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Equity Derivatives P&L junior Controller

Type de contrat

Standard / Permanent

Localisation

CA-QC-Montréal

Country

Canada

Métier / fonction

FINANCE ACCOUNTS ET MANAGEMENT CONTROL

Postuler REF: FIN-220818-003-LS
Business Overview:
 
The Equity Derivatives business has a substantial trading presence in Asia, Europe, and New York. This position is for a P&L controller supporting and controlling these businesses in New York. The selected candidate will be part of the Global Markets P/L team which produces daily P/Ls and Explains for dedicated trading desks.
The role will encompass daily P&L responsibilities and the successful candidate will need to fully understand and explain the key P&L drivers. The individual will be required to establish effective working relationships with both Front Office and other areas of support. (E.g. Trade Support, VR&C, Market Risk, Finance & IT) - allowing for an integrated and proactive approach to the business’ requirements, understanding the lifecycles of the products traded and the systems and reporting mechanisms required to enable full control and accurate and appropriate information to be supplied. The Individual will join a “split team” organization with team members located in both Montreal and NewYork City, under a functional management located in New York.  
 
 
P&L Controller (ANL) Responsibilities:
 
Departmental Objectives
  1. The preparation and supervisions of daily and monthly management revenues for the Equity activity and their reconciliation with the estimates of the traders and with the financial accounts
  2. The participation in business development initiatives across BNP Paribas support functions and locations
  • Analysis and reporting of daily P&L with detailed Greek breakdown for multiple products including futures, options, equities, variance & correlation swaps, interest rate derivatives and Structured Products
  • Reconciliation of PnL to Front office estimates with detailed Greeks and New deal breakdown
  •   Resolution of PV breaks between client/ counterparty settlement amounts and P&L control estimates
  • Substantiation and resolution of Back office ledger vs. P&L systems cash breaks on a daily basis
  • 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 part 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
  • Monitoring the FX exposure of the group to analyze and report deviations from the mean
  • 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
     
    Trader Support & Customer Service
  1. Liaise with trading floor personnel and ensure a satisfactory resolution of all FO inquiries
  2. Interact with Operations functions and other infrastructure groups to support a ‘one team approach’
  3. Resolve all issues / conflicts and strive to meet or surpass the service level agreement
  4. Manage deadlines and objectives
     
    Communication
  5. Ensure timely and efficient dissemination of data and the resolution of inquiries
  6. Identify and escalate time / risk sensitive issues to the team supervisor
  7. 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.

Minimum Required Qualifications:
 
  • Bachelor’s degree or equivalent required
  • 1-3 years of previous experience in P&L Control, Financial Control, or a Middle Office environment
  • Superior attention to detail and accuracy
  • Strong interpersonal and communication skills a must
  • Ability to work in a fast paced environment
  • Ability to work as part of a team in a “split team” organization
  • 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
Preferred Qualifications:
 
  • Graduate degree in Finance, Math or Engineering or other quantitative disciplines
  • Fluency in financial markets with an emphasis on Equities
  • Working Knowledge of some of the following Equity Derivative products: Structured Products, Equity Swaps, Variance Swaps, and Dispersion Swaps
  • Knowledgeable of the Greeks
  • Working knowledge of Programming languages such as VBA, SQL & Python
  • Experience in pricing, valuation or hedging of derivatives
Primary Location: CA-QC-Montréal Job Type: Standard / Permanent Job: FINANCE ACCOUNTS ET MANAGEMENT CONTROL Education Level: Bachelor Degree or equivalent (3 years) Experience Level: At least 3 years Schedule: Full-time
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