Job Description

As the leading European Union bank, and one of the world\'s largest financial institutions with an uninterrupted presence in the region since 1860, BNP Paribas offers a wide range of financial services for corporate, institutional and private investors spanning corporate and institutional banking, wealth management, asset management and insurance.

We passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued and encourage applicants of all backgrounds, including diversity of origin, age, gender, sexual orientation, gender identity, religion applicants who may be living with a disability. We have a number of internal employee networks in place to empower our staff to act and challenge the status quo.

• BNP Paribas PRIDE is highly active in favour of the LGBTQIA+ community
• BNP Paribas MixCity which fosters better representation of women at all levels of the organization
• Ability, the mutual aid network for employees with a disability or a disabling or chronic illness
• BNP Paribas CulturAll which celebrates diverse backgrounds

BNP is committed to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has set up its own Low Carbon Transition Group to support its clients through their energy transitions.

https://careers.apac.bnpparibas/

More information
BNP Paribas - Diversity & Inclusion Journey
BNP Paribas - The Bank Of Green Changes

Award Obtained
BNPP has won Top employer Europe award in a 10th consecutive year

What is this position about?

• As part of the Fund Accounting team, they are responsible for the overall production of the Net Asset Valuations ("NAVs") for single manager and fund of hedge fund clients in adherence to HFS client service level documents. NAVs for clients may be produced daily, weekly, monthly, quarterly or annually according to clients\' requirements. The team independently reconcile, review and report on trades, positions, cash and prices, controls general ledger postings and the final NAV review sign off process

What would be your typical day at BNPP Paribas look like?

Primary Role Responsibilities

• Assisting with managing and supervising Fund accountants by ensuring adequate training, split of workload between team members, assistance in cases of escalation and general oversight. Ensuring that all team members operate efficiently and adhere to internal procedures, ISAE 3402 II requirements and HFS best practice and policy. Accountability for team performance, efficiencies and key risk / performance indicators.
• Co-ordinating the NAV preparation process - including review of final trial balances and all underlying portfolio information, accruals and expenses to ensure that information is up to date and complete. Analysing and reviewing movements in the NAV taking into account effects of P&L, side-pockets and hedging on share class/ series NAVs.
• Liaising with the GSO team, prime brokers and investment managers to resolve reconciliation breaks and other NAV related queries on a timely basis.
• Overseeing payments processing and ensure proper controls including call back in place.
• Monitoring the daily/ad-hoc work of the team to ensure client / internal deadlines are met. Handling internal administrative tasks (e.g. KPI, KRI, MI reporting, Sage).
• Managing client audit and due diligence reviews. Co-ordinating the funds\' audit process to ensure completion of audits in accordance with agreed timeframes and timely filing of the AFS & FAR with CIMA (as applicable).
• Co-ordinating the preparation & presentation of Administrator Reports at Fund meetings as required.
• Promoting and maintaining high quality client service. Handling work with clients, fund managers and other third parties (e.g. fund auditors) on daily operational issues in an independent and professional manner). Responding to client enquiries and co-ordinating work with other internal departments.
• Providing assistance on new fund launches, fund restructuring and fund terminations, including coordinating with clients & other internal departments on review of fund documentation & execution of service agreements. Ensuring all necessary onboarding & termination procedures are followed for account openings & closings.
• Actively contributing to product/service development initiatives, evaluating processes to improve efficiency and leading in internal projects as required.
• Oversight of the services provided by GSO team and any external services providers as required.
• Assisting the Head of Fund Accounting to manage the requests from the quality assurance team, operational risk team, internal audit team requests, ISAE audit team etc; and to effectively and timely address any audit points.

Other contributions

Risk and Compliance:

• Ensure the operating model in compliance with regulations, market infrastructure evolution and BNP Paribas internal control rules and meet compliance and regulatory obligations

Conduct:

• Adhere to the Code of Conduct and act accordingly internally, when facing clients and providers

What is required for you to succeed?

• Individual Leadership

Active participation in client and internal meetings where required
Operational leadership of change incorporating client requirements and process reviews
Validation for all activities related to transaction processing and carrying out our "Business as usual" tasks
Full service delivery in line with client SLA`s
Act as a conduit of change for business, IT and client projects across the organisation
Actively contribute and participate in all Culture and Leadership initiatives
Ability to adapt to change, and to approach team and organizational changes with an innovative approach * Client Services

Active participation in senior client meetings as well as technical escalation point for client issues or changes
End of year financial reporting to meet specific client SLA terms
Ensuring implementation of operational risk and legislative requirements in all output * Commercial Focus

Analysis, innovation, development and implementation of change and process improvement
Maintain and monitor the BP2S Risk Control Framework for the services provided to client, including formal supervision and working closely with Risk and Compliance and Operational Controllers, identifying potential risks and developing controls to mitigate them Required education/certification/licenses

• Bachelor Degree or equivalent
• At least 7 years of experienced professional in hedge fund accounting space

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