Vice President - Intercompany Reconciliation

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.

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 specialised 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

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.

About Business Line / Function

The Subject Matter Stream is primarily responsible for month end closing along with providing oversight and control over day-to-day transactions, operations and activities, including variation analysis from transactions from various activities including Global Market, Global banking activities and Financing activities.

MISSION AND OBJECTIVES

Subject Matter Stream (SMS) team ensures an accurate, reliable and comprehensive set of segmented financial data required to produce all reporting streams through the execution of the financial control plan and a strong oversight on upstream controls and data quality.

The main responsibilities of the Subject Matter Stream (SMS) Intercompany Manager is to ensure the accuracy of the intragroup financial information in the ledger for the assigned entities in Finance EMEA scope, with a dedicated focus on intragroup declaration and its impacts on BNPP consolidation process, in line with the Group accounting policies and norms.

Lead the Intercompany Regional competence center stream in ISPL, aligned with prioritization provided by FS Financial Reporting team in Madrid

Be an expert on products and its accounting schemes, reconciliation intercompany process with a proper follow-up and respective documentation

Drive timely and accurate closing of financial reporting in line with Group standards and guidelines, through a solid control framework

Act as point of contact for project teams of new operations within the Group which may impact the intercompany reconciliation process

To support EMEA countries in preparation and reporting of Intercompany transactions (Transfer pricing local files)

Preparation and reporting Intercompany KPIs and respective Dashboards related to the team´s activity

MAIN RESPONSIBILITIES

Lead the Regional competence center for Intercompany Processes :

Drive the reconciliation of intragroup gaps. Currently organized on a quarterly basis with production period and interclosing period, the approach needs to be reviewed in order to develop as much as possible a day-to-day approach.

Perform Intercompany reconciliation accordingly with Group thresholds : Intercompany breaks analysis, root cause investigation, resolution reporting to Accounting teams.

Ensure timely and clear communication with all the stakeholders

Ensure deadlines are followed by monitoring team deliverables (both on the intercompany reconciliation and the contribution to the local TP files)

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

Keep solving the remaining open breaks from a period to another

Focus on data quality improvement with corrections performed at source

As Manager of the team, ensure an efficient organisation, proper allocation of the resources and respect of the governance and permanent control related to the team responsibilities

Provide support and expertise to the team members in their tasks. This includes defining control and investigation strategies, participating to the analysis of critical topics, etc.

Review the documentation of Standard Operating Processes (SOP's) for productions teams to follow in the target operating model

Execute the BCM responsibilities for respective team / business

Define and implement proper permanent controls on BCP activities on their scope

REQUIREMENTS

Training and occupational experience

Business school, University Graduate, master's degree in accounting or finance Degree

Minimum 7 to 10 years in Finance within the Banking sector (Financial Accounting, Reporting, Business / financial analysis), including audit and consultancy firms

Experience of working in an international environment appreciated

Experience in managing teams

Languages

English | Advanced

French and other European languages a plus

Technical Skills

Strong knowledge of Banking products, Corporate Accounting and Expenses and Capital Markets activities

Knowledge of IFRS norms, with a deep experience in accounting and financial reporting, preparation of financial statements

Strong knowledge of Controls and Audit technics and Financial Risk Management

Soft Skills and behaviours

Maturity, professional standing, strong interpersonal communication and presentation skills

Classification : Internal

Effective analytical, organizational, and problem-solving skills

Analysis and Investigation mindset, taste for digging into complex representations (accounting schemes) and data model (systems architecture)

Ability to learn new systems and products quickly

Strong communication skills, both written and verbal

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

Methodologies, Tools & Technologies

Ability to obtain and maintain a thorough understanding of the general ledger structure through Business Objects extractions

Advanced knowledge of MS Excel (formulas, pivot tables, charts, and graphs)

Skills Required

Financial Risk Management, Preparation Of Financial Statements, Banking Products, Corporate Accounting