Fund Accounting Business Change

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
* excluding partnerships
BNP Paribas offers you an exciting career in an international business environment that is fast-paced, diverse and focuses on creating high-value relationships with our clients. We offer competitive salary and benefits, as well as a working environment where you're valued as part of the team.
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Position Purpose
The purpose of this role is to manage and implement business change initiatives within the Fund Accounting department, including new fund launches, mergers, and IT/non-IT changes. The successful candidate will project manage FA set ups, conduct business analysis, and ensure effective communication with stakeholders.
In addition to these primary responsibilities, the role also includes secondary responsibilities such as supporting the day-to-day operations of fund accounting, ensuring the accuracy of Net Asset Values (NAVs), and providing excellent client service, which are critical to the overall success of the Fund Accounting function.
Responsibilities
Direct Responsibilities Business Change Management

• Fund Accounting Business Implementation (FA BI) to manage FA BI events including New Fund Launches, Mergers, Share Class Creations and Fund Closures. This will include project managing the FA set ups with relevant teams and client interaction on Fund Accounting points which may include performance fees, swing pricing, mapping files, reporting, fee budgets etc. This will also include FA legal document review and ensuring relevant flows are in place.
• Business Analysis (BA) conducting detailed Business Analysis on FA changes. This will require an ability to analyse all aspects of a change and to detail these impacts and considerations in a clear and concise manner.
• Ensuring a good working relationship with the FA BI team in the IOC (International Offshore Centre). Utilisation of the FA BI project management tool Combo to raise requests, to manage and control pending FA BI events.
• Fund Accounting Business Change Management (FA BCM) IT changes to manage Client Change Requests and Business Change Requests related to IT changes. This will include writing technical documents such as PIDS, reviewing BRD's, completing UAT and ensuring successful implementation in Prod.
• Fund Accounting Business Change Management Non-IT changes to manage Client Change Requests and Business Change Requests related to non-IT changes. This may involve PMO related to changes such as organisational changes or reporting changes or FA service changes etc
• Project Management Conducting PMO related to FA changes. This may include completing project plans, RAID logs, action logs, chairing calls with all stakeholders and coordinating projects.
• Assist with the implementation of effective and efficient global processes and controls.
• Ensure good communication with the Head of FA BCM.
• Assisting the Head of FA Singapore to create a standard, scalable and cost-efficient production model.
• Drafting SLD/SLA with other BPSS locations for outsourcing or insourcing of services.
• Oversee and monitoring of activities and tasks stated in SLD/SLA are completed in an accurate and timely manner.
• Drafting the operating memorandum and SLA/OSL for the new client take on.
• Involve in any new client take-on and migration activities.
• Support the Head of FA Singapore in any global Fund Accounting operating model objectives
• Other ad-hoc duties may be required from time to time

Secondary responsibilities

• Review daily, weekly and monthly NAV funds in accordance with applicable Industry recommended accounting practices, accounting standard or specific constitutional documents.
• Work with the team of fund accountants and liaise with different support functions to ensure NAVs are delivered in a timely manner to meet the agreed KPIs.
• Provide accurate statistic data (KPIs etc...) on an as-scheduled basis and establish service excellence.
• Ensure NAV calculations are accurately prepared and in line with the BNPP operational and system procedural manual.
• Oversee and monitoring of operational activity performed by the fund accountants.
• Prepare operational and system procedural manuals to ensure that all operational risks are well under control and adequate for the day-to-day activities.
• Report and escalate operational or major incidents including any breach or error occurrences to the Management.
• Participate in regular operational meetings to review any client and new business requirements.
• Working pro-actively with Clients to resolve queries on action points relating to Fund Admin matters.
• Liaising and working with Fund Accountant to collate responses to Auditors to finalize the audit with the agreed timeframe.
• Participating in transition planning and testing to ensure new processes or system functionalities can meet clients' needs and requirements.

Contributing Responsibilities
Risk and Compliance:
Ensure the operating model in compliance with regulations, market infrastructure evolution and BNP Paribas internal control rules and meet compliance and regulatory obligations
Conduct:

• Adhere to the Code of Conduct and act accordingly internally, when facing clients and providers

Technical & Behavioural Competencies

• Experience with Multifonds accounting system required
• Thorough knowledge of FA business implementation events such as New Fund Launches.
• Good communication and interpersonal skills with external corporate clients and global stakeholders.
• Persistence / perseverance in achieving operational efficiency
• Good operational/technical skills in fund accounting and administration. Knowledge of fund investment type
• Thorough knowledge of performance fee methodologies, swing pricing, fee methodologies and product offerings.
• Knowledge of ETF's, Multi-manager, Multi-currency, Pooling, FOHF, debt funds / loan instruments and Structured products desirable.
• Good analytical and problem-solving skills to provide solutions
• Strong documentation skills
• Fluency in Business Mandarin is an added advantage

Specific Qualifications (if required)

• University degree/ post graduate degree in Finance or Accounting preferred
• Minimum 7 years in experience in Securities Services Fund Accounting or equivalent experiences

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