Director – Financial Synthesis HOR

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 24×7 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:

Financial Synthesis HOR is a team in FSS Worldwide Finance Shared Service department located in Mumbai and fully dedicated to all regions. The functional scope covers Financial Accounting for various entities of BNP Paribas Group

Job Title:

Head of Financial Synthesis HOR

Date:

29th Apr, 2024

Department:

Financial Synthesis HOR

Location:

Mumbai

Business Line / Function:

Financial Shared Services

Reports to:

(Direct)

Head, FSS

Grade:

(if applicable)

VP2/VP3/D1

(Functional)

Number of Direct Reports:

Direct 6-7 and with overall 120 people team (including indirect)

Directorship / Registration:

NA

Position Purpose

·       The main responsibility of the Financial Synthesis Head (FS) department is to produce financial statements on various BNP Paribas Group entities on time, with good quality and accuracy.

·       This is a leadership level role to perform oversight of the financial reporting process and drive timely and accurate closing in line with Group standards and guideline.

·       Lead the various stream of Group reporting – Financial, Regulatory, liquidity and credit risk.

·       Be an expert on tools and processes as per FS TOM and ensure these processes are followed and documented.

·       Ensure the accuracy of various financial reports through a new BNP Paribas tool (One Finance system)

Responsibilities

 

·       Lead the Global Financial reporting team across regions (APAC, EMEA, UK and NAR) as well as fast growing regulatory reporting team.

·       Coordinate and establish governance between Platforms, Regional Finance teams and Head office (Group finance) for efficient delivery and optimal set up

·       Performance review of the department (KPI’s, adherence to SLA) with senior stakeholders (CFO’s, CEO’s and COO’s)

·       All aspects of people management including training, mentorship, performance evaluation, back up planning and contingency management (BCP)

·       Drive and steer the quarterly production of financial statements based on IFRS and French gaap as well as engage effectively with Finance controllers/CFO’s to discuss the results, trend and variances

·       Actively participate and support the resolution of complex technical accounting/reporting issues by involving the key stakeholders.

·       Build a strong control environment as defined by the BNP Paribas Standard Accounting Control Plan and ensure compliance to a strong level 1 control framework.

·       Engage with External Audit, Regulators and internal control teams and drive the resolution of their queries.

·       Perform oversight of the Intercompany reconciliation for transactions within the group entities

·       Promote the OFS processes and usages from the financial and management accounting, controls and reporting perspective, in close coherence with the F&S practice.

·       Lead and drive ‘Transformation Projects’ to optimize the process and promote a culture of ‘Change and Transformation’

Technical & Behavioral Competencies

·       Strong knowledge of accounting under IFRS

·       Strong knowledge of Financial Products

·       Client focus and Stakeholder management.

·       Collaborative Leadership Behavioral

Specific Qualifications (if required)

·       Chartered Accountant/CPA or similar qualification with experience in managing the accounting team

·       Knowledge of financial reporting processes in Banking and Capital Market industry

·       Knowledge of Corporate and Investment Banking (CIB) activities

·       Good communication (oral and written), organisation and documentation skills.

·       Change Management

·       Experience of working in shared service

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Communication skills – Excellent oral & written skills

Client focused

Transversal Skills: (Please select up to 5 skills)

Ability to develop and adapt a process

Ability to set up relevant performance indicators

Analytical Ability

Ability to understand, explain and support change

Ability to inspire others & generate people’s commitment

Education Level:

Master Degree or equivalent

Experience Level

At least 15 years

 Experiences within finance function in Banking and Financial Services

Key competencies

• Knowledge of English language
• Very high comfort working with numbers: analytical mind-set, ability to interpret numbers and relay the story
• Strong sense of organization, ability to prioritize tasks and meet deadlines
• Curiosity and open to diverse cultures