Bnp Paribas Hiring for Sr. Associate Regulatory Reporting & Controls Testing at Mumbai, Maharashtra, India Full Time

Job Description

About BNP Paribas Group: BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 71 countries, with approximately 199,000 employees. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. About BNP Paribas India Solutions: Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe 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 6000 employees, to provide support and develop best-in-class solution About Business line/Function : The Intermediate Holding Company (“IHC”) program structured at the U.S. level across poles of activities of BNP Paribas provides guidance, supports the analysis, impact assessment and drives adjustments of the U.S. platform’s operating model due to the drastic changes introduced by the Enhanced Prudential Standards (“EPS”) for Foreign Banking Organizations (“FBOs”) finalized by the Federal Reserve in February 2014, implementing Section 165 of U.S. Dodd-Frank Act. The Standard & Control Department is a transversal function within CIB Finance whose primary roles are:

• to develop and implement a strong accounting control framework for CIB Banking and non-Banking entities (such as Broker/Dealers entities),
• to perform 2nd level of controls for controls primary run by other Finance and non-Finance teams, and
• to report on main controls areas, for both local and central needs and requirements.

The Department is responsible for ensuring compliance with Group and CIB Head Office controls guidelines and expanding to adapt with an ever-changing Control environment. In this perspective, the Group is taking additional responsibilities to look after control for local regulatory reporting (FED/FINRA/SEC) under US GAAP. Job Title: Sr. Associate Date: 2022 Department: Bank of the West – Standard & Controls Location: Mumbai Business Line / Function: Finance Shared Services Reports to: (Direct) HoD – Standard & Controls Grade: (if applicable)
(Functional)
Number of Direct Reports: 6-8 Directorship / Registration: NA

Position Purpose

This role encompasses handling of Regulatory reporting Control testing team for both CIB and Bank of the West (‘BoW’ Retail banking subsidiary). This role plays a critical role within the Bank, ensuring a solid internal controls framework is designed and operating effectively to meet various schedules. Accounting department’s work is leveraged by external auditors on an annual basis as they conduct the FDICIA audit. Responsibilities

Direct Responsibilities

Permanent (on a daily basis)

• Contribute to review and challenge the draft of US regulatory reporting, especially the manual adjustments before their submission to the regulators
• Hands-on experience on US Regulatory reports control testing such as FRY9C, 14A, 14Q, FFIEC002, Call reports, Liquidity reports, etc.
• Develop and maintain the US regulatory control framework by assisting the US regulatory team to identify and document risks and controls in place or to be implemented by CIB North America functions (i.e. Middle Office, Back Office, Accounting, and functions)
• Evaluate the compliance of CIB & BoW accounting control environment with US regulatory requirements
• Identification of control weaknesses/control gaps and suggestion/implementation of solutions
• Formalize and report the results of the control test to the control governance for local regulatory reporting
• Update knowledge of latest regulatory reporting requirements/developments
• Develop an “control oriented’ culture for regulatory reporting across the organization (Finance and non-Finance)

Technical & Behavioral Competencies

• Accounting degree (with concentrations in financial/regulatory audit)
  • CPA or equivalent preferred (CA/MBA)
• Minimum 3 years of experience in Regulatory reporting process

• Good understanding or knowledge of SOX/FDICIA requirements and familiarity with COSO framework
• Hands-on experience on US Regulatory reports control testing such as FRY9C, 14A, 14Q, FFIEC002, Call reports, Liquidity reports, etc.
• Solid understanding of financial instruments and developed skills in analysis of business supporting processes from accounting control perspective
• Strong organizational skills, rigorous, and self-disciplined
• Attention to detail and commitment to maintaining a strong control environment
• Good communication skills, (i.e. writing, listening, presentation)
• Advanced technical skills (i.e. MS Word, Excel, PowerPoint, Access)
• Knowledge of Investment banking products

Specific Qualifications (if required)

• MS Excel (at least intermediate)

Skills Referential Behavioural Skills: (Please select up to 4 skills) Attention to detail / rigor Ability to deliver / Results driven Communication skills – oral & written Client focused Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change Analytical Ability Ability to develop and adapt a process Choose an item. Choose an item. Education Level: Master Degree or equivalent Experience Level At least 3 years Other/Specific Qualifications (if required)

• Accounting degree (with concentrations in financial/regulatory audit)
  • CPA or equivalent preferred (CA/MBA)
• Minimum 3 years of experience in Regulatory reporting process

• Good understanding or knowledge of SOX/FDICIA requirements and familiarity with COSO framework
• Hands-on experience on US Regulatory reports control testing such as FRY9C, 14A, 14Q, FFIEC002, Call reports, Liquidity reports, etc.
• Solid understanding of financial instruments and developed skills in analysis of business supporting processes from accounting control perspective
• Strong organizational skills, rigorous, and self-disciplined
• Attention to detail and commitment to maintaining a strong control environment
• Good communication skills, (i.e. writing, listening, presentation)
• Advanced technical skills (i.e. MS Word, Excel, PowerPoint, Access)
• Knowledge of Investment banking products