Assistant VicePresident - Finance -financial controls,operational risk

About Business line/Function:

ISPL Finance is one of the Key Support Function responsible for the Financial Control of the organization. The Key activities handled by the team includes, Expenses Management, Banking, Fund Management, Financial Accounting & Reporting, Compliance Management, Tax Operations, Invoicing and Collection, Audits and responsible in producing the Financial Statements of the entity.

Position Purpose
The position of this role - Risk and controls (R&C) Function within the Local Finance Team is required to proactively identify, manage, and mitigate financial and operational risks at the local function level. This role will enhance the Local Finance Team's ability to achieve its objectives while ensuring regulatory compliance, safeguarding assets, and promoting efficient and effective financial operations. This function will support the Local Finance Team in managing risks and ensuring proactive adherence to organizational standards and local regulatory requirements, thereby improving the reliability and integrity of financial processes. Additionally, the function will act as a bridge between external reviewing team (inclusive of teams within and outside BNP) and the teams within ISPL Local Finance department as SPOC and coordinator during audits Responsibilities 1. Identify and Assess Risks: Recognize and evaluate risks specific to the Local Finance Team's operations, transactions, and reporting processes. 2. Develop and Maintain Effective Controls: Implement controls to reduce the impact of identified risks and enhance financial reporting accuracy. 3. Ensure Compliance: Ensure that local financial operations align with applicable regulatory standards, organizational policies, and internal controls. 4. Support Financial Integrity: Improve the integrity and reliability of financial data through risk mitigation practices. 5. Promote a Risk-Aware Culture: Foster a proactive risk management mindset within the ISPL Local Finance Team. 6. Collaboration with OPC and 2LoD: To act as a coordinator for all the communications between ISPL Finance and other controllers and ensure adequate adherence for the highlighted compliance. * Local Financial Operations: Covering activities specific to the Local Finance Team, including financial reporting, invoicing, accounting, expense review & Cashflow management. * Local Compliance: Ensuring compliance with local regulations, tax laws, and reporting standards. * Risk Monitoring and Incident Reporting: Establishing processes for continuous monitoring of risks and prompt reporting of control failures or incidents within the local context. * The Risk analyst Conducts regular assessments, tests controls, and supports with performance of controls segregated from other Local Finance teams. * Manage any requests from the Group and ensure a smooth stake holder management.Core Responsibilities Risk Assessment and Mitigation: Identify and assess risks specific to local operations, design control measures, and implement risk mitigation strategies. Control Testing and Monitoring: Conduct periodic testing to ensure controls are effective, report gaps, and recommend improvements. Compliance Management: Track local regulatory requirements, ensure compliance, and collaborate with the Compliance department on any changes in laws or standards. Fraud Prevention: Establish and maintain fraud detection and prevention controls to secure assets. Documentation and Incident Reporting: Document incidents or control breakdowns, report findings, analyze root causes, and recommend corrective actions. Training and Awareness: Conduct regular training to build awareness of risk management practices within the Local Finance Team. Collaboration with Risk ORM, OPC and 2LoD teams: To act as a conduit between ISPL Finance team and other teams for any reviews and controls monitoring. Other contributing responsibilities will include end-to-end coordination with the team, providing support to Internal and Statutory audits and bring a robust control in each of the processes to ensure clear accomplishment of tasks with less / minimum exposure to risk.

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