AVP – Fund Accounting

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. - He/ she 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 - Candidate will be responsible for managing team - He/ She should participate in performance evaluation and Appraisal process - He/ She 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 lea