Job Description – Product Controller

About BNP Paribas Group:

BNP Paribas is a top-ranking bank in Europe with an international profile. It operates in 71 countries and has almost 199 000 employees. The Group ranks highly in its three core areas of activity: Domestic Markets and International Financial Services (whose retail banking networks and financial services are grouped together under Retail Banking & Services) and Corporate & Institutional Banking, centred on corporate and institutional clients. The Group helps all of its clients (retail, associations, businesses, SMEs, large corporates and institutional) to implement their projects by providing them with services in financing, investment, savings and protection. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas enjoys leading positions in Europe, a strong presence in the Americas and has a solid and fast-growing network in the Asia/Pacific region.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, a leading bank in Europe with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 6000 employees, to provide support and develop best-in-class solutions.

About Businessline/Function :

Global Market Operations also known as COCE (Client Operating Center of Excellence) is further divided into 4 departments i.e. Trade Processing & Support, PnL, Client Management & Change Management. Product Control in the wider market outside of BNP is Middle Office. Product Control consists of streams like Documentation & Reconciliation, Trade Support, P&L & Trading Portfolio & controls. Product Control teams are in regular contact with Market Front Office, Regional Back Office’s and Regional Finance & other support teams for their BAU.

Job Title:

Associate Level 1 / Senior Associate

Date:

2022

Department:

Product control - Stream 6

Location:

Mumbai/Bengaluru

Business Line / Function:

COCE Product Control / PnL

Reports to:

(Direct)

Head of Team

Grade:

(if applicable)

NA

(Functional)

Number of Direct Reports:

NA

Directorship / Registration:

NA

Position Purpose

  • Provide a daily Economic, Step Reval and Risk Based PNL to each desk and to the Bank’s management.
  • Ensure that the PNL is calculated from the reference positions and that these positions are real and checked.
  • Escalate any unusual P&L to the desk and management that may indicate a wrong position or transaction in the FO system.
  • Run all the required controls on key elements of the PNL
  • Document all exceptional PNL moves and adjustments for Management.

Responsibilities

Direct Responsibilities

  • Validate the official Economical P&L figures and the related P&L explains (market move, new deals, etc) and investigate the discrepancies with the Front Office Predict.
  • Review the P&L Explain in depth and correct wrong effect if no technical solution can be found to overturn the misallocation.
  • When possible, challenge and enhance existing processes.
  • Submit the P&L for Sign-off to the Traders.
  • Report, Comment and Validate the P&Ls into the Official Reporting tool
  • Ensure appropriate escalation to management as soon as an issue is identified.
  • Ensure high levels of ethics and professionalism are maintained both personally and in the team.

Contributing Responsibilities

  • Participate to global projects related to MO or P&L processes improvements.
  • Participate to local projects related to systems migrations.
  • Participate to the improvement of the productivity within the team by proposing initiatives

Technical & Behavioral Competencies

  • 2-4 years of working experience in related banking and finance fields.
  • Strong Equity products knowledge including its models and valuations
  • Competency with MS Suite, especially Excel
  • Communication Skills
  • Decision Making
  • Adaptability & Change Management:
  • Ability to develop and leverage networks
  • Ability to develop and adapt a process
  • Result oriented approach
  • Collaborate with remote teams

Specific Qualifications (if required)

Bachelor Degree / Chartered Accountant / CFA, FRM or equivalent

Skills Referential

Behavioural Skills:

Ability to collaborate / Teamwork

Critical thinking

Creativity & Innovation / Problem solving

Resilience

Transversal Skills:

Ability to set up relevant performance indicators

Ability to develop others & improve their skills

Analytical Ability

Ability to develop and adapt a process

Ability to understand, explain and support change

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 2 years

Other/Specific Qualifications (if required)

Bachelor Degree / Chartered Accountant / CFA, FRM or equivalent

               
Primary Location
IN-KA-Bangalore
Job Type
Standard / Permanent
Job
OPERATION PROCESSING
Education Level
Master Degree or equivalent (> 4 years)
Experience Level
At least 2 years
Schedule
Full-time
Reference
GLO005193

Découvrez les métiers de BNP Paribas : Gestion des opérations

Maillons indispensables au bon fonctionnement de notre Groupe, les métiers de Gestion des opérations visent à garantir la satisfaction de nos clientèles et de nos équipes au quotidien. Une activité stimulante, qui fait rimer efficacité et esprit d’équipe.

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Pourquoi je candidaterais ?

Pour quelles raisons je rejoindrais BNP Paribas et pas une autre entreprise ?

Parce que je souhaite...

  • Et si on vous disait que travailler dans notre Groupe, ce n’est pas ce que vous croyez ? Chez BNP Paribas, on exerce une multitude de métiers qui évoluent en permanence pour être en phase avec les attentes des clientes et clients comme de la société.

  • Se sentir bien dans son job, c’est avant tout venir travailler comme on est.  C’est aussi avoir les moyens d’un bon équilibre entre sa vie professionnelle et sa vie personnelle. Deux engagements majeurs pour BNP Paribas.

  • Chez BNP Paribas, le développement de vos compétences est essentiel, pour vous comme pour nous. Et cela vous servira pour toute votre vie professionnelle.

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