Senior Fund Accountant, Fund Services - Associate (FTC until end of May 2026)
This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.
BNP Paribas is the European Union's leading bank and a key player in international banking. We operate in 65 countries and employ 190,000 people, including nearly 145,000 in Europe. Our Group holds key positions in its three main fields of activity: Commercial, Personal Banking & Services; Investment & Protection Services; and Corporate & Institutional Banking (CIB) for corporate and institutional clients.
Our Securities Services business, which forms part of CIB, is a leading global custodian providing specialist post-trade and asset servicing solutions to buy and sell-side market participants, corporates and issuers. Based in 35 locations around the world, our award-winning Securities Services teams have built one of the most extensive custody network in the industry, giving clients the connectivity and local knowledge they need to navigate change in a fast-changing world.
Company purpose:
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
• Being a great place to work
• Committed to sustainability and having a positive impact
• Being dedicated to the development of our people
Business area
The Fund Services department is a high profile business area in the United Kingdom comprising of the following key operational areas:
• NAV Delivery: Responsible for NAV production, monthly fund accounting, oversight controls & client reporting.
• Financial Reporting: Responsible for statutory financial statements services for internal and external clients
• Fund Tax: Responsible for all aspects of UK fund tax compliance
• Investment Analytics: Provision of Performance, Portfolio Structure Reporting, Attribution, Risk, Solvency II and other client reporting services to UK based clients
NAV delivery within the Fund Administration function act as the guardians of all UK open ended and closed ended funds for the NAV control framework to ensure timeliness and accuracy of external NAV service delivery to all UK clients.
The Fund Administration team is also responsible for ensuring validated fund trial balance data to facilitate a smooth transition to the financial reporting production process and provision of data to external auditors & trustees.
Job purpose
• To perform timely and accurate initial review of all daily NAV's for assigned UK clients as well as escalation of complex deliverables or issues as appropriate
• Deliver against work schedules and timetables set by the assistant manager/manager of the team
• Contribute to the successful delivery of agreed periodic reporting requirements in accordance with client service level agreements
• Support the personal development of Fund Accountants within the team by providing feedback and ongoing coaching as their work is reviewed
• Ensure understanding and compliance with client Service Level Agreements and internal delivery deadlines including responding to assigned client queries
Key responsibilities
Operational Excellence
• To meet client KPI's and service delivery commitments
• To complete the initial review of assigned team deliverables and timely escalation for support with more complex reviews and/or resolution of issues
• Timely completion of internal team management information for review by assistant manager/manager of the team
Client Focus
• Day to day production contact with Clients, Auditors, Trustees, Custodians and other departments within BNP Paribas Securities Services
• Ensure understanding and compliance with client SLAs and internal delivery deadlines
• Support response to client queries with escalation on more complex queries / issues
Risk and Control
• Assess team processes to improve efficiency, control and to reduce risk
• Support management in ensuring all significant activities are documented within procedures, kept up-to-date and recorded on the procedure database
• Support management in ensuring all checklists utilised in review and sign off clearly document controls and are kept up-to-date
• Timely escalation of any issues to Assistant Manager
• Corrective and preventative action if deadlines / quality standards are at risk
• Maintaining training and continuing competency (T&C)
Change
• Contribute to department projects as agreed with management team
• Support senior colleagues and change specialists to complete client and internal change activity as required ensuring no detrimental impact to client service delivery
• Support a culture of continuous improvement by assessing team processes and controls to improve efficiency and reduce risk where possible
Key internal stakeholders:
• Internal service providers within IFSO Operations
- Income
- Trade processing
- Corporate actions
- Database
- Operational Control teams (internal audit & risk/control)
- Tax teams
- Financial statement production teams
- Oversight & Control
Key external key stakeholders:
• Fund Services clients & oversight teams existing and potential
• Fund Trustee & depositary
• Fund Auditors
• Fund Custodians
Requirements
Essential:
• Strong awareness of trade lifecycle, NAV production and oversight and general fund accounting principles
• Solid numerical and analytical skills
• Proficient with Microsoft Excel
• Ability to work to deadlines
• Time management and planning skills
• Responsible, reliable and accountable
• Engaging and communicative
• Flexible approach to work
• Strong team player
Desirable:
• Experience of HiPortfolio / pControl
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank's strategy, commitment, work ethic, integrity and Code of Conduct).
A bit more about why you should join us
1. We're a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
• Generous holiday allowance of at least 26 days (plus bank holidays) with option to buy and sell holidays.
• Valuable financial plans a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
• Extensive wellbeing and mental health offering one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accreditedMenopause Friendly Employer), neurodiversity assessment and support.
• Key onsite services and facilities in Scotland include free monthly massage and yoga, mental health first aiders and seasonal flu vouchers.
• Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
* Subject to relevant caps
2. As the eurozone's largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
• Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
• Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don't want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you'd benefit from some adjustments or additional support, please let us know as early in the process as possible.
#LI-Hybrid