Vice President Fip Business Analyst

Jersey City, NJ, United States

Job Description


Business Overview:

The Finance Americas COO department ensures that appropriate solutions are put in place for the Finance (accounting) and Tax organization to meet their business objectives. The team acts as the bridge for the Finance and Tax organization to various departments within the BNP Paribas group, mainly the Business, PMO and Technology organizations in New York, New Jersey, California, Montreal, Mumbai, London, and Paris.

The role resides within FCOO\xe2\x80\x99s Finance Implementation Projects (FIP) Business Line team that works on a wide range of projects simultaneously arising from business, regulatory changes, and strategic initiatives. The team is also responsible for the reengineering efforts of existing applications to improve functionality and efficiencies. The team also provides first line user support through training, research and responding to general queries.

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

  • Results and Impact
  • Able to influence peers and team.
  • Demonstrates good judgement when making decisions of high complexity and impact.
  • Exercise appropriate autonomy in the execution and delivery of work.
  • Responsible for driving outcomes, which have meaningful effect on team or department.
  • Leadership and Collaboration:
  • Creates trust with colleagues.
  • Acts in leadership capacity for projects, processes, or programs.
  • Client, Customer and Stakeholder Focus:
  • Able to build relationships with a mix of colleagues and clients.
  • Interacts regularly with management and department leaders.
  • Demonstrates the ability to influence stakeholders at the team level.
  • Compliance Culture and Conduct:
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
Responsibilities:

The Business Analyst has broad-based responsibilities for the functional design, business line specification and deployment of Finance Systems and Process changes initiatives at both an Americas Legal Entity and IHC level. The candidate will work as a team member of projects. General responsibilities include:
  • Generate, analyse, and document user requirements and business processes for IT development (BRD).
  • Undertake data assessment, data gap analysis and remediation.
  • Implement operational accounting schemas throughout product lifecycle.
  • Plan and manage user acceptance and migration testing up to successful delivery of end-product or remediation solution.
  • Ensure proper and adequate aftercare and follow-up to remediate any unforeseen issues.
  • Manage issues and escalate effectively.
  • Ensure on-time quality delivery of projects and tasks assigned.
  • Participate in project planning and cost estimates.
  • Liaise and coordinate cross-functionally to review requirements with stakeholders to enable design and development in liaison with IT, coordinate testing, support go-live, and provide long term support for operational readiness, governance, controls, and aftercare.
  • Devise strategic and well-thought-out solutions to business initiatives.
  • Facilitate working group meetings with effective presentation materials and documentation; prepare agendas, document-meeting outcomes and communicate to stakeholders and management.
  • Support enhancement efforts of the overall control environment, including upstream processes and controls.
Specific responsibilities for the Finance Implementation Project Business Line Analyst role:
  • Sound knowledge of lifecycle of financial Global Market and Global Banking products and banking processes, ability to navigate complex data systems and architecture.
  • Work closely with Finance Strategy group for current and upcoming new transactions or activities
  • Acts as the contact person within the project teams and for the business line in relation to data and functional aspects and document and validate BRD updates accordingly.
  • Engage finance internal teams for relevant schemas and downstream reporting of finance processes.
  • Ensure accounts, products, legal entities, and source systems are properly reflected in implementation.
  • Track timelines and budget, report weekly updates, lead, and participate in OpCo/SteerCo meetings
  • Ensure appropriate coverage to anticipate and enable resolution for any unforeseen or blocking issues with appropriate escalation.
  • Identify opportunities to enhance and automate processes and agilely reprioritize and support other finance projects as they emerge.
  • Ensures proper change management controls, rules, and responsibilities as required.
  • Shares knowledge about the area of expertise and provides functional support.
  • Excellent PowerPoint and Excel skills to allow for analysis, summary, and presentation to working group and management as needed.
Qualifications

Minimum Required Qualifications:
  • Qualified CFA / Finance University Degree.
  • 8 to 10 years of work experience in the field of accounting and / or accounting systems (i.e. upstream to general ledger and downstream) and implementation in the financial services industry.
  • Strong technical accounting background in the financial services industry (Ex: Corporate and Investment Bank, Prime and Hedge Fund Services, Investment Management, etc.)
  • Experience must include business analysis and application testing.
  • Excellent written and oral communication skills.
  • Business analysis and project management skills including Microsoft Office, SQL preferred.
  • Ability to understand complex financial products and system architectures, including accounting business processes, financial, and management reporting (IAS and US GAAP), month-end closing process, regulatory reporting, entity consolidations and multi-currency accounting.
  • Experience working with accounting and reporting of complex financial products (Ex: Derivatives, Forex, Equities, Fixed Income, Treasury, Loan Syndication, Supply Chain, Trade Finance, etc.) with deep understanding of product lifecycles and associated accounting events.
  • Detail-oriented approach with problem solving mind-set and ability to work independently.
  • Ability to effectively challenge and apply professional skepticism with the goal of providing strategic solutions.
  • Excellent written and oral communication skills, with the ability to explain complex issues clearly and concisely to audiences of varying technical or accounting levels.
  • Ability to work effectively in geographically dispersed cross-functional teams.
Preferred Qualifications:

\xc2\xb7 CFA or experience in financial products strongly preferred.

\xc2\xb7 Knowledge of accounting standards - IFRS and/or US GAAP are of interest.

\xc2\xb7 Strong accounting knowledge
  • Experience working with IT in product implementations of financial systems
  • Experience in Business Analysis (Accounting and Reporting) and Application Testing (accounting interpreter, sub ledger, general ledger, and reporting tools) in financial services industry.
\xc2\xb7 Fluency in one of more of these languages preferred: French, Spanish and/or Portuguese.

\xc2\xb7 Knowledge of emerging solutions and analytic tools preferred, e.g., robotics, Alteryx, BI, AI etc.

FINRA Registrations Required: Series 7 preferred

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): Not Applicable

SEC Security-Based Swap Dealer Associated Person: Not Applicable

The expected starting salary range for this position in New Jersey is between $125,000 and $175,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. In the United States, BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

The bank employs nearly 6,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential.

BNP Paribas. The Bank for a Changing World -

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

BNP Paribas

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Job Detail

  • Job Id
    JD4363144
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    $125000 - 175000 per year
  • Employment Status
    Permanent
  • Job Location
    Jersey City, NJ, United States
  • Education
    Not mentioned