Regulatory Reporting- Broker Dealer

7 - 12 years

25 - 40 Lacs

Posted:16 hours ago| Platform: Naukri logo

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Job Type

Full Time

Job Description


Position Purpose
The US Financial & Regulatory Reporting Team is responsible for the production of financial and regulatory reports and information required to ensure compliance to regulatory expectations as well as other internal monitoring requirements. The Local Regulatory Reporting team is under expansion and going through different projects of on-boarding new processes along-with implementing changes in accordance to new BNP accounting and reporting system (OFS).

Responsibilities


Direct Responsibilities
  • Assist with the bank regulatory reporting managers to maintain and enhance the BAU production process and control framework around the Bank's Broker Dealers processes
  • Responsible for the preparation and filing of the required BD Regulatory Reports perform daily, monthly and quarterly production for various Regulatory instances under US GAAP.
  • Enforce controls and ensure that financial statements are in balance; prepare balance sheet and income statements reconciliation schedules.
  • Analyze, reconcile, and review all accounts under their responsibility by performing a variance analysis of corresponding revenue/balance sheet items, highlighting trends, and following up on questions/ concerns.
  • Liaise with various internal (i.e. Legal, Compliance, Audit, Territory Governance, Finance Project Office and Business Operations) and external constituencies (i.e. regulators, external auditors and consultants).
  • Identify, escalate and remediate data quality issues
  • Participate in bank examinations and internal and external audits.
  • Knowledge of the bank's current regulatory reporting tools, general ledgers, offered products and its related activities.
  • Establish and maintain communication with the Financial Reporting Group, the Project Office Group, and the Control & Reconciliation Group and ensure that regulatory reporting requirements are properly addressed on all levels of system and procedural changes, including the introduction of new bank products.
  • Assist with the implementation of the new Regulatory Reporting tool; including performing system testing and UAT reporting and continuing automation effort.

Technical & Behavioral Competencies
  • Ability to adapt to changes
  • Capability to work and interact with various people of different expertise and level.
  • Client focus
  • Stakeholder Management

Specific Qualifications (if required)
  • Chartered Accountant with exposure in accounting of banking products/activity and on US GAAP
  • Knowledge of financial reporting processes in Banking and Capital Market industry
  • Knowledge of Corporate and Investment Banking (CIB) activities and products
  • Good communication (oral and written), organisation and documentation skills.
  • Knowledge of Axiom or other financial or regulatory reporting tools preferred

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BNP Paribas logo
BNP Paribas

Banking

Paris London

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