VP - SMS Intercompany Reconciliation

Position Purpose

The main responsibility of the Subject Matter Stream (SMS) Intragroup Lead is to ensure the accuracy of the financial and management accounting ledgers in line with the Group accounting policies and norms across various entities

• Lead the Intercompany Regional competence center stream.
• Be an expert on products, tools and accounting schema, Intercompany processes as per Subject Matter Stream Target Operating Model and ensure these processes are followed and documented
• Drive timely and accurate closing of financial and management accounting in line with Group standards and guidelines

Direct Responsibilities

• Lead the Regional competence center for Intercompany Processes along with managing the team
• Drive the production of the Financial and Management accounting for a business unit (entity or business line)
• Build the coordination and governance between Platforms and Regional Finance teams for efficient delivery and optimal set up
• Engage with the Finance Controllers to discuss financial and management accounting results, trend and variances
• Promote the OFS processes and usages from the financial and management accounting, controls and reporting perspective, in close coherence with the F&S practice
• Review the Standard Operating Processes (SOPs) for productions teams to follow in the target operating model
• Review account activity/ ledgers for accuracy of financial data and drive timely and accurate inter-company reconciliations
• Build a strong control environment as defined by the BNP Paribas Standard Accounting

Control Plan and ensure a strong level 1 control framework

• Engage with External Audit, Regulators and internal control teams and drive the resolution of their queries
• Execute the BCM responsibilities for respective team/business:
• Define and implement proper permanent controls on BCP activities on their scope.

Quarter Ends:

-Perform Intercompany reconciliation and analyze Gaps to maintain within Threshold

- Analyze BC150 posting to see if the same is relevant and make necessary amendments

-Timely communication with all the stakeholders

-Ensure deadlines are followed

- Monitor Team deliverables

- Manage audit requests from External Audit, Regulators and internal control teams.

Interclosing:

-To solve open breaks during closing

-To perform interclosing for month ends

- To look for permanent solution for interco breaks

- To analyze and delete BC150

Generic:

-Lead and manage the Interco team in day-to-day activities

-Serve as the primary point of contact for internal stakeholders on operational matters

-Ensure compliance with best practices and company policies

-Driving force to contribute to the continuous improvement of CIB Interco processes

-To have end to end knowledge of various Banking products

-Conduct Internal Trainings on product and Interco process for knowledge Sharing

Controls : Review and implement robust controls framework regularly for consistent high quality delivery : • Identify and mitigate risks in process delivery, focus on process enhancements/harmonization and ensure a proficient setup to increase the teams efficiency and effectiveness • Direct contribution to BNP Paribas operational permanent control framework, adhere to compliance requirements, SLA preparation / review and review of operational procedures

People Management : • Set objectives, ensure accurate performance evaluation, provide regular feedback, manage talent pool and career paths, support mobility for the teams • Coach team of finance professionals and guide their career planning • Manage costs by driving efficiencies, effective hiring for optimal team pyramids, etc.

Contributing Responsibilities Change Management •

1.Participate in the upgrades/version releases of respective reporting tools, as well as system amendments/enhancements required to facilitate new/modified reporting requirements. In connection with this effort, assist in user acceptance testing and troubleshooting after deployment.

2.Assist in identifying operational process improvements in production, control procedures, and workflow organization to increase the teams efficiency and effectiveness. Also assist in integrating and streamlining the reports under the teams responsibility

3.Observe the banks policies and procedures

4.Assist in any special project or request as directed by management g

Technical & Behavioral Competencies

• Excellent financial planning, budgeting and forecasting skills, attention to detail
• Excellent communication and presentation skills
• Strong business and financial acumen to see and model the current and future state of FP&A
• Strong leadership & organizational skills, ability to prioritize
• Building high performance teams by displaying strong mentoring skills
• Solutions-oriented thinker who is able to generate ideas and drive efficiency
• Strong achievement drive with ability to work independently and collaboratively with various local, regional and global teams
• Ability to multi-task in a fast-paced environment with fluctuating priorities and deadlines
• Knowledge of IFRS and US GAAP reporting and analysis experience in a medium to large organization. Experience in financial reporting and analysis includes preparation of US GAAP and IFRS financial statements and financial reports for senior management.
• Basic Corporate Banking product knowledge
• Ability to obtain and maintain a thorough understanding of the general ledger structure and financial reporting
• Ensure an accurate and timely monthly, quarterly and year end close
• Work with the Controller to ensure a clean and timely year end audit
• Support Controller with special projects and workflow process improvements
• Ability to learn new systems and products quickly
• Knowledge of business desktop applications (MS Outlook, Word, and PowerPoint)
• Advanced knowledge of MS Excel (formulas, pivot tables, charts, and graphs)
• Effective analytical, organizational, and problem-solving skills

Specific Qualifications (if required)

• 14+ years experience of financial and/or management accounting experience
• 12+ Chartered Accountant or 15+ experienced MBA or Semi Qualified CA
• IFRS or US GAAP experience preferred
• Ability to deliver excellent results within the established timeframes while managing multiple priorities
• Strong attention to detail
• Excellent analytical and self-motivational skills
• Strong communication skills, both written and verbal

Self-starter and team player, able to work independently and collaboratively with various teams in a deadline-focused environment

Skills Referential

• Behavioural Skills: (Please select up to 4 skills)
• Ability to deliver / Results driven
• Attention to detail / rigor
• Communication skills - oral & written
• Client focused

Transversal Skills:

• Analytical Ability
• Ability to develop and adapt a process
• Ability to develop and adapt a process
• Ability to understand, explain and support change
• Choose an item.
• Education Level:
• Master Degree or equivalent
• Experience Level
• Indifferent

Other/Specific Qualifications (if required)

• Ability to deliver excellent results within the established timeframes while managing multiple priorities
• Strong attention to detail
• Excellent analytical and self-motivational skills
• Strong communication skills, both written and verbal