Head of Financial Synthesis (all genders)

BNP Paribas

Sep 28

Job
Full-time
Senior Level
Accounting & Tax
Banking & Finance

AI generated summary

You have 8+ years in Financial Synthesis, a relevant degree, strong change management skills, can collaborate across cultures, communicate effectively, and mentor others.
You will oversee management reporting, ensure data quality, lead financial analysis, coordinate HO reporting, drive process improvements, and develop team members' skills while managing internal controls.

Requirements

8 years+ successful experiences in Financial Synthesis, ideally in a multinational banking organization with a wide spectrum of financial activities and facing local/European Banking regulatory requirements & multiple accounting standards (e.g. French/German GAAP, IFRS, …).
Relevant Bachelor degree or higher in Finance/ Economic’s/ Business and preferably a Masters degree.
Identify and facilitate the need for change and the enhancements of processes.
Facilitate, manage and implement organizational, cultural changes and business transformation.
Work and collaborate with others: both within their own team and across different teams, within hierarchical and functional relationships or outside these relationships (in top-down, bottom-up and/or transversal relationships), in a project mode, with people from other cultures and businesses, integrating different interpersonal and working styles.
Give the appropriate level of information about their activities, to respect differing points of view and seek to build common ground with the diverse people and mindsets with whom he/she interacts.
Ensure the precision, accuracy and thoroughness of the information manipulated or delivered.
Accurately apply processes as they are defined.
Ensure the relevancy of the work done, the correct presentation of details and the full accomplishment of tasks, no matter how meticulous and precise the requirement.
Manage time, to plan, structure, prioritize and coordinate activities and resources effectively to reach objectives.
Plan and coordinate actions, activities, or resources, monitor progress and offer corrective actions when needed.
Assign responsibility to the appropriate individual or team and provide coordination, support and direction where required.
Ability to communicate clearly, articulately, and succinctly, both oral and written, in an organized way with the appropriate language and wording, according to the situations, the audience, the desired result, etc.
Presents with confidence, both to individuals and groups.
Gather, prioritize, and integrate large amounts of information, to process and simplify.
Break down complex ideas, processes and organizations and summarize/simplify them to make them accessible to the audience/target.
Encourage employees to make professional progress in their jobs by providing constructive feedback and identifying skills or attitudes to improve and/or leverage development plans.
Support, mentor, and coach others to develop their skills.

Responsibilities

Organize and supervise the Management Reporting
Oversee the production of Management Accounting figures and segmented reporting for all financial dimensions locally reported in line with central instructions.
Ensure the production of accurate, relevant and timely financial analysis to monitor performance vs reference periods of business units and support functions.
Coordinate the production of Actuals performance reports distributed to local management.
Ensure adequate data quality controls and necessary data corrections during closing.
Organize and supervise Head Office (HO) Reporting (Financial, liquidity and credit risk reporting)
Ensure adequate organization for HO Reporting.
Supervise the reporting production and provide guidance/support to the HO Reporting in delivery of timely and reliable reporting and analysis.
Lead/Coordinate the local implementation of new reporting required by HO and changes in reporting perimeter in the German Branch.
Ensure robust control set-up around HO reporting for financial and operational risk.
Steer data quality monitoring and issue investigation and resolution.
Perform review and validation of financial statements produced (IFRS, French GAAP, HGB) including analytical reviews that formalize controls performed.
Continuous improvement
Contribute to identifying operational process improvements in production, control procedures, and workflow organization to increase the team’s efficiency and effectiveness.
Lead/coordinate the upgrades/version releases reporting tools, as well as system amendments/enhancements required to facilitate new/modified reporting requirements.
Lead and organize internal Control
Internal/external audit: audit preparation and follow-up of recommendations, anticipation/role of alert to implement remediation in due time and avoid overdue recommendations.
Ensure that operational procedures are documented, updated, exhaustive, and compliant especially with respect to upper levels Finance Group procedures to be adapted locally.
Implement controls to mitigate the finance/regulatory and operational risks & ensure the data quality/transparency with the implementation and documentation of appropriate first level controls.
Lead and develop Financial Synthesis team members
Insist on a challenge and change mindset in the team with team members comfortable to challenge what they are doing/the data they are receiving and proposing ways to change and improve the processes/improve the data quality.
Develop technical and soft skills of team members.
Organize task allocation (BAU/Project) within the teams ensuring an efficient internal organization and resource management.

FAQs

What is the job title for this position?

The job title is Head of Financial Synthesis (all genders).

Where is this position located?

This position is located in Frankfurt am Main, Germany.

Who does the Head of Financial Synthesis report to?

The Head of Financial Synthesis reports to the CFO.

What are the main responsibilities of the Head of Financial Synthesis?

The main responsibilities include overseeing Head Office reporting, P&L Reporting, process optimization, and ensuring collaboration with various teams.

What is the required experience for applicants?

Applicants should have 8 years or more of successful experience in Financial Synthesis, ideally in a multinational banking organization.

What educational qualifications are preferred for this role?

A relevant Bachelor’s degree or higher in Finance, Economics, or Business is required, with a preference for a Master's degree.

Are there opportunities for team development in this position?

Yes, the Head of Financial Synthesis is responsible for leading and developing team members, emphasizing skill development and a change mindset.

Does BNP Paribas promote diversity in the workplace?

Yes, BNP Paribas values diversity and aims to select candidates in an unbiased and open-minded manner.

What kind of internal controls will the Head of Financial Synthesis be responsible for?

The Head of Financial Synthesis will lead internal control measures, ensuring operational procedures are documented and compliant with Finance Group procedures.

What benefits does BNP Paribas offer for this position?

Benefits include 30 days' holiday, flexible work arrangements, development opportunities, allowances for transportation, pension schemes, and health offerings.

How can candidates apply for this position?

Candidates can apply through the online portal; applications via email or paper are not accepted for data protection reasons.

Who can candidates contact for more information about the job?

Candidates can contact Janina Müller at (+49) 6971938080 or via email at recruiting.germany [at] bnpparibas (dot) com for inquiries.

BNP Paribas

The bank for a changing world

Finance

Industry

10,001+

Employees

1848

Founded Year

Mission & Purpose

more than 190,000 employees, including more than 145,000 in Europe. BNP Paribas holds leading positions in its three major operating divisions: ⚆ Commercial, Personal Banking & Services for all the Group’s retail banking networks and several specialised businesses, including BNP Paribas Personal Finance and Arval; ⚆ Investment & Protection Services for savings, investment and protection solutions; ⚆ Corporate & Institutional Banking, which is focused on corporate and institutional clients. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and Investment & Protection Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.