Head of Shoken Financial Accounting

June 25, 2024

Head of Shoken Financial Accounting


  • Permanent
  • JP-Tokyo
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Position Purpose

CIB Finance Japan is committed to be a valued Business Partner to the Métiers and other Functions in their daily business activities and development plans by providing them with timely and high quality financial information to make informed business decisions to effectively achieve their strategic goals.

In CIB Finance, Financial Reporting team is in charge of:

  • Managing the accounting closing of Securities company and Bank branch
  • Review of Head Office Reporting under IFRS performed by Regional Finance
  • Local regulatory reporting under broker dealer and banking license
  • Local statutory reporting under JGAAP
  • Tax computation and support for tax filing
  • Financial analysis, monitoring of revenue and costs including internal reporting for the entity
  • Define accounting treatment for new products
  • Maintaining sound permanent operational control systems.

·       Monitor prudential capital ratio and liquidity (relevant to BNPP Securities Japan only), and submit financial information to the supervisory authorities.

Fostering a culture of active collaboration and communication with the Business and other Functions.

Direct Responsibilities

As Head of Shoken Financial Accounting team, responsible for financial accounting of BNPP Securities Japan by

  • Reviewing monthly/annual book closing and daily general ledger maintenance
  • Supervising the preparation of local statutory reports and audit reports
  • Ensuring proper reconciliation and adjustments for month-end closing with the team
  • Ensuring accurate and timely Transfer Pricing validation and split calculation with by the tea
  • Performing various controls built within the accounting and reporting processes, and contribute to the application of BNPP accounting control plan
  • Ensuring proper documentation of procedures and controls are in place
  • Maintaining daily/monthly net capital ratio at sufficient level with facing off business
  • Ensuring accurate and timely submission of local regulatory reports including liquidity reports
  • Assessing impacts of new products/trades from accounting and regulatory capital perspective
  • Corresponding with external/internal auditors and regulators
  • Providing financial analysis and presentation to the CFO and stakeholders including cost and revenue monitoring/analysis/reporting by business 
  • Driving enhancements and operational process improvements in production, control procedures, and workflow organization to increase efficiency and effectiveness
  • Handling adhoc requirements on financial accounting
  • Managing and leading entire team including task assignment/coordination, setting objectives and  monitoring the progress
  • Managing and motivating people with continuous feedback and annual appraisal
  • Leading staff for successful completion of the new tasks and projects/initiatives

Contributing Responsibilities

  • Ensuring good coordination and communication with the CIB Finance teams in the Region
  • Contributing to BNPP operational permanent control framework and the Department’s efficiency and productivity
  • Contributing to cross border / company‐wide / ITO projects
  • Sharing information with other sections for efficiency of their operation

Essential Qualification and Experience

  • Minimum 10 years of experience in financial accounting and reporting in broker dealer business
  • Minimum 3 years of experience in managing teams
  • Strong accounting knowledge of IFRS,JGAAP, and tax accounting rules
  • Strong understanding of broker dealer products and business
  • Native in Japanese and business level verbal and written communication skills in English
  • Excellent computer skills, especially in advance Excel to manage large volume of data

Highly Desirable Skills

·       Self-starter, disciplined, independent, and highly motivated

·       Eager to learn and strong initiative to improve controls, documentation and efficiency

·       Collaborative and aspire to contribute to team and organization

·       Analytical skills with systematic approach to solve issues and interpret financial information

·       Deadline focused, with the ability to manage multiple deadlines under time pressure

·       Presentation to management on accounting and reporting topics

·     Sufficient understanding of financial and operational risk control requirements to ensure that financial systems in place are compliant and continuously monitored

Specific Qualifications

·         CPA or equivalent qualification