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
Team performs Fund Accounting for various clients across several locations with 24 x5 coverage. The process includes Transactions input, Reconciliation, Fund valuation, Cash processing, Reporting & Transfer Agency with intraday deadlines. Accurate and timely reporting of NAV to the end client is the key objective of the team.
Job Title
Assistant Manager
Date
Department:
IFSO
Location:
Chennai
Business Line / Function
Financial Reporting
Reports To
(Direct)
Manager
Grade
(if applicable)
Mid-Level
(Functional)
Manager
Number Of Direct Reports
0-5
Directorship / Registration
Position Purpose
BNP Paribas Securities Services Operations team is seeking a proactive and creative team player. The ideal candidate for this position will possess strong Financial Reporting knowledge and high exposure to IFRS and/or equivalent reporting standards. Financial Reporting Accountant plays a key role in supporting the service delivery of the Fund Administration teams and meeting clients statutory reporting requirements. He/she should possess knowledge in Fund Accounting, Unit Pricing, Investment Administration and Reconciliations areas and should understand the importance of accuracy in reporting. Time management and the ability to operate effectively within critical time constraints in the area are important.
The Financial Reporting Accountant prepares and produces accurate and quality reporting in line with SLA targets. He acts as an effective back up to his/her supervisor. He/she works with various teams and individuals in the operations division, enlisted with providing excellent client support and service. They deal in a pro-active and effective manner with the Fund Accounting teams and their counterparts in Sydney, Wellington and Singapore particularly overseeing, investigating and resolving complex client issues and ad hoc queries, on a timely basis.
In addition to report preparation, the Financial Reporting Accountant is responsible for understanding and implementation of the operational risk and legislative requirements of Fund Administration and BNP Paribas policies, in particular, ensuring compliance with the implementation of the Operational Risk and Control framework.
Responsibilities
Direct Responsibilities
Service Delivery
- Ensure timely completion of clients financial statements and regulatory reports as per standards defined and per SLA. Completeness includes accurate report generation, timely delivery of reports & archiving.
- Ensuring Green KPI's for all reporting items. Adhere to 100% timeliness/quality for all reporting items to avoid any financial impact/loss to the organization.
- Prioritize the work and guide the team in investigation with due diligence on all the discrepancies.
- Oversee other ad-hoc duties, which may arise from time to time, mainly on month ends & year-ends are completed on time.
- Ensure review of critical queries before sent. Where issues/errors arise ensure detailed analysis of issues and clear understanding is gained before responding to client, spoke or other parties.
- Ensure that the Reports are thoroughly reviewed and most updated information is provided to spoke.
- Ensure all escalations are addressed without delay.
People
- Manage staff on daily BAU and to take corrective measures/actions, if required. Updating required staff/team adequately on any changes/new events impacting BAU. Should be proactively escalating the BAU/staff issues to Manager.
- Identifying the staff training requirement & ensure all the necessary training has been provided to the team members to perform the relevant tasks. Ensure skill matrix is up to date and undergoes periodic review.
- Ensure team is motivated by following a strong Rewards & Recognition culture.
- Conducting Daily Team huddles, Weekly Team meetings and regular one on ones with team.
- Develop SMEs and ensure that, the Back-up management tool is in place for all the team members.
- Assist team manager in recruitment/interview process.
Risk Management
- Review Key/Standard Operating Procedures for each process migrated to Chennai & ensure they are complete, accurate and up to date. Latest procedure should be uploaded in XPACT.
- Enforce 100% compliance of OPC/IG/ISAE3402. Carry out sample testing & document the results.
- Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.
- Ensure Incident management protocol is followed.
- Ensure all measures are followed in relation to governance with satellite teams.
Contributing Responsibilities
- Act as a backup in the absence of manager.
- Carry out all resource planning and BAU planning and report any foreseen challenges to manager.
- Drive all process improvement initiatives and bring efficiency in the chain.
- To share the process/product knowledge with fellow team members.
- Identify manual steps, process efficiency & developments areas and provide inputs/practical ideas for automation. Drive and coordinate all process automation efforts.
- Ensure to minimize the unplanned leaves, especially during business critical days, like month end, rollover days and migration of new funds.
Technical & Behavioral Competencies
- Ability to communicate (Oral/Written) to others in a clear, articulate fashion.
- People management/interpersonal skills.
- Good listening and questioning ability.
- Ability to plan work ahead and to prioritize workload.
- Ability to work in an organized manner.
- Must have an attention to detail.
- Ability to generate creative solutions to problems.
- Be able to adapt to markets and clients evolution.
Specific Qualifications (if Required)
Accounting/Commerce
Exposure to IFRS and/or equivalent reporting standards
5-7 years of experience in Financial Reporting
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Creativity & Innovation / Problem solving
Decision Making
Client focused
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Ability to manage / facilitate a meeting, seminar, committee, training
Ability To Develop Others & Improve Their Skills
Ability to inspire others & generate people's commitment
Ability to set up relevant performance indicators
Education Level
Bachelor Degree or equivalent
Experience Level
At least 5 years
