Assistant Manager - FX PnL Recon / Product Control/Level 1 control

Job description

**Job Title:** Assistant Manager – PNL FX Reconciliations **Department** : Subject Matter Stream **About Function:** The Subject Matter Stream is primarily responsible for month end closing along with providing oversight and control over day-to-day transactions, operations and activities, including the recording of revenue arising from transactions from various activities. The team performs 1st level control to ensure accurate and good quality data is used for reporting **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** **Professional Experience:** - 4-5 years of relevant experience in Banking, Capital Market activities and Treasury or in Middle Office or Product Control department, as trade support, P&L calculation and analysis - Familiar with large international Corporate & Investment Banking activities and organization **Education** - CA/MBA **Technical Skills** **Skills Referential** **(** **Required knowledge, skills and abilities)** - Knowledge of Capital Market products and relevant accounting schemas - Excellent analytical skills - Microsoft suite (Excel, PowerPoint, Word, etc.) - Strong attention to detail - Good communication and interpersonal skills **Behavioral Skills** - Ability to deliver excellent results within the established timeframes while managing multiple priorities - Ability to collaborate / Teamwork - Ability to deliver / Results driven - Client focused - Ability to develop and adapt a process - Ability to set up relevant performance indicators **Education Level:** CA/MBA **Location:** Mumbai (Goregaon or Thane) **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 a