Job Title: Assistant Vice President, Fund Accounting Operations

Department: IFSO

About Business line/Function: Fund Accounting/Administration 

Position Purpose: We are seeking an experienced, detail-oriented Manager to join our growing organization. In this position, you will handle all accounting operations within the fund accounting department, verify transactions, reconciliation for cash balance and process and review net asset value of the funds administered by BNP Paribas. You must have a keen attention to detail and maintain account balances, financial statements, general ledger, and all reports.

Responsibilities

Direct Responsibilities

·         He / She 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.
• The 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

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

·         Prioritise the work and conduct investigation with due diligence on all the discrepancies.

·         Must have handled Business Continuity Exercises

·         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

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

·         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

·         Internal and External Audit Management

Specific Qualifications:

Graduates / Postgraduates (M. Com/MBA Finance preferred) 

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

Behavioral Skills: 

Education Level: <  Master Degree or equivalent >

Location: <Chennai>

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 activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

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.

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. 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.