Assistant Vice President -APAC Regulatory Reporting Support

Job description

Job Title: Assistant Vice President - APAC Regulatory Reporting Support Department: Global market Operations **About Business Line/Function** Global Market Operations is a global team, incorporated in 4 main platforms (New-York, London, Hong-Kong and Paris) working very closely with Front Office (FO) (Sales and Trading), Back Office, IT, Finance, Risk, Valuations & Risk Control and Process teams. Its main missions are to support efficiently the Front Office over the core controls performed post trades: Trade support, Referential & Corporate Events, P&L, Reporting, Control, Confirmation, Back Office and Settlement, Prime Brokerage, Execution and Brokerage. **Position Purpose** Perform independent controls in order to strengthen the regulatory reporting control framework - Perform day-to-day controls on the regulatory reports prior to submission or post submission. - Perform reconciliation of Regulatory Reports vis a vis source data / other reports and analyze all resulting breaks. - Communicate breaks to the concerned teams for resolution. - Follow-up with concerned teams till the resolution of communicated breaks Main drivers are client service quality, independent control, operational risk safety and cost efficiency. **Responsibilities** Direct Responsibilities - Various ITO team in Asia will send regulatory reports to ISPL Team. Various controls will have to be performed on these reports (in a given timeline/cut-off time) - Each report will have a defined set of controls which could include : - Variation compared to previous report - Consistency checks across the report (or compared to another report which include same or similar data) - Reconciliation with another source of Data - Depending on the breaks, communicate with the ITO team responsible for the data to investigate the breaks. - Once breaks are resolved or cleared , provide greenlight for submission - Keep track of all breaks in order to report KPI of daily/weekly activities - Any delay in the control process needs to be reported to the concerned ITO team. Technical & Behavioral Competencies Skills and competencies Mandatory - Attention to detail: Ability to ring the bell for any abnormal trade pattern and escalate in timely manner Mandatory - Analytical mindset: Aptitude to understand the Front to Back workflows and handle exceptional issues with logical mindsets to communicate with Front Office Mandatory - Escalation & Reporting process: Internal rules of reporting and escalation to Ops and Front Office need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to management. Mandatory - Self-discipline & autonomy: Have a constant "delivery on time" mindset, both on the daily production and on the projects handled. Ability to work on its own with little supervision. Analytical mindset: Aptitude to understand the F2B workflows and handle exceptional issues with logical mindsets to communicate with Front Office Organized & good resistance to stress: This is a much-faced paced dynamic environment; therefore, excellent time management and good positive resistance to stress are compulsory. Innovation and initiatives (Think "outside the box"): Demonstrate willingness to constantly improve the status quo. Understand well the processes in place and evaluate if needed, alternative options to do things better with a cost - benefits / ROI approach. Adaptability & Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage) as this is a constant changing environment Strong Client Focus: Capacity to work with various clients. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset. **Specific Qualifications** Bachelor’s or master’s Degree on Economics, Mathematics or Finance Experience in reconciliation of equity and derivative products Knowledge in Financial Products. Knowledge in Front to Back workflows and the product event management would be a significant plus. Strong Preference to have MS Excel Skills Referential Behavioral Skills: (Please select up to 4 skills) Communication skills - oral & written Attention to detail / rigor Ability to deliver / Results driven Decision Making Transversal Skills: (Please select up to 5 skills) Analytical Ability Ability to understand, explain and support change Ability to develop and leverage networks Ability to develop and adapt to a process Ability to anticipate business / strategic evolution Education Level: Bachelor’s degree or equivalent Experience Level: At least 5 years Location: Mumbai/Bengaluru **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 c