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Associate role in US Financial & Regulatory Reporting at BNP Paribas India, Mumbai
Drive financial statement prep, variance analysis, and regulatory reporting with focus on US GAAP and OFS system.
Job Title: Associate
Department : FSS
About Business line/Function: Regulatory Reporting
Position Purpose:
The US Financial & Regulatory Reporting Team is responsible for the production of financial and regulatory reports and information required to ensure compliance to regulatory expectations as well as other internal monitoring requirements. The Local Regulatory Reporting team is under expansion and going through different projects of on-boarding new processes along-with implementing changes in accordance to new BNP accounting and reporting system (OFS).
Team member of financial reporting for US GAAP for the Intermediate Holding Company (IHC), BNP Paribas USA, Inc. and combined U.S. operations (CUSO). Responsibility include maintaining HFM chart of accounts, preparation of financial statements and reports for management, and preparation of audited annual report for the IHC.
Responsibilities
Direct Responsibilities
- Contribute to financial statements production for IHC and BNPP Securities Corp.
- 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.
- Prepare monthly and quarterly package, Management Boards packages
- Prepare monthly and quarterly reconciliations.
- Assist with the implementation of the new Regulatory Reporting tool; including performing system testing and UAT reporting and continuing automation effort.
- Knowledge of the bank’s current regulatory reporting tools, general ledgers, offered products and its related activities.
- Good with technology and automation tools.
- Prepare IHC variance analysis, provide comments, and follow up on questions and concerns
Technical & Behavioral Competencies
- Ability to adapt to changes
- Capability to work and interact with various people of different expertise and level.
- Client focus
- Stakeholder Management
Specific Qualifications:
- Chartered Accountant with exposure in accounting of banking products/activity and on US GAAP
- Knowledge of financial reporting processes in Banking and Capital Market industry
- Knowledge of Corporate and Investment Banking (CIB) activities and products
- Good communication (oral and written), organisation and documentation skills.
- Knowledge of Axiom or other financial or regulatory reporting tools preferred
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
- Ability to collaborate / Teamwork
- Organizational skills
- Client focused
- Ability to synthetize / simplify
Behavioral Skills:
- Ability to develop and adapt a process
- Ability to understand, explain and support change
- Analytical Ability
Education Level:
Chartered Accountant / CPAs / MBA Finance with upto 3years of experience.
Location: Mumbai
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 specialized 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.
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 24x7 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.
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. 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.