Job Description

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. https://careers.apac.bnpparibas/

Position Purpose

• Organize, supervise, and support the daily P&L production for GLOBAL CREDIT, GLOBAL MACRO & ALMT Businesses in Asia.
• Collaborate with offshore teams to provide best service to Asia Business whenever P&L production is done in offshore location.

Responsibilities Direct Responsibilities
P&L production:

• Responsible for the Management of the GLOBAL CREDIT, GLOBAL MACRO & ALMT P&L teams based in Singapore.
• Accountable of the P&L produced by both Onshore & Offshore teams for the Business: Ensure proper governance is in place between onshore & offshore to review regularly the service provided by Offshore & support offshore when necessary.
• Delivering accurate PNL figures: to ensure that the Official Economic PNL and explains are accurate, ensuring that: daily pricing & P&L explain match (SRE/RBE), no unallocated P&L SRE make sense, daily P&L & explain are consistent with trading activity. SRE aligned with RBE.
• Validating PNL figures in due time: Where the PNL is produced daily, you need to ensure that Official Economic PNL figures are validated on T+1 and PNL Explains on T+2 (preferably on T+1).

Management:

• Responsible of the management of P&L teams in Singapore.
• Plan, design & execute the budget.
• Implement/ review/ update procedures
• Responsible for the management, professionalism and development of staff/ teams: recruit, set objectives, assess performance & provide feedback regularly, support staff, training, create/ promote career development opportunity, succession plan, proactively ensure adequate coverage for both production/ projects.

Business development & collaboration:

• Support & propose solutions for new Business initiatives.
• Collaborate with other internal partners ﴾Finance, Back Office, etc.﴿ to ensure all business and operational issues are deal with in a timely manner.
• Ensure proper P&L governance with global teams to ensure aligned processes & information shared.
• Design/ Contribute/ implement P&L industrialization projects.

Operational/ Regulatory risk:

• Monitor & reduce operational risk & ensure processes/ controls are challenged and address gaps.
• Ensure appropriate & prompt escalation to management and/or OPC/ Compliance for issues/ incidents.
• Ensure quality input/validation and escalation into ORUS/JIRA follow incident management procedure
• Work with APS in collaborative manner to improve communication and bring stable platform together, be resilient when incidents and plan back up plans for critical processes
• Responsible to collaborate to Audit mission & ensure any audit points are review & close timely.
• Monitor Operational and regulatory risk by keeping itself informed if new risk and regulatory requirements and implementing necessary process or controls in timely manner.
• Responsible for ensuring team members comply with regulatory requirements and internal guidelines, especially Block Leave and Mandatory training
• Ensure SLA Governance in place - KPI monitoring

Contributing Responsibilities

• Contribute & implement CIB plan 2022-2025
• Product Control TOM
• P&L & V&RC TOM
• Contribute regionally to the product control functions with other Product Control teams.
• Direct contribution to BNPP operational permanent control framework & minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls
• Comply with external regulatory & internal compliance/ Code of Conduct/ IT security policies requirements
• Anti‐Money Laundering / Financial Sanctions (“AML/FS”) related duties: Operations are an integral part of the control framework including for AML/FS topics. In that respect, in performing your role you ensure adherence to AML/FS‐related Group Policies and execution of associated operational controls, and to escalate any resulting hit for analysis and decision.

Technical and Behavioral Competencies required

• Good FI product knowledge/ Business.
• Good understanding of main driver to explain daily Economic P&L.
• Ability to price products & full understanding of all P&L components
• Good understanding of finance P&L.
• Analytical mindset and Attention to detail
• Change management.
• Constant concern in service quality and constant approach of searching excellence
• Lead by Example: Build‐up cohesion and inspire people, Foster energy, enthusiasms and convictions
• Provide high impact performance/ coaching feedback
• Self-discipline & strong autonomy
• Ability to work under pressure
• Very good logical & solving skills
• Innovation and initiatives: Demonstrate willingness to constantly improve status quo
• Think “outside the box”.
• Adaptability: Ability to adapt to new situations (new booking systems, new products, new activities to manage…)
• Client Focus: Capacity to work with various clients and partner them
• Escalation process / Reporting: Internal rules of reporting and escalation to Finance, MO, and FO are known & applied
• Openness to work in an international environment.

Experience and Qualifications required

• Relevant experience in Management (VP level)
• Operations experience on the same Business Line.