Credit P&l Controller - Montréal, Canada - BNP Paribas

BNP Paribas

Verified Company

Montréal, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

CREDIT P&L CONTROLLER (

JOB NUMBER:
OPS AA)

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2024.

We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future.

Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

The position at a glance

Product Control overview:

Fully integrated in the IT and Operations ("ITO) department, Product Control covers a large panel of operational activities aiming to monitor the life cycles of the trades.

It starts from the portfolio creation for trade booking, the trade booking itself, the monitoring of the events associated to the trades, the P&L calculation, explanation and validation on a day-to-day basis as well as the monitoring of the trading activity, ensuring that the traders mark their books to fair value prices.

It also encompasses the confirmation of trades with counterparties.

P&L Controller Overview:

In detail

P&L Controller Responsibilities:
Department Objectives

The preparation and supervisions of daily and monthly management revenues for the Rates and Credit activity and their reconciliation with the estimates of the traders and with the financial accounts
Analysis and reporting of daily P&L with detailed Greek breakdown for multiple products including futures, options, interest rate derivatives and Structured Products
Reconciliation of PnL to Front office estimates with detailed Greeks and New deal breakdown
Ensuring the pricing configuration complies with trading strategy and internal controls, collaboration with V&RC and Risk required to enforce consistency
Analysis, understanding and commentary on PnL using analytical tools
Working with front office and trade support and other parts of the middle office to resolve operational and booking issues
Working with front office and market risk to finalize month end PnL validating Map and Reserves at the trading book level
Collaboration with Risk to evaluate and explain cash and PV movements above established thresholds to facilitate risk reporting
Ensuring the MTD management P&Ls are consistent with the final end of month general ledger P&L
Lead new systems deployment which is not limited to being part of TAC/NAC, gathering requirements, testing UAT database, ensuring results match expectations and reporting impacts
Discussing and reviewing trading P&Ls with management
Continuously improving controls
Continuously improving efficiencies

Support for Front Office and Other Internal Stakeholders

Liaise with trading floor personnel and ensure a satisfactory resolution of all FO inquiries
Interact with Operations functions and other infrastructure groups to support a 'one team approach'
Strive to meet or surpass the service level agreement
Manage deadlines and objectives

Communication

Ensure timely and efficient dissemination of data and the resolution of inquiries
Identify and escalate time / risk sensitive issues to the team supervisor
Cohesively explain and maintain own position, logically, in light of differing views

Culture

Focus on the needs of the business
Act with integrity, accepting responsibility for actions
Recognize opportunities for creativity and development of processes
Achieve a sensible work/life balance.

Applicable to All

Ensure the business area conducts its activity in accordance with all relevant external regulators and internal policies.

The strengths and skills that will help you succeed

Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Knowledge in english is required.

Minimum Required Qualifications:

Bachelor's degree or equivalent required
4 years of previous experience in P&L Control, Financial Control, or a Middle Office environment including 2+ years in P&L Controller role
Superior attention to detail and accuracy
Strong interpersonal and communication skills a must
Ability to work in a fastpaced environment
Strong Excel & PC skills with proven ability to work with multiple systems
Spirit of continuous improvement
Display good relationship qualities, team spirit, and ability to work across teams
Fluency in financial markets
Solid understanding of the of following products: Loans & Deposits, FX Products, Interest Rate Swaps, Bonds, Repos, CDS, CDX, Equity Derivatives and Listed Derivatives.
Knowledgeable of the Greeks

Preferred Qualifications:

Graduate degree in Finance, Math or Engineering or other quantitative disciplines
Working knowledge of Programming languages such as VBA, SQL & Python
Experience in pricing, valuation or hedging of derivatives

FINRA Registrations Required: