Senior A/Assistant Manager – FS BS- Reg Reporting

March 4, 2024

Senior A/Assistant Manager – FS BS- Reg Reporting

ReferenceFIN003665

  • Standard / Permanent
  • IN-MH-Mumbai
  • FINANCE ACCOUNTS AND MANAGEMENT CONTROL
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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:

The Bank Regulatory Reporting Department is seeking an Assistant Vice President to prepare and review the US entities regulatory reports submitted to the Federal Reserve Bank, and other regulators.

The jobs main responsibility is to prepare all required regulatory and financial reports and to ensure their correctness, consistency and prompt submission. The position requires intensive involvement in special projects relating to the regulatory reporting tool maintenance and upgrades, GL system interfaces, Axiom automation and remediation effort to improve the overall data quality and process efficiency.

This position reports indirectly to the Bank Regulatory Reporting Sr Manager Vice President and directly to Bank Regulatory Reporting AVP Team Lead.

Job Title:

Senior Associate /Assistant Manager

Date:

4-Mar-24

Department:

HOR

Location:

Mumbai

Business Line / Function:

Regulatory Reporting

Reports to:

(Direct)

Grade:

(if applicable)

(Functional)

VP

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

The Bank Regulatory Reporting Department is seeking an AM to prepare and review the US entities regulatory reports submitted to the Federal Reserve Bank, and other regulators.

The jobs main responsibility is to prepare all required regulatory and financial reports and to ensure their correctness, consistency and prompt submission. The position requires intensive involvement in special projects relating to the regulatory reporting tool maintenance and upgrades, GL system interfaces, Axiom automation and remediation effort to improve the overall data quality and process efficiency.

This position reports indirectly to the Bank Regulatory Reporting Sr Manager Vice President and directly to Bank Regulatory Reporting AVP Team Lead.

Responsibilities

 

  • Assist with the bank regulatory reporting managers to maintain and enhance the BAU production process and control framework around the Bank Regulatory Reporting processes
  • Responsible for the preparation and filing of the required Bank Regulatory Reports perform daily, monthly and quarterly production for various Regulatory instances under US GAAP.
  • Enforce controls and ensure that financial statements are in balance; prepare balance sheet and income statements reconciliation schedules.
  • Analyze, reconcile, and review all accounts under their responsibility by performing a variance analysis of corresponding revenue/balance sheet items, highlighting trends, and following up on questions/ concerns.
  • Liaise with various internal (i.e. Legal, Compliance, Audit, Territory Governance, Finance Project Office and Business Operations) and external constituencies (i.e. regulators, external auditors and consultants).
  • Identify, escalate and remediate data quality issues
  • Participate in bank examinations and internal and external audits.
  • Knowledge of the bank’s current regulatory reporting tools, general ledgers, offered products and its related activities.
  • Establish and maintain communication with the Financial Reporting Group, the Project Office Group, and the Control & Reconciliation Group and ensure that regulatory reporting requirements are properly addressed on all levels of system and procedural changes, including the introduction of new bank products.
  • Assist with the implementation of the new Regulatory Reporting tool; including performing system testing and UAT reporting and continuing automation effort.

 

Minimum Required Qualifications

 

·       Minimum of 5-7 years’ experience in Financial Reporting, Accounting, Regulatory Reporting or equivalent functions

·       Bachelor’s degree in Accounting or Finance required

·       Strong regulatory & financial reporting knowledge prevalent in banking/financial institutions

·       Knowledge of U.S. GAAP and IFRS including recent pronouncements

 

Technical & Behavioral Competencies

·       Master degree in Accounting or Finance

o   CPA/CA is a required

. Knowledge of:

o   FBO requirements preferred

o   Axiom preferred

o   SQL preferred

o   Excel skills with formulas (including pivot tables, VLOOKUP, SUMIF)

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:

The Bank Regulatory Reporting Department is seeking an AM to prepare and review the US entities regulatory reports submitted to the Federal Reserve Bank, and other regulators.

The jobs main responsibility is to prepare all required regulatory and financial reports and to ensure their correctness, consistency and prompt submission. The position requires intensive involvement in special projects relating to the regulatory reporting tool maintenance and upgrades, GL system interfaces, Axiom automation and remediation effort to improve the overall data quality and process efficiency.

This position reports indirectly to the Bank Regulatory Reporting Sr Manager Vice President and directly to Bank Regulatory Reporting AVP Team Lead.

Job Title:

Senior Associate /Assistant Manager

Date:

4-Mar-24

Department:

HOR

Location:

Mumbai

Business Line / Function:

Regulatory Reporting

Reports to:

(Direct)

Grade:

(if applicable)

(Functional)

VP

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

The Bank Regulatory Reporting Department is seeking an Assistant Vice President to prepare and review the US entities regulatory reports submitted to the Federal Reserve Bank, and other regulators.

The jobs main responsibility is to prepare all required regulatory and financial reports and to ensure their correctness, consistency and prompt submission. The position requires intensive involvement in special projects relating to the regulatory reporting tool maintenance and upgrades, GL system interfaces, Axiom automation and remediation effort to improve the overall data quality and process efficiency.

This position reports indirectly to the Bank Regulatory Reporting Sr Manager Vice President and directly to Bank Regulatory Reporting AVP Team Lead.

Responsibilities

 

  • Assist with the bank regulatory reporting managers to maintain and enhance the BAU production process and control framework around the Bank Regulatory Reporting processes
  • Responsible for the preparation and filing of the required Bank Regulatory Reports perform daily, monthly and quarterly production for various Regulatory instances under US GAAP.
  • Enforce controls and ensure that financial statements are in balance; prepare balance sheet and income statements reconciliation schedules.
  • Analyze, reconcile, and review all accounts under their responsibility by performing a variance analysis of corresponding revenue/balance sheet items, highlighting trends, and following up on questions/ concerns.
  • Liaise with various internal (i.e. Legal, Compliance, Audit, Territory Governance, Finance Project Office and Business Operations) and external constituencies (i.e. regulators, external auditors and consultants).
  • Identify, escalate and remediate data quality issues
  • Participate in bank examinations and internal and external audits.
  • Knowledge of the bank’s current regulatory reporting tools, general ledgers, offered products and its related activities.
  • Establish and maintain communication with the Financial Reporting Group, the Project Office Group, and the Control & Reconciliation Group and ensure that regulatory reporting requirements are properly addressed on all levels of system and procedural changes, including the introduction of new bank products.
  • Assist with the implementation of the new Regulatory Reporting tool; including performing system testing and UAT reporting and continuing automation effort.

 

Minimum Required Qualifications

 

·       Minimum of 5-7 years’ experience in Financial Reporting, Accounting, Regulatory Reporting or equivalent functions

·       Bachelor’s degree in Accounting or Finance required

·       Strong regulatory & financial reporting knowledge prevalent in banking/financial institutions

·       Knowledge of U.S. GAAP and IFRS including recent pronouncements

 

Technical & Behavioral Competencies

·       Master degree in Accounting or Finance

o   CPA/CA is a required

. Knowledge of:

o   FBO requirements preferred

o   Axiom preferred

o   SQL preferred

o   Excel skills with formulas (including pivot tables, VLOOKUP, SUMIF)

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