In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2025. 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.
ALMT P&L Controller Overview:
This position is for a P&L controller supporting and controlling the ALMT business in New York, Mexico and Montreal. ALMT NA serves the bank’s business lines for North America by providing funding to meet their cash requirements as well as placing their cash surpluses. The selected candidate will be part of the Global Markets & AMT P/L team that is the responsible for the production of the Official Economic P&L.
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.
In detail
P&L Controller Responsibilities:
Department Objectives
- The preparation of daily and monthly management revenues for ALM Treasury, and their reconciliation with the estimates of the traders and with the financial accounts
- Ensuring the Economic P&L is correct at the most granular level (Deal level or P&L Explain effect level when relevant).
- Informing FO trading of any issue or adjustment having an impact on FO risks or on Cash management.
- Responsible for maintaining an Audit Trail of all reconciliations, adjustments, FO sign-offs and MO P&L validations
- Analysis and reporting of daily P&L with detailed breakdowns for multiple products including repo, loan and deposits, treasuries, listed derivatives, FX and IR swaps.
- Reconciliation of PnL to Front office estimates (when available) with detailed breakdown of P&L drivers
- Contribution to resolution of Back-office ledger vs. P&L systems breaks
- 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
- Participation in business development initiatives across BNP Paribas support functions and locations
- Ensuring the MTD management P&Ls are consistent with the final end of month general ledger P&L
- Discussing and reviewing trading P&Ls with management
- Work closely with Finance to address Economic/Finance P&L breaks
- Ensure timely and efficient dissemination of data and the resolution of inquiries
- Identify and escalate time / risk sensitive issues
- Cohesively explain and maintain own position, logically, in light of differing views
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.
Work conditions: This position provides for standard working conditions in an office and a normal work schedule from Monday to Friday. This position requires little travel.
The strengths and skills that will help you succeed
Minimum Required Qualifications :
- Bachelor’s degree or equivalent required
- 2 to 4 years of previous experience in P&L Control, Finance, Trade Support, Valuations, Risk, or Front Office environment including knowledge of P&L Control covering ALMT or Fixed Income Business
- Working Knowledge of the following financial products: Loans & Deposits, FX Products, Interest Rate Swaps, Bonds, Repos, and Listed Derivatives
- Strong Excel & PC skills with proven ability to work with multiple systems
- Knowledge of the English language is required
- Superior attention to detail and accuracy
- Strong interpersonal and communication skills a must
- Ability to work in a fast-paced environment
- Spirit of continuous improvement
- Display good relationship qualities, team spirit, and ability to work across teams
- Ability to work in a fast-paced environment and to consistently meet deadlines
- Attention to detail and accuracy is imperative
Preferred qualifications:
- Working knowledge of Programming languages such as VBA & Python
- Graduate degree in Finance, Math or Engineering or other quantitative disciplines
- Previous experience in P&L
- Fluency in financial markets
- Experience in pricing, valuation or hedging of derivatives
- Experience with Fair Value Hedging methodologies (Interest Rate hedging, currency hedging, etc.)
- Working Knowledge of best practices related to funding methodologies, cost of carry analysis, or other cash management related functions.
- Working knowledge of liquidity P&L computation including balance sheet value at risk and liquidity transformation for cash products.
FINRA Registrations Required:
Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Knowledge of the English is required.
What’s in it for you
In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements are available for most positions. In-office presence is required a minimum of 3 days per week, one of which must be on a Monday and/or a Friday. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.
To find out more about our range of benefits, click here
What you need to know
- We will review candidates as they apply, so don’t wait to submit your application;
- BNP Paribas is committed to accessibility and inclusion. During the recruitment process, accommodation needs are available at all times for candidates. You will have the chance to make a request for an accommodation during your application.
- You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position;
- If you are applying and accepted to a position which requires working in/for the U.S. securities industry, you will be required to provide your fingerprints and undergo additional background checks by the FBI. BNP Paribas Securities Corporation is required to maintain a supervisory program over the conduct of its Associated Persons; some of your personal data will be transmitted to the United States of America and made available to US regulators. Please reach out to BNPP for additional information; or you can also find an overview here: 3110. Supervision FINRA.org
Diversity, Equity and Inclusion (DE&I) at the heart of our commitments
At BNP Paribas all employees are on an equal footing allowing us to create a work environment that values and respects people for their talents, skills and competences.
BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).
To learn more about our DE&I commitments, click here
About us
BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 63 countries, with more than 180,000 employees, the bank holds key positions in several areas of banking and financial services.
BNP Paribas’ mission is to contribute to a responsible and sustainable economy by financing and advising its clients according to the highest ethical standards, while striving to respond to essential concerns in terms of the environment, regional development and social inclusion.
Since 1961, BNP Paribas has supported large Canadian companies and institutions in their business development by offering a full range of specialized financial services and investment products.
With over 1,400 employees, BNP Paribas in Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.
Our certifications and partnerships
- Montreal’s Top Employers 2025
- Canada’s Best Diversity Employers 2025
- Women in Governance – Parity certified - Platinum certification
- Pride at Work Canada
- Part of Les Affaires top 300 companies in Quebec
- Synclusiv
- Ready, Willing and Able
- Autisme sans Limites
- LinkedIn Top Companies 2024
Do you want to discover other BNP Paribas offers in Canada?
Click here: BNP Paribas in Canada Our job offers
*** While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted***
