~~Business Overview: The Intermediate Holding Company ("IHC") program structured at the U.S. level across poles of activities of BNP Paribas provides guidance, supports the analysis, impact assessment and drives adjustments of the U.S. platform's operating model due to the drastic changes introduced by the Enhanced Prudential Standards ("EPS") for Foreign Banking Organizations ("FBOs") finalized by the Federal Reserve in February 2014, implementing Section 165 of U.S. Dodd-Frank Act.
As 2nd Line of Defense function and delegated by the IHC Audit Committee and management, IHC Finance Control Group ("FCG") is responsible for assessing an Internal Control for Financial Reporting ("ICFR") process at the IHC level as well as for those entities which are consolidated under the IHC. Main aspects of the program are:
Perform risk identification and assessment over financial statements and ICFR
Conduct walkthrough, tests of design and tests of operating effectiveness over in-scope process and controls
Assess and communicate to relevant parties control exceptions and deficiencies identified during the testing
Collect the relevant data and prepare presentation material to various committees, including management and Board committees
Coordinate the ICFR program between BancWest retail activities and Corporate & Institutional Banking activities Responsibilities: The IHC and CIB Finance Internal Control teams dedicated to US regulatory control requirements are responsible for assessing the design and operating effectiveness of ICFR framework at the IHC and CIB level on an annual program life-cycle.
Operationally, and as a team member, for all aspects of ICFR Program, key duties / elements of the work include:
Identifying key processes, risks, and controls surrounding ICFR according to the Program Policy;
Performing walkthrough and creating/updating narratives for key processes;
Creating/updating risk and control matrices and assessing control gaps, if any;
Coordinating with other team members (including those from offshore testing center) and contributing to tests of controls, and assess and communicate control deficiencies; and
Collecting data and preparing presentation material for various committees, including management and Board committees
For these aspects, the position should provide detailed knowledge and relevant experience in assessing ICFR at the financial institutions and also will be responsible to understand the organizational difference between CIB and retail banking in order to prepare meaningful analysis to management and committee members.
Accounting degree (with concentrations in financial/regulatory audit) - CPA or equivalent required
2 – 5 years of experience in external audit of corporate banking and capital markets in a main audit firm (or equivalent in consulting) under FDICIA and/or SOX control environment, or in an internal control team of an international financial institution.
Very good understanding or knowledge of COSO framework and internal control requirements under SOX (or equivalent regulatory framework)
Excellent verbal and written communication skills (English language)
Proficient in Microsoft Office Suite (Word, Excel, PowerPoint).
Ability to adhere to strict project and production deadlines, showing strong planning and organization skills
Rigorous, self-disciplined, paying attention to detail
Committed to maintain strong control environment
Capacity to interact with people in different areas, building strong and reliable business relationship
Solid understanding of financial instruments and developed skills in analysis of business supporting processes from financial reporting control perspective
Master's degree in Accounting, Business Administration or related discipline