Senior Accountant – Open Ended Fund Accounting recruitment

As a wholly-owned subsidiary of the BNP Paribas Group, BNP Paribas Securities Services is one of the highest-rated asset servicing banks in the industry. With us clients' asset are safe, their risk is mitigated and we give them access to expertise beyond asset servicing. We are one of the world's leading providers, with the expertise, track record and financial strength to continue building solutions for tomorrow. Influencing and understanding market change across our network is at the heart of delivering the expertise and solutions our clients need as they face the challenges of a changing world. We are committed to continuous investment in our global reach and solution breadth. Today BNP Paribas Securities Services has a local presence in 32 countries across six continents and a global custody network covering over 100 markets.

Department overview

The Open Ended Fund Accounting (OEFA) department provides fund accounting and administration services to asset managers. This includes statutory and financial statement reporting services for UK Open Ended Investment Companies and Unit Trusts and Luxembourg based SICAV's. In addition, the department also supports our NAV Pricing Team on a daily basis.

Role description

This role involves working closely with and reporting to the leader of a team of around 10 staff within the Open Ended Fund Accounting department effectively contributing to the successful delivery of agreed reporting requirements in accordance with our client service level agreements.

Key Responsibilities

Responsibilities associated with the role are summarised (but not limited to) those listed below:

Ensure allocated work is completed to appropriate standard and agreed deadlines

Preparation and review/sign-off of deliverables typically including:

Input to planning process to ensure KPI and other deliverables are met

Timely escalation of any issues to Team Leader

Training and development of other team members

Timely completion of internal team management information

Communication with Clients, Auditors, Trustees, Custodians and other departments within BNP Paribas Securities Services

Work with Team Leader to continually assess team processes to improve efficiency and reduce risk or cost

Participation in any change activity including the planning and implementation of fund launches, mergers and liquidations

Prepare / review procedure notes of significant activities

Maintaining training and continuing competency (TC)

Manage any ad-hoc projects as agreed with your Team Leader

Education and technical experience

Requirements for the role include:

Experience in related role

Significant experience in financial services administration and accounting

Knowledge of the authorised fund SORP (2005) and FSA regulations pertaining to Unit Trusts and Open Ended Investment.

The individual for this role is required to be threshold competent.

Obtaining TC status requires passing the following Investment Administration Qualifications:

Q1: IAQ - Introduction to Securities and Investments

Q2: IAQ - FSA Regulatory Environment OR Principles of Financial Regulation

Q3: IAQ - Collective Investment Schemes Administration