BNP Paribas is the top bank in the European Union and a major international banking establishment. It has close to 190,000 employees in 65 countries, including almost 145,000 in Europe.
As a first-tier international banking group, BNP Paribas possesses leading platforms and businesses in Europe, a deep footprint in the Americas, and a solid, fast-growing set-up in the Asia-Pacific region. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. It also deploys its integrated retail banking model in countries of the Mediterranean rim, in Turkey and in Eastern Europe. With nearly 190,000 employees, BNP Paribas is present in 65 countries.
VACANCY DETAILS :-
POST NAME - Assistant Manager FP&A
QUALIFICATION - CA/CMA/MBA
EXPERIENCE - 0 To 2 Years
LOCATION - Mumbai
JOB DESCRIPTION :-
The jobholder will be a part of the Financial Synthesis P&L team mainly managing HOR P&L (Head Office Reporting P&L) or SMR (Strategic Monitoring & Reporting) activities. The mission of the team is to ensure reliability of all management reporting on P&L based on group instructions and norms, design and produce performance synthesis reporting, analysis, monitor and foster performance to support the CIB divisional / regional. The role will require him/her to act as business partner for business divisions and business lines and support the business strategic steering by animating the flash, actuals, forecast and budget process. He/ She will produce performance management reports with various indicators to support analysis and steering business performance.
Responsibilities :
- Measure and ensure the quality of the segmented financial data required for the P&L of the entities in the scope in compliance with accounting standards, carry calculation, validation of Business Line allocation in coordination with performance managers by monitoring revenues, direct and allocated costs
- Feeding of the Performance Steering (PS) tools of the segmented information on P&L, controlling consistency with the Financial statements reporting and ensuring the accuracy of the allocation processes
- Follow the CIB approach, norms and standards in terms of regional Management Accounting and Reporting activities in collaboration with Divisions & Business Lines PS Teams
- Control alignment between statutory/management accounting and bridge P&L between local GAAP/IFRS
- Produce daily and monthly management reporting dedicated to Business Lines
- Continuous monitoring of financials (results, costs, capital, balance sheet & liquidity) of the business lines
- Extensive analysis of Net Banking Income, Costs, Cost of Risk by business line, nature, & country for understanding the key drives by closely coordinating with the management accounting, business and other performance steering teams.
- Co-ordinate execution of Financial Planning activities, notably for Budgets, Forecasts in collaboration with Performance Steering teams, Business/CFOs, Regions, Divisions & Business Lines
- Contributing to timely and accurate financial communications which will require preparation of standard and ad hoc Management reports for Revenues, Costs, Headcount, Cost of Risk (Provision for non performing loans), RWA, Liquidity by business lines
- Business partnering with key stakeholders on a regular basis & monthly review with senior management to discuss business performance
- Managing ad hoc reporting needs along with standard deliverables for senior management. Reporting for Flash & Actuals (monthly), Forecasting (quarterly) and Budgeting (annual)
- Contributing to the monitoring of business line Treasury ALM results
- Cost and Revenue Accruals & Reinvoicing review/support.
- Client Reporting with data collection, reconciliation, variance analysis (by liaising with local/regional teams) & submission of data to the Group Client Profitability Team
- Contributing to the reporting for ECB
- Alert the Group CFO/ Deputy Group CFO and the Divisions’ Executive Management to any problems
- Promoting/implementation/contribution to projects (new systems, procedures, standards/regulations) initiated by Regions/Business Lines/Functions on management reporting scope
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