AVP - Fund accounting and Project management

Job Description

Description

Job Title: AVP – Fund Administration (IC role)

Department: ISO

About Business line/Function: Fund Accounting/Administration

Position Purpose: FA Business Operations Project Manager

Responsibilities: 

Managing Global projects for the Fund Accounting division.

Significant Industry experience within FA Operations, along with deep knowledge and expertise in delivery of Daily asset value of mutual funds will be critical for the role. The PM role is responsible for leading complex programs with the aim to achieve operational efficiencies and risk reduction in line with the global operating model.

Direct Responsibilities

In this role, candidates will require to deliver absolute quality, with big focus on process transformation to bring lean workflow with effective control

• Reinforce and accelerate the transformation bringing both expertise of FA operation and Project Management
  • project methodology and best practice
  • Transformation mindset 
  • Change Management communication  
  • Global / Local alignment of priorities 

• The role requires very strong Organizational skills. In this role individual would be expected to have full understanding of process and control as pertaining to Fund Accounting and daily NAV for mutual funds.
• The Candidate will be expected to work closely with the teams within FA & other satellite teams as the projects will have touchpoints across multiple internal and external stakeholders.
• The Candidate will coordinate the transformation impacts with all stakeholders and support the operational teams through to the implementation of the identified solutions and actions
• Prepare monthly reports on the changes & achievements and present them to Management.
• 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.
• Demonstration of commitment to ensure continuous process improvement to achieve efficiency targets.
• Effective and Strong Communication Skill required for this role

Contributing Responsibilities

• 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 requirements, issues/concerns are addressed and resolved within the agreed project target launch timelines.
• Ensure high level of service is delivered to the Clients of BNP Paribas Group.
• Manage and reduce operational risk
• Prioritise the work and conduct investigation with due diligence on all issues, blockers as the projects progress.
• Ensure all projects are aligned to client service agreements.
• Ensure no material / financial incidents
• Conduct investigation with due diligence on all the discrepancies in processes

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 optimization 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
• Exposure to implementing artificial intelligence tools to support high productivity
• Be proactive in proposing modern, digital, and innovative solutions that will address operational challenges.
• The candidate should uphold high level of compliance on conduct topics

Specific Qualifications:

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

  Skills Referential (Required knowledge, skills and abilities)

Technical & Transversal Skills:

• Expertise Knowledge of Fund Accounting business and NAV cycle
• Ability to develop and leverage networks
• Ability to understand, explain and support change
• Analytical Ability
• Ability to manage a project

 Behavioral Skills: 

•  Decision Making Communication skills - oral & written
•  Attention to detail / rigor 
• Personal impact. Ability to influence

 Education Level: Master’s degree or equivalent

Location: Mumbai / Chennai

Experience level: At least 12 years

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.