Investment Accounting Analyst (partially based in Saudi Arabia)

BNP Paribas
United Kingdom
17 Sep 2020
17 Oct 2020
Job role
BNP Paribas Securities Services is a multi-asset servicing specialist with local expertise in 35 markets around the world and a global reach covering 90+ markets. This extensive network enables us to provide our institutional investor clients with the connectivity and local knowledge they need to navigate change in a fast-moving world.

As of 30 September 2019, BNP Paribas Securities Services had USD 11.491 trillion in assets under custody, USD 2.759 trillion in assets under administration and 10,491 funds administered.

This role will initially be based in the UK, however subject to travel restrictions and visa permits being secured the post holder will be based in Saudi Arabia.

Department purpose / objectives

The Fund Accounting Department comprises a number of different functions in the administration of Asset Manager and Asset Owner clients.

The Asset Owner Investment Accounting department exists within the Fund Accounting Department to provide a timely and accurate Valuation and reporting service and a direct client relationship link to our Pension, Insurance and Sovereign Wealth Clients.

Purpose & Scope of the position

This role is responsible for providing project support and assistance to ensure the successful build out of the Investment Accounting Service as part of Project Taawun (Taawun is Arabic for collaboration).

The role will be provided out of the UK but based in Saudi Arabia working directly within the Client offices to help embed technical knowledge and ensure the appropriate alignment of the local Client structure to support the Investment Accounting service within the region.

Key Responsibilities:

Operational Excellence

  • Working directly with the Client to establish and embed technical knowledge through training of their accounting team
  • Input to developing the structure, process and controls for the Client Investment Accounting service
  • Provide technical knowledge on Investment Accounting reporting on the content of data and requirements for the data set
  • Day to day production contact with internal operational and accounting teams
  • Develop key relationships across a range of internal stakeholders
  • Facilitate service delivery support across local BP2S Investment Accounting and Client accounting team where required with potential oversight role
  • Onsite support to ensure efficient query management protocol
  • Assist and support Investment Accounting team where required to ensure client and internal change is implemented with no detrimental impact to client service delivery
  • Be the key Investment Accounting workstream contact to the local Project Manager and relevant working groups setup to deliver the project.
  • Provide Investment Accounting workstream key deliveries to support the work required to deliver to the project timeframes.
  • Provide regular feedback to local project and production team on service expectations
  • Be a subject matter expert across the end to end production cycle
  • Ensure a high level of client service is delivered at all times
  • Build strong, professional relationships with Client and act as ambassador for BNP Paribas
  • Participate in project and client calls

    Risk and Control

  • Providing project support to ensure successful on-boarding of local activity
  • Sharing expertise and experience across Investment Accounting service deliverables and reporting output to help Client build strong governance framework
  • Develop personal skillset to provide on-going technical training across the product and services
  • Assist in development of process and control framework to support ongoing governance across the Client Investment Accounting service
  • Provide best practice guidelines
  • Timely escalation of any potential issues to Management
  • Support the continuous assessment of team processes and controls to improve efficiency, controls and reduce risk where necessary
  • Support Client accounting team to ensure all activities are documented within checklists and procedures and ensure operational updates are captured where required

    Client Focus

  • Work closely with all stakeholders (internal and external) of the Investment Accounting service in managing responses to Clients, Auditors, Depositary, Custodians and Investment Managers where necessary

    Skills and Experience Required

  • Experience of Asset Owner fund servicing model and unitised fund pricing
  • Experience of Hiport Investment System and/or General Ledger
  • Highly computer literate with strong excel skills

  • Broad understanding of international markets and asset transaction processing including derivatives, asset creation and pricing, on and off markets trade capture, corporate action and income
  • Knowledge of daily and period end Investment Accounting reporting an advantage
  • Knowledge of technical IT infrastructure an advantage
  • Experience of Pension fund administration
  • Possess high level of numerical skills and investment operation/accounting knowledge

    Required Competencies:
  • Ability to work under pressure and to multiple tight deadlines
  • Flexible and adaptable approach to work
  • Excellent communication and interpersonal skills
  • Fund accounting and/or middle office operational experience
  • Solid numerical and analytical skills
  • Strong time management and planning skills
  • Strong team player
  • Takes initiative
  • Excellent attention to detail
  • Responsible, reliable and accountable
  • Experience in working in project based delivery environments.

    Equal Opportunities

    BNP Paribas promotes equality of opportunity and is committed to ensuring that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation.

    As an employee with BNP Paribas Securities Services, we want to make sure that you are rewarded for your commitment. As such, you will be entitled to our award winning benefits package which includes a generous holiday allowance of at least 34 days (including bank holidays), a non-contributory pension of 9%, private healthcare and GP service all as standard, along with a number of personal insurances such as income protection, life assurance and personal accident insurance. We believe in ensuring all our employees have a positive work life balance and so in addition to the core benefits you will also have access to a variety of flexible lifestyle benefits including dental cover, childcare vouchers, cycle to work schemes, season ticket loans and reduced cinema and gym membership to name a few.


    Primary Location: United Kingdom
    Job Type: Fixed Term
    Education Level: Not indicated
    Schedule: Full-time
    Reference: FUN000592
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