after deployment.
• Assist in identifying operational process improvements to increase team efficiency and effectiveness.
• Assist in integrating and streamlining reports.
• Observe bank’s policies and procedures.
• Assist in special projects or requests as directed by management.

Requirements & Tech Stack

Technical Competencies

• Knowledge of IFRS and US GAAP reporting.
• Experience in financial reporting and analysis, including 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, PowerPoint).
• Advanced knowledge of MS Excel (formulas, pivot tables, charts, and graphs).

Behavioral Skills

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

Qualifications

• Education Level: Qualified CA.
• Location: Bangalore / Mumbai / Chennai.