VP – Level 1 & 2 Accounting Controls and Monitoring

Description

External Description

Description – External

Job offer: Accountant –Accounting Control & Monitoring Level2 team

BNP Paribas Group

BNP Paribas (www.bnpparibas.com), is a European leader in global banking and financial services and is one of the strongest banks in the world (Rated AA by Standard & Poor’s i.e. 3rd rating on a scale of 22).Headquartered in France, BNP Paribas has one of the largest international networks with operations in more than 80 countries and 200,000 employees. Its three core businesses are:

• Corporate and Investment Banking

• Retail Banking

• Investment Solutions

BNP Paribas India Solutions Pvt Ltd.

BNP Paribas India Solutions Private Limited (BNPPISPL) is a global delivery centre for BNP Paribas Group, one of the largest banking groups in the world. BNPPISPL provides IT, IT Enabled Services to the predominantly international Corporate and Investment Banking business of BNP Paribas Group. Corporate and Investment banking is one of the key business lines of BNP Paribas Group. BNPPISPL was created in 2005.

In 2010, BNP Paribas India celebrated its 150th anniversary in India of banking presence.

BNPPISL is looking for experienced professionals in the core finance domain in the areas of management accounting, financial reporting and accounting controls. This group will service multiple BNP Paribas CIB locations worldwide.

Job and Person Specification

Job Role:

Manager – Level 1 & 2 Accounting Controls and Monitoring

Location:

Mumbai

Department :

Finance Shared Services

Shifts:

General

Job Purpose :

Level 1:

Currently the team plays a key role in the Finance Department in ensuring that the integrity of data within the General Ledger (GL) is maintained to the highest degree. The team undertakes daily accounting interface and GL controls. The objectives are to apply financial controls to ensure the consistency of data between the GL and the bank’s administration systems, to monitor accounts in the GL (ensuring they are correctly used). In pursuit of these objectives the team undertakes a multitude of daily and monthly controls that cross all the banks financial systems and product lines. The team is customer focused with individuals becoming specialists in particular systems and products and offering support to other departments.

As a member of the team your responsibility will be to manage the accurate and timely completion of daily and monthly tasks allocated to you. You will be responsible for the production and analysis of reconciliations of the general ledger against a variety of source (back office) systems ensuring all outstanding items have been followed up for clearance. You will monitor and reconcile control accounts within the GL and in doing so will take full responsibility for updating the general ledger accounting records.

Level 2:

The function of the Control Monitoring Group is to perform a second level of control (Level 2) over first level (Level 1) controls. The team is responsible for monitoring and reporting on the quality and reliability of the control framework which support the London financial accounting records. All problems are investigated and where necessary brought to the attention of the finance management locally and in Paris (HO).

The function is expected to develop dynamically along with changes in the business.

Key Responsibilities :

Manage Level & Level 2 Accounting controls teams.

Level 1

– Monitor specific control accounts within the GL

– Daily controls across various admin systems and the GL ensuring that they are in line with each other, resolving

any discrepancies or issues arising

– Provide explanations and supporting backup for issues outstanding on the daily and monthly recs, highlighting

valid reasons

– Covering of other essential controls as directed by line manager

– Accounting data entry management

– Regular liaison with other areas of Finance and the middle and back office to investigate discrepancies.

– Contribution to BNP Paribas operational permanent control framework

Level 2

– Level 2 review of Balance Sheet controls to ensure defined controls are being correctly applied and continue to

remain relevant. Liaise with individuals to ensure timely resolution of control issues.

– Level 2 review of Accounting to Economic P&L reconciliation

– Level 2 review of accounting manual input into the GL to ensure compliance with the relevant HO control

instructions

– Sensitive accounts; review of outstanding aged items, apply Group Finance provision policy.

– Maintain ‘Imperium’ (locally developed web application to manage accounting ownership) as a reliable tool for

monthly signoff of GL account balances.

– Other financial control-related projects as defined by management.

– Preparation of monthly and quarterly report for local management and Paris CIB Management and Group

Finance.

– Contribution to BNP Paribas operational permanent control framework

Qualifications – External

Candidate Requirements for the role

Education Background:

Qualified Chartered Accountant

# yrs experience

6+ year Audit experience (external or internal)

Technical knowledge & Skills:

Essential

– Candidates must have a good understanding of accounting control and reconciliation issues

– Audit background essential

– Ability to analyse issues into constituent elements and identify root causes and solutions

– Attention to detail

– Expresses technical information logically and concisely

– Candidates must demonstrate that they are a self motivated with the ability to learn quickly and work independently.

– Excel skills to intermediate

– Detailed understanding of control and reconciliation issues.

– Audit knowledge

Preferred

– Accounting knowledge of Investment Banking products

– Knowledge of Investment banking

– Access skills to intermediate level desired but not essential.

Preferred Industry/domain experience :

Accounting knowledge of Investment Banking products.

Proven track record having worked previously in an Audit firm (Top four) for the Banking Industry.

Behavioural Skills/Competencies:

It is essential that the candidate possess the following behavarioul skills:

– Analyse issues into constituent elements and identify root causes and wider implications

– Attention to detail

– Organised; ability to meet deadlines

– Expresses technical information logically and concisely

– Communicate clearly and efficiently across team.

– Work effectively in a team.

– Build effective relationships with peers

– Communication clearly, efficiently and effectively

– Initiative

– Team Leading

– Problem Solving/Analysis

– Flexibility//Adaptability

– Integrity

Description

External Description

Description – External

Job offer: Accountant –Accounting Control & Monitoring Level2 team

BNP Paribas Group

BNP Paribas (www.bnpparibas.com), is a European leader in global banking and financial services and is one of the strongest banks in the world (Rated AA by Standard & Poor’s i.e. 3rd rating on a scale of 22).Headquartered in France, BNP Paribas has one of the largest international networks with operations in more than 80 countries and 200,000 employees. Its three core businesses are:

• Corporate and Investment Banking

• Retail Banking

• Investment Solutions

BNP Paribas India Solutions Pvt Ltd.

BNP Paribas India Solutions Private Limited (BNPPISPL) is a global delivery centre for BNP Paribas Group, one of the largest banking groups in the world. BNPPISPL provides IT, IT Enabled Services to the predominantly international Corporate and Investment Banking business of BNP Paribas Group. Corporate and Investment banking is one of the key business lines of BNP Paribas Group. BNPPISPL was created in 2005.

In 2010, BNP Paribas India celebrated its 150th anniversary in India of banking presence.

BNPPISL is looking for experienced professionals in the core finance domain in the areas of management accounting, financial reporting and accounting controls. This group will service multiple BNP Paribas CIB locations worldwide.

Job and Person Specification

Job Role:

Manager – Level 1 & 2 Accounting Controls and Monitoring

Location:

Mumbai

Department :

Finance Shared Services

Shifts:

General

Job Purpose :

Level 1:

Currently the team plays a key role in the Finance Department in ensuring that the integrity of data within the General Ledger (GL) is maintained to the highest degree. The team undertakes daily accounting interface and GL controls. The objectives are to apply financial controls to ensure the consistency of data between the GL and the bank’s administration systems, to monitor accounts in the GL (ensuring they are correctly used). In pursuit of these objectives the team undertakes a multitude of daily and monthly controls that cross all the banks financial systems and product lines. The team is customer focused with individuals becoming specialists in particular systems and products and offering support to other departments.

As a member of the team your responsibility will be to manage the accurate and timely completion of daily and monthly tasks allocated to you. You will be responsible for the production and analysis of reconciliations of the general ledger against a variety of source (back office) systems ensuring all outstanding items have been followed up for clearance. You will monitor and reconcile control accounts within the GL and in doing so will take full responsibility for updating the general ledger accounting records.

Level 2:

The function of the Control Monitoring Group is to perform a second level of control (Level 2) over first level (Level 1) controls. The team is responsible for monitoring and reporting on the quality and reliability of the control framework which support the London financial accounting records. All problems are investigated and where necessary brought to the attention of the finance management locally and in Paris (HO).

The function is expected to develop dynamically along with changes in the business.

Key Responsibilities :

Manage Level & Level 2 Accounting controls teams.

Level 1

– Monitor specific control accounts within the GL

– Daily controls across various admin systems and the GL ensuring that they are in line with each other, resolving

any discrepancies or issues arising

– Provide explanations and supporting backup for issues outstanding on the daily and monthly recs, highlighting

valid reasons

– Covering of other essential controls as directed by line manager

– Accounting data entry management

– Regular liaison with other areas of Finance and the middle and back office to investigate discrepancies.

– Contribution to BNP Paribas operational permanent control framework

Level 2

– Level 2 review of Balance Sheet controls to ensure defined controls are being correctly applied and continue to

remain relevant. Liaise with individuals to ensure timely resolution of control issues.

– Level 2 review of Accounting to Economic P&L reconciliation

– Level 2 review of accounting manual input into the GL to ensure compliance with the relevant HO control

instructions

– Sensitive accounts; review of outstanding aged items, apply Group Finance provision policy.

– Maintain ‘Imperium’ (locally developed web application to manage accounting ownership) as a reliable tool for

monthly signoff of GL account balances.

– Other financial control-related projects as defined by management.

– Preparation of monthly and quarterly report for local management and Paris CIB Management and Group

Finance.

– Contribution to BNP Paribas operational permanent control framework

Qualifications – External

Candidate Requirements for the role

Education Background:

Qualified Chartered Accountant

# yrs experience

6+ year Audit experience (external or internal)

Technical knowledge & Skills:

Essential

– Candidates must have a good understanding of accounting control and reconciliation issues

– Audit background essential

– Ability to analyse issues into constituent elements and identify root causes and solutions

– Attention to detail

– Expresses technical information logically and concisely

– Candidates must demonstrate that they are a self motivated with the ability to learn quickly and work independently.

– Excel skills to intermediate

– Detailed understanding of control and reconciliation issues.

– Audit knowledge

Preferred

– Accounting knowledge of Investment Banking products

– Knowledge of Investment banking

– Access skills to intermediate level desired but not essential.

Preferred Industry/domain experience :

Accounting knowledge of Investment Banking products.

Proven track record having worked previously in an Audit firm (Top four) for the Banking Industry.

Behavioural Skills/Competencies:

It is essential that the candidate possess the following behavarioul skills:

– Analyse issues into constituent elements and identify root causes and wider implications

– Attention to detail

– Organised; ability to meet deadlines

– Expresses technical information logically and concisely

– Communicate clearly and efficiently across team.

– Work effectively in a team.

– Build effective relationships with peers

– Communication clearly, efficiently and effectively

– Initiative

– Team Leading

– Problem Solving/Analysis

– Flexibility//Adaptability

– Integrity