Assistant Vice President- HFS

Job description

Job Title: AVP – Fund Administration Department: ISO About Business line/Function: Fund Accounting/Administration Position Purpose: Fund Accounting operation / production Responsibilities: Daily Operations (Delivery of Daily Net Asset value of Mutual funds) & People Management Direct Responsibilities • Candidate will be expected to run the operational areas on a day-to-day basis as per SLA. • The role requires very strong Organizational skills. In this role individual would be expected to have full understanding of process and control and to be involved in production as preparer/ reviewer of funds. • Need to have ownership to support enhanced productivity by 5 % plus efficiency to manage more business with same or less workforce. • Candidate will be accountable to create appropriate mindset across team to follow conduct and compliance protocols with zero breaches. • Candidate will be expected to work closely with the teams within FA & other satellite teams. • Solid technical understanding of Fund Accounting / Fund Services functions and across fund structures is expected. Anticipation of issue and risk assessment would be key and timely escalating to appropriate team/ escalation contact would be expected. • Ensure audit protocols are followed by the team. Perform periodic independent control to ensure adherence. Identify proactively, control gaps and take mitigating steps. Act as SPOC during audit period. • Ensure incident management protocol is followed by self and the team. • Ensure procedures are in place to effectively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner. • Demonstration of commitment to ensure continuous process improvement to achieve efficiency targets. • Effective and Strong Communication Skill required for this role • should participate in performance evaluation and Appraisal process • should be having periodical connect/ meetings with team and ensure communication calendar is followed • Ensure team is motivated by following a strong Rewards & Recognition culture. • Manage Hiring requirements of the team. • Lead / Participate and encourage team to participate in various CSR and engagement activities / initiatives of the department / Group • Fostering a positive and engaging team environment, with the ability to motivate and retain team members Contributing Responsibilities • Direct involvement in integrating new business & activities that will be transferred from other 2S locations in line with ERS strategy. • Ensure high level of communication network is established will all the departments within the business group to promote team stability with enhancement of expertise. • Ensure that, client issues/concerns are addressed and resolved within the agreed timelines. Client service review score card should be well maintained and aim to be 4 or above • Ensure high level of service has been delivered to the Clients of BNP Paribas Group. • Defining the Key Performance Indicators for the process and achieving the same on a regular basis. • Manage and reduce operational risk • Continue to develop a strong layer of Middle management and succession planning. • Prioritise the work and conduct investigation with due diligence on all the discrepancies. • Manage staff to take corrective measures/actions. • Must have handled Business Continuity Exercises • Ensure all the necessary training has been provided to the team members to perform the relevant tasks. • Ensure all the deliverables of the process are met and maintained as per the service agreement. • Ensuring the delivery of quality services to clients with consistent green KPIs • Ensure no material / financial incidents • Conduct investigation with due diligence on all the discrepancies in processes. Technical & Behavioral Competencies • Overall 12+ years plus experience with at least 10 years+ in FA Domain • End to End exposure in Fund Accounting Stream with knowledge of Mutual funds accounting. • Aware of the entire NAV cycle and roles played by different upstream teams. Basic knowledge of upstream teams like Middle office, Pricing, Corporate Action, TA etc. • Interest and Experience in FA Operational Transformation • Knowledge of specific BNP Paribas/Securities Services Control processes and tools • Continue to ensure sufficient Risk & Control process are in place • Continually working towards process improvements and efficiency savings and optimisation of costs • Having proper contingency planning during BCP • Aligning with organization goals • Business Migration Expertise • Adequate understanding of FA System Data Flow • Be able to express ideas effectively in individual and group situations • Resources Hiring and Training Skill • Internal and External Audit Management • Candidate should have experience People management, with a proven track record of leading and supervising teams • Exposure to implementation of artificial intelligence tools to support high productivity • The candidate should uphold high level of compliance on conduct topics Specific Qualifications Graduates / Postgraduates (M. Com/MBA Finance preferred) Skills Referential (Required Knowledge, Skills And Abilities) Technical & Transversal Skills: • Expertise Knowledge of Fund Accounting business and NAV cycle • Ability to inspire others & generate people's commitment • Ability to understand, explain and support change • Analytical Ability • Ability to manage a Project • Ability to anticipate business/ Strategic evolution Behavioral Skills • Decision Making • Communication skills - oral & written • Attention to detail / rigor • Personal impact. Ability to influence Education Level: Master’s degree or equivalent Location: Mumbai / Chennai Experience level: At least 12 years About BNP Paribas Group BNP Paribas is the European Union’s leading bank and key player in international banking. It operates i