Assistant Manager - Regional Accounting Controls (P&L and FX Reconciliations), Finance

Job description

BNP Paribas

The BNP Paribas Group is a leader in banking and financial services, employing over 185,000 people across 75 countries and 5 continents. At BNP Paribas, we work continuously on behalf of our clients, helping them to realise their projects around the world. You can be an important part of this, helping us to serve our clients both in mature and emerging markets, providing them with financial solutions across a diverse range of expertise, products and services. Our origins lie in Europe but nearly a quarter of our employees now work in our multi-award-winning Asian offices and we are a committed player in all APAC markets.

In Asia Pacific, BNP Paribas has been present in the region for over 150 years and plans to grow its business from €2bl EUR to €3bl EUR by the end of 2016. With 9,000 employees in the region and a presence in 14 markets (with 3 main centres in Hong Kong, Singapore and Tokyo), BNP Paribas offers you the chance to grow with us in Asia Pacific.

Position Purpose
· Perform for the APAC region the first level controls for the P&L and FX reconciliations, ensuring differences are highlighted, adjusted and solutions are implemented.

· Act as a key point of contact to the Middle Office, Operations, Local Finance and the Regional teams.

· Review underlying products and transactions to resolve discrepancies.

Key Responsibilities

Main
· Perform Profit & Loss reconciliation between Middle Office and accounting

· Perform Foreign Exchange reconciliation between Middle Office and accounting

· Communicate with a wide range of departments (Middle Office and Operations), Finance teams (regional and local) and Performance Management Team

· Maintain the system and reports for P&L and FX reconciliation

· Suggest improvement in the system and data flow for P&L and FX reconciliation

· Control the internal deals P&L between desks under the same legal entity

Others

· Liability Management and Rest of the bank FX position and P&L sell down process

· Perform reconciliation of Mark to Market to Equity between Middle Office and Accounting

· Provide assistance in performing control on data flow for Capital Market Activities

· Handle ad hoc queries as requested by Management

· Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan

· Comply with regulatory requirements and internal guidelines

· Contribute to the reporting of all incidents according to the Incident Management System.

· Verify the accounting corrections- detected in the context of the controls have been correctly processed

· Direct contribution to BNPP operational permanent control framework

· Explain the differences between the Middle Office and the Accounting P&L (structural differences and P&L corrections)

· Monitor the remaining difference is in immaterial level, and assesses provision if needed

· Check that Accounting or Middle Office corrections identified have been amended

· Assist Performance Management in reconciling accounting P&L with the business line P&L reported in Paradigm.

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Desired profile

Qualifications :

Specific Qualifications Required

Professional experience

·  Familiar with large international Corporate & Investment Banking activities and organization

·  A experience (minimum 2 years) within finance with good knowledge in Capital Market activities and Treasury:

·  Candidates with experience in Middle Office, Product Control, trade support , P&L calculation and analysis or organization function will be an advantage

Education

·  Bachelor degree in Accounting, Finance and Economics, with major in Capital market products

·  Sound financial accounting knowledge

·  Some training in internal/external audit processes

Skills and behaviour

·  Self-organised, with strong ability to anticipate, plan and prioritise issues

·  Ability to work under pressure in a complex environment with stake
holders from various areas

·  Rigorous for implementation with culture of controls

Soft skills

·  Microsoft Office tools including Excel macros and MS Access, Business Object, VBA

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