Financial & Regulatory Reporting, AVP

BNP Paribas
Singapore, Singapore
Mar 28, 2023
Apr 05, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
* excluding partnerships

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.

Position Purpose
Provide a brief description of the overall purpose of the position, why this position exists and how it will contribute in achieving the team's goal.

Support Team Head of FRR to deliver team missions in
  • Financial & Regulatory Expertise, ensuring financial and regulatory data accuracy and reliability, performing consistent product analysis, managing cost of risk analysis;
  • Financial Synthesis for local statutory reporting and contributing to Head Office reporting
  • Liquidity and Regulatory reporting, producing liquidity ratios, steering of liquidity indicators and producing regulatory reporting in Singapore.

Assist Team Head of Financial & Regulatory Reporting team and contribute in the below:
Domain knowledge
  • Gain transversal product knowledge in Global Market, Global Banking, Wealth Management perimeters in the context of accounting, credit / RISK and Liquidity related domains;
Accounting & Regulation
  • Keep updated in accounting treatments and norms, including IFRS/IAS standards, group accounting policies, regional memos/policies;
  • Well versed in regulatory reading and build connection(s) among regulatory requirements, in the perimeter of SG Finance owned reporting, jointly with Compliance team(s)
Booking & Closing
  • Gain good knowledge in ledger accounting schemes (AT2, Midas, OLY, OFS etc), together with Local and Regional Control Teams;
  • Explore system behaviours and data flow from upstream operational systems to accounting ledger to form a front-to-end view;
  • Supervise nearshore team for a smooth closing process, with constructive feedbacks in service quality, knowledge and controls.
Financial Reporting
  • Supervise the coordination and preparation of Annual Local Statutory Reporting and disclosures items, as well as the filing of annual return, financial statements and board documents in liaison with corporate secretary.
  • Coordinate and support the information requirements from the external auditors on statutory audit, including arranging for meetings, approval of engagement letters and management representation letters, in liaison with the external auditors on annual audits.
Regulatory Reporting
  • In liaison with IT teams, maintain regulatory reporting database in the perimeter of SG Finance in regulatory data mappings and recurring/ad hoc adjustments with 4-eye controls.
  • Perform checks with accuracy of daily compliance reports and weekly compliance summary for post-compliance monitoring purpose and senior management information;
  • Perform checks with accuracy of submissions of the local regulatory returns prescribed by MAS Notices and Circulars, the surveys required by MAS and STATISTICAL BOARD, together with queries and additional information request from regulators;
  • Documentation and control framework
  • Ensure proper documentation for audit trails and update of SOPs (both at transversal and working files level);
  • Ensure proper and balanced control mindset to operate efficiently within APAC Finance Control Framework;
  • Contribute to overall BNPP internal permanent control framework.
Change Management:
  • Perform regulatory or financial change impact simulation on new or changes in business activities.
  • Contribute to the change management projects or ad hoc topics in organization, systems, regulatory/accounting changes or continuous improvements (e.g. streamlining, automation, operational performance control framework etc)

Technical & Behavioral Competencies
  • Ability to collaborate/Teamwork
  • Communication skills - oral & written
  • Organisational skills
  • Proactivity
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