BNP Paribas SecuritiesServices is a multi-asset servicing specialist with local expertise in 35markets around the world and a global reach covering 90+ markets. Thisextensive network enables us to provide our institutional investor clients withthe connectivity and local knowledge they need to navigate change in afast-moving world.
As of 30 September2019, BNP Paribas Securities Services had USD 11.491 trillion in assets undercustody, USD 2.759 trillion in assets under administration and 10,491 funds administered.
Thisrole will initially be based in the UK, however subject to travel restrictionsand visa permits being secured the post holder will be based in Saudi Arabia.
Departmentpurpose / objectives
The Fund Accounting Departmentcomprises a number of different functions in the administration of AssetManager and Asset Owner clients.
The Asset Owner Investment Accountingdepartment exists within the Fund Accounting Department to provide a timely andaccurate Valuation and reporting service and a direct client relationship linkto our Pension, Insurance and Sovereign Wealth Clients.
Purpose& Scope of the position
This role is responsible for providingproject support and assistance to ensure the successful build out of theInvestment Accounting Service as part of Project Taawun (Taawun is Arabic forcollaboration).
The role will be provided out of the UKbut based in Saudi Arabia working directly within the Client offices to helpembed technical knowledge and ensure the appropriate alignment of the localClient structure to support the Investment Accounting service within theregion.
·Working directly with the Client toestablish and embed technical knowledge through training of theiraccounting team
·Input to developing the structure,process and controls for the Client Investment Accounting service
·Provide technical knowledge on InvestmentAccounting reporting on the content of data and requirements for the data set
·Day to day production contact withinternal operational and accounting teams
·Develop key relationships across arange of internal stakeholders
·Facilitate service delivery supportacross local BP2S Investment Accounting and Client accounting team whererequired with potential oversight role
·Onsite support to ensure efficientquery management protocol
·Assist and support InvestmentAccounting team where required to ensure client and internal change isimplemented with no detrimental impact to client service delivery
·Be the key Investment Accountingworkstream contact to the local Project Manager and relevant working groupssetup to deliver the project.
·Provide Investment Accountingworkstream key deliveries to support the work required to deliver to theproject timeframes.
·Provide regular feedback to localproject and production team on service expectations
·Be a subject matter expert across theend to end production cycle
·Ensure a high level of client serviceis delivered at all times
·Build strong, professionalrelationships with Client and act as ambassador for BNP Paribas
·Participate in project and client calls
·Providing project support to ensuresuccessful on-boarding of local activity
·Sharing expertise and experience acrossInvestment Accounting service deliverables and reporting output to help Clientbuild strong governance framework
·Develop personal skillset to provideon-going technical training across the product and services
·Assist in development of process andcontrol framework to support ongoing governance across the Client InvestmentAccounting service
·Provide best practice guidelines
·Timely escalation of any potentialissues to Management
·Support the continuous assessmentof team processes and controls to improve efficiency, controls and reducerisk where necessary
·Support Client accounting team toensure all activities are documented within checklists and procedures andensure operational updates are captured where required
·Work closely with all stakeholders(internal and external) of the Investment Accounting service in managingresponses to Clients, Auditors, Depositary, Custodians and Investment Managerswhere necessary
Skills and Experience Required
·Experience of Asset Owner fundservicing model and unitised fund pricing
·Experience of Hiport Investment Systemand/or General Ledger
·Highly computer literate with strongexcel skills
·Broad understanding of internationalmarkets and asset transaction processing including derivatives, asset creationand pricing, on and off markets trade capture, corporate action and income
·Knowledge of daily and period endInvestment Accounting reporting an advantage
·Knowledge of technical ITinfrastructure an advantage
·Experience of Pension fundadministration
·Possess high level of numerical skillsand investment operation/accounting knowledge
·Ability to work under pressure and tomultiple tight deadlines
·Flexible and adaptable approach to work
·Excellent communication andinterpersonal skills
·Fund accounting and/or middle officeoperational experience
·Solid numerical and analytical skills
·Strong time management and planningskills
·Strong team player
·Excellent attention to detail
·Responsible, reliable and accountable
·Experience in working in project baseddelivery environments.
BNP Paribas promotes equality ofopportunity and is committed to ensuring that no individual is discriminatedagainst on the grounds of age, disability, gender reassignment, marriage orcivil partnership status, pregnancy and maternity, race, religion or belief,sex or sexual orientation.
As an employee with BNPParibas Securities Services, we want to make sure that you are rewarded foryour commitment. As such, you will be entitled to our award winning benefitspackage which includes a generous holiday allowance of at least 34 days(including bank holidays), a non-contributory pension of 9%, private healthcareand GP service all as standard, along with a number of personal insurances suchas income protection, life assurance and personal accident insurance. Webelieve in ensuring all our employees have a positive work life balance and soin addition to the core benefits you will also have access to a varietyof flexible lifestyle benefits including dental cover, childcare vouchers,cycle to work schemes, season ticket loans and reduced cinema and gymmembership to name a few.