AVP – Fund Accounting

Job Description

The AVP – Fund Accounting position sits in the BNP Paribas office in Mumbai.

Job Title: AVP – Fund Administration

Department: ISO

About Business line/Function: Fund Accounting/Administration

Position Purpose: Fund Accounting operation / production

Responsibilities: Daily Operations (Delivery of Daily Net Asset value of Mutual funds) & People Management

Direct Responsibilities

·       Person will be expected to run the operational areas on a day-to-day basis as per SLA.

• The position requires very robust Organizational abilities. In this position individual would be expected to have full understanding of process and control and to be involved in production as preparer/ reviewer of funds.

·       Need to have ownership to support enhanced productivity by 5 % plus effectiveness to run more business with same or less workforce.

·       Applicant will be accountable to create appropriate mindset over team to follow conduct and compliance protocols with zero breaches.

• Person will be expected to work closely with the teams within FA & other satellite teams.
• Solid technical understanding of Fund Accounting / Fund Services functions and throughout fund structures is expected. Anticipation of issue and risk assessment would be core and timely escalating to appropriate team/ escalation contact would be expected.
• Ensure audit protocols are followed by the team. Carry out periodic independent control to secure adherence. Recognise proactively, control gaps and take mitigating steps. Act as SPOC during audit period.
• Guarantee incident management protocol is followed by self and the team.
• Secure procedures are in place to productively deal with exceptions and that they are reviewed, researched, documented and resolved in a timely manner.
• Demonstration of commitment to guarantee continuous process improvement to reach streamlining targets.
• Effective and Solid Communication Skill required for this job

·       should participate in performance evaluation and Appraisal process

·       should be having periodical connect/ meetings with team and ensure communication calendar is followed 

·       Guarantee team is motivated by following a robust Rewards & Recognition culture.

·       Run Hiring needs of the team.

·       Lead / Participate and encourage team to participate in a range of CSR and engagement activities / initiatives of the department / Group

·       Fostering a positive and engaging team environment, with the capability to motivate and retain team members

Contributing Responsibilities

·       Direct involvement in integrating new business & activities that will be transferred from other 2S locations in line with ERS strategy.

·       Guarantee high level of communication network is established will all the departments within the business group to promote team stability with enhancement of expertise.

·       See to it that, client organisation issues/concerns are addressed and resolved within the agreed timelines. Customer service review score card should be well maintained and aim to be 4 or above

·       Secure high level of service has been delivered to the Client organisations of BNP Paribas Group.

·       Defining the Main Performance Indicators for the process and achieving the same on a regular basis.

·       Handle and reduce operational risk

·       Continue to shape a solid layer of Middle management and succession planning.

·       Prioritise the work and conduct investigation with due diligence on all the discrepancies.

·       Handle staff to take corrective measures/actions.

·       Must have handled Business Continuity Exercises

·       Ensure all the necessary training has been provided to the team members to carry out the relevant tasks.

·       Secure all the deliverables of the process are met and maintained as per the service agreement.

·       Ensuring the delivery of quality services to customers with consistent green KPIs

·       Secure 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 grasp of Mutual funds accounting.

·       Aware of the entire NAV cycle and roles played by different upstream teams. Basic understanding of upstream teams like Middle office, Pricing, Corporate Action, TA etc.

·       Interest and Exposure to FA Operational Transformation

·       Grasp of specific BNP Paribas/Securities Services Control processes and tools 

·       Continue to guarantee sufficient Risk & Control process are in place

·       Continually working towards process improvements and effectiveness savings and optimisation of costs

·       Having proper contingency planning during BCP

·       Aligning with organization goals 

·       Business Migration Expertise 

·       Adequate understanding of FA System Data Flow 

·       Be able to express ideas productively in individual and group situations

·       Resources Hiring and Training Skill

·       Internal and External Audit Management

·       Applicant should have experience People management, with a proven track record of leading and supervising teams

·       Exposure to implementation of artificial intelligence tools to support high productivity

·       The jobseeker should uphold high level of compliance on conduct topics

Specific Qualifications:

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

 Abilities Referential (Required understanding, competencies and abilities)

Technical & Transversal Abilities:

• • Expertise Understanding of Fund Accounting business and NAV cycle
  •  Aptitude to inspire others & generate people's commitment 
  •  Capability to understand, explain and support change 
  •  Analytical Ability 
  • Capacity to handle a Project
  • Capability to anticipate business/ Strategic evolution

Behavioral Capabilities: 

• •  Decision Making 
• 
  
  • Communication competencies - oral & written
  •  Attention to detail / rigor 
  • Personal impact. Capability 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 main player in international banking. It operates in 65 countries and has nearly 185,000 employees, covering 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 such as 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 sound diversified and integrated model, the Group helps all its customers (individuals, community associations, entrepreneurs, SMEs, corporate 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 spanning several Mediterranean countries, Turkey, and Eastern Europe. As a main player in international banking, the Group has leading platforms and business lines in Europe, a robust 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, equipping it to contribute to the construction of a sustainable future, while guaranteeing 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 over the Group. Driving innovation and progress, we are harnessing the potential of over 10000 employees, to offer support and create 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 prospect 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 main 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 customers and the communities we operate in.