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Manager – Pnl and FX Reconciliation at BNP Paribas India Solutions in Mumbai – drive APAC P&L & FX controls.
Lead end‑to‑end P&L & FX reconciliations, collaborate with Middle Office & Finance teams, and shape control frameworks.
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.
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 ISPL Financial Shared Services (FSS) Platform performs production and reporting activities delivered to onshore teams focused on fronting activities, and provides offshore support to nearshore teams, thus fostering standardization and Finance transformation. It is split into three components with the following missions: i.e. APAC Regional FSS, Global FSS and World Wide FSS
Job Title:
Manager – Pnl and FX Reconciliation
Date:
2023
Department:
Nearshore Production
Location:
Mumbai
Business Line / Function:
Finance Shared Services
Reports to:
(Direct)
VP
Grade:
(if applicable)
(Functional)
Number of Direct Reports:
N/A
Directorship / Registration:
NA
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.
Responsibilities
Direct Responsibilities
Perform Profit & Loss reconciliation between Middle Office and accounting
Perform Foreign Exchange reconciliation between Middle Office and accounting
Perform reconciliation of Mark to Market to Equity between Middle Office and Accounting
Explain the differences between the Middle Office and the Accounting P&L (structural differences and P&L corrections)
Verify the accounting corrections detected in the context of the controls have been correctly processed
Monitor the remaining difference is at an immaterial level, and assess requirement for provision
Maintain the system and reports for P&L and FX reconciliation
To handle the finance validation of the day to day front office portfolio request and ensure it is aligned with the accounting setup.
Suggest improvement in the system and data flow for P&L and FX reconciliation
Communicate with a wide range of departments (Middle Office and Operations), Finance teams (regional and local) and Performance Management Team
Handle ad‑hoc queries as requested by Management
Review team’s tasks and maintain KPI
Maintain good relation with extended teams and clients
Migrate the reconciliations in the new ledger post OFS implementation per entity
Contributing Responsibilities
Contribute to the implementation of operational permanent control policies and procedures in day‑to‑day business activities, such as the Control Plan
Contribute towards UAT and go‑live of reconciliation in new finance ledger; OFS
Direct contribution to BNPP operational permanent control framework
Comply with regulatory requirements and internal guidelines
Contribute to the investigation/coordination with local finance, operation & MO on other control issues.
Contribute to the overall Asset Liability Management and Rest of the bank FX position and P&L sell down process
Provide assistance in performing control on data flow for Capital Market Activities
Assist Performance Management in reconciling accounting P&L with the business line P&L reported in Paradigm.
Technical & Behavioral Competencies
Ability to work under pressure in a complex environment with stake holders from various areas
Data mining skill & analytical
Self‑organized, with strong ability to anticipate, plan and priorities issues
Rigorous for implementation with culture of controls
Capital Market Product knowledge
Sound financial accounting knowledge
Proficiency in Microsoft Excel, Word, PowerPoint, MS Access, Business Object (SQL, Macro & VBA knowledge is an advantage)
Specific Qualifications (if required)
Professional experience
Familiar with large international Corporate & Investment Banking activities and organization
Relevant experience in Banking, Capital Market activities and Treasury (minimum 4 years)
In Middle Office or Product Control department, as trade support , P&L calculation and analysis or organization function
Education
CA / MBA Finance
Skills Referential
Behavioural Skills : (Please select up to 4 skills)
Ability to collaborate / Teamwork
Ability to deliver / Results driven
Communication skills - oral & written
Client focused
Transversal Skills: (Please select up to 5 skills)
Ability to develop and adapt a process
Ability to set up relevant performance indicators
Analytical Ability
Ability to understand, explain and support change
Ability to inspire others & generate people's commitment
Education Level:
Chartered Accountant
Experience Level
At least 7-9 years
Other/Specific Qualifications (if required)
Good communication skill
Very high comfort with working with numbers: rigor, analytical mind-set, ability to interpret numbers
Strong sense of organization, ability to prioritize tasks and meet deadlines
Hard working
Team spirit
Curiosity and open to other cultures