Position :
Manager Financial Accounting Capital Markets
Department : Financial Accounting
Status : Permanent
Location : Madrid
Update : March 5, 2018
Report to
Head of Financial Accounting MadridFinance Service Centre
Mission and Objectives
The Manager of Financial Accounting Capital Markets activities isprimarily responsible for providing oversight and control over day-to-daytransactions, operations and activities required for the day and month endclosing of all the transactions and controls generated by the Capital Marketsactivities associated to the following products : Derivatives, Securities,ALM Treasury, Equity, Clearing and Custody.
Assumes responsibilities, which ensure that the financial records areproperly maintained and exceptions are resolved in a timely manner.
Main responsibilities
Accounting& Control Functions
Manage the staff and supervisesthe day-to-day operations of team generated by the Capital Markets activitiesby :
Supervisingand reviewing the collection, processing and reporting of revenue, provision,and transaction volume information for all business lines in the entities.
Overseeing the monthly, quarterly,and annual closings of the general ledger for all the back offices processingsystems
Providing control and monitoringissues / bottlenecks in the team by maintaining relevant KPIs (e.g. thetimeliness of reports, responsiveness of other parties in providing informationto their teams, the number of manual / late / correcting journal entries )
Coordinating task distribution,coverage, cross-training, and knowledge / information-sharing
Providing support to Operations,as well as to other teams within Finance
Make sure that the data reportedto Central Team and the Regional Fronting (PM) generated by the capital marketsand equity activities
Prepare budget and Forecastprocess related to the capital market activates
Transform the accounting data intomanagement accounting (profitability and cost allocation by Business Line)following the MARP (Management Accounting Rules and Principles)
Contribute to the proper P&Land cost of funding reconciliation processes in compliance with Group and CIBFinance standards
Act as the firstlevel of review toensure accuracy, completeness, and validity by reviewing and approving allrelated to Capital Markets activities :
The operational processing ofrevenues and Cost of Risk (CVI and CVA)
Assure the correct implementationof the 4 eyes principles control over the staff’s journal entries
Reconciliations of accountbalances (e.g. transit and suspensory accounts related to financing activitiesand taxes)
Reconciliations between systems / with Head Office (e.g. MO P&L with accounting, liquidity datareconciliation )
The reports generated by themanagement accounting activity (e.g. Flash reports, reporting of customer-levelprofitability)
Justification of the balance andoff-balance accounts allocated to the department (e.g. : liquidity, securities,equities accounts, suspensory accounts, etc.)
Reconciliation between Atlas2 / Midasand OFS in all related to capital markets and equity activities
Reconciliation between Middle officeP&L and Accounting P&L, assuring that all the significant gaps areproperly identified, explained and followed up
Reconciliation FX between Middleoffice positions and accounting. Additionally, assure the execution of the selldown process
Assure the correct implementationof the custodian accounts reconciliation process performed by BP2S’s operationsdepartments
Assure the daily control over theBP2S capital markets settlement activities
Implement transactional accountingschemes and operational processes related to capital markets and equity activities
Ensure the completeness andaccuracy of feeds from the operating systems (all the systems that managed capitalmarkets activities) to the general ledger through a second-level review of thereconciliation reports (e.g. OMR rectool )
Contribute to the BNPP operationalpermanent control framework
Projects,Systems Support, Operational Process Improvements for Loans, Deposits and Derivatives products :
Formulate back officetransactional process improvements in production, control procedures, andworkflow organization to increase the team’s efficiency and effectiveness
Oversee the update of static data(tables, parameters, allocations) and user maintenance for the tools / systemsunder the team’s responsibility
In partnership with the Projectteam, contributes to the standardization / harmonization of best practices acrossthe general ledger and operational platforms
Oversee the tools supporting thegeneral ledgers, as well as front / back office processing systemsupstream / downstream to the platform that are under the team’s responsibility(e.g. OMR, EL,etc.)
Participate in the development,testing, and implementation of systems to support the activities of the team,assisting in :
Definition of businessrequirements
User acceptance testing
Training of users
Trouble-shooting after deployment
Other functions
Ensure team’s observance of thebank’s policies and procedures
Prepareshort and long term resource plans for his / her respective team; establishobjectives and performance standards / metrics, conducts performance reviews, andprovide coaching, counselling and career development of personnel
Requirements
Training and occupationalexperience
Accounting degree or equivalent
Minimum 8 years of experience inat least several of the following corporate and / or line of business disciplinespreferably within a corporate banking company : financial accounting andcontrol, financial planning and analysis, management reporting, audit (internal / external),compliance and risk managementpositions
Minimum 3 years of experiencemanaging teams
English speaking is mandatory
Essential specificrequirements
In-depth knowledge andunderstanding of generally accepted accounting principles, IFRS, French GAP as well as LRR
Strong financing productsknowledge, mainly related to derivatives, treasury and securities
Strong understanding of financialand operational risk control requirements to ensure that financial systems inplace are compliant and continuously monitored
Speaking French and other locallanguages a plus
Excellent Excel skills (including pivot tables, VLOOKUP, SUMIF).
Ability to learn new systems and products quickly
Skills and behaviours
Maturity, professional standing,strong interpersonal communication skills and presentation skills
Solutions-oriented thinker who isable to generate creative ideas
Ability to work collaborativelywith relevant teams; strong planning and organizational skills
Understanding of systemrequirements and capabilities to ensure appropriate controls and operationalprocesses 
