Job Description
About
BNP Paribas Group:
Worldwide, BNP Paribas has a presence in 74 countries
with more than 190,000 employees. It has key positions in its three main
activities: Domestic Markets and International Financial Services (whose
retail-banking networks and financial services are covered by Retail Banking
& Services) and Corporate & Institutional Banking, which serves two
client franchises: corporate clients and institutional investors. In Asia
Pacific, BNP Paribas is one of the best-positioned international financial
institutions with an uninterrupted presence since 1860. Currently with over
15,000 employees* and a presence in 14 markets, it provides clients with
product and service solutions tailored to their specific needs, and continues
to develop its franchise in the region.
About
BNP Paribas India Solutions:
Established in 2005, BNP Paribas India
Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank
in Europe with an international reach. With delivery centers located in
Mumbai and Chennai, we are a 24x7 global delivery center. We partner various
business lines of BNP Paribas such as Corporate and Institutional Banking,
Wealth Management, Retail Banking through three verticals - Information
Technology, Operations and Finance Shared Services.
About
Business line/Function :
Global Market Operations (GMO) covers Front
Office activities such as ALM/Treasury and Fixed Income local booking. GMO
consists of various streams, Control and Investigations, Settlement,
Collateral and Reconciliation. GMO teams are also in regular contact with
Capital Market Middle Office, Regional Back Office’s and Regional Finance.
Job
Title:
EQD P&L analyst
Department:
Product Control
Business
Line / Function:
ITO / ITO – Global
Markets
Position
Purpose
•
Provide a
daily Economic, Step Reval and Risk Based PNL to each desk and to the Bank’s
management.
•
Ensure that
PNL is accurate and complies with the EQD Business line methodology. 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.
Key
Responsibilities
Produce accurate daily analysis of P&Ls to
Trading desks and bank's management. This includes the 3
different P&L
analysis required by the internal Valuation Policy and Regulators:
•
Economic
P&L (cash + PV) for Management and Accounting P&L reconciliation
(performed by Finance)
•
Step Reval
P&L for VaR back-testing feeds and contribution to Regulatory ratios
(used in the Dodd Franck and French Banking Law ratio calculations) Risk based P&L to validate the FO risk and
models.
•
Responsible
for daily and monthly controls on key elements (positions, market data,
adjustments, reserves) and liaise with internal departments in case of
issues.
•
Perform FO/MO
reconciliations between Trading P&L estimations at T and Official MO
P&L at T+ 1 and both explain and investigate P&L breaks to FO if any.
•
Adjust the
P&L if necessary to secure correct P&L reporting and document each Monitor daily Funding and fees.
•
Interact
daily with traders to explain the results of their P&Ls and seek their
daily sign-off.
•
Report,
Comment and Validate the P&Ls into the Official Reporting tool Monitor and reconcile monthly R-IM and V&RC
reserves during EOM process.
•
Active follow
up on updating documentation.
•
Organize a
monthly meeting with trading to go through all P&L issues during the last
month.
•
Escalate
issues to management on the fly and via Orus.
•
Confirm PV to
collateral management.
Contribute to:
•
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
Competencies
(Technical / Behavioral)
•
Strong Equity
derivatives products knowledge including its models and valuations and/or
strong P&L expertise on other Capital Market products (Rates/FX/Credit
etc…)
•
Self-discipline
and strong autonomy: The candidate must be a self-starter who should be able
to work on its own with little supervision. Analytical
mindset and Attention to detail: Aptitude and desire to understand financial
pricing models.
Ability to notice any abnormal processes and PNL
figures.
•
Innovation
and initiatives: Demonstrate willingness to constantly improve the status
quo.
•
Understand
the processes in place and evaluate if needed alternative options to do
things better (cost - benefits / ROI approaches). Think “outside the box”.
•
Adaptability:
Ability to adapt to new situations (new booking systems, new products, new
activities to manage…)
•
Client Focus:
Capacity to work with various clients. Act as partnership with them.
•
Escalation
process / Reporting: Internal rules of reporting and escalation to Finance,
MO, and FO are known & applied
Specific
Qualifications Required
•
A Master
degree is required, preferably in Economics or Mathematics.
•
Master Excel
– Programming skills on VBA-Macros is required.
•
Understanding
of Derivative Products Pricing methodology and Risk Based P&L
•
5 Years prior
experience in Product Control team involving Derivatives Products.
Skills and competencies
•
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
Skills
Referential
Behavioural
Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Critical thinking
Creativity & Innovation / Problem solving
Resilience
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Ability to develop and leverage networks
Analytical Ability
Ability to manage / facilitate a meeting, seminar,
committee, training…
Ability to set up relevant performance indicators
Education Level: Master Degree or equivalent
Experience Level At least 5 years
Other/Specific
Qualifications (if required)
Job Description
About BNP Paribas Group:
Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, it provides clients with product and service solutions tailored to their specific needs, and continues to develop its franchise in the region.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services.
About Business line/Function :
Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists of various streams, Control and Investigations, Settlement, Collateral and Reconciliation. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance.
Job Title:
EQD P&L analyst
Department:
Product Control
Business Line / Function:
ITO / ITO – Global Markets
Position Purpose
• Provide a daily Economic, Step Reval and Risk Based PNL to each desk and to the Bank’s management.
• Ensure that PNL is accurate and complies with the EQD Business line methodology. 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.
Key Responsibilities
Produce accurate daily analysis of P&Ls to Trading desks and bank's management. This includes the 3
different P&L analysis required by the internal Valuation Policy and Regulators:
• Economic P&L (cash + PV) for Management and Accounting P&L reconciliation (performed by Finance)
• Step Reval P&L for VaR back-testing feeds and contribution to Regulatory ratios (used in the Dodd Franck and French Banking Law ratio calculations) Risk based P&L to validate the FO risk and models.
• Responsible for daily and monthly controls on key elements (positions, market data, adjustments, reserves) and liaise with internal departments in case of issues.
• Perform FO/MO reconciliations between Trading P&L estimations at T and Official MO P&L at T+ 1 and both explain and investigate P&L breaks to FO if any.
• Adjust the P&L if necessary to secure correct P&L reporting and document each Monitor daily Funding and fees.
• Interact daily with traders to explain the results of their P&Ls and seek their daily sign-off.
• Report, Comment and Validate the P&Ls into the Official Reporting tool Monitor and reconcile monthly R-IM and V&RC reserves during EOM process.
• Active follow up on updating documentation.
• Organize a monthly meeting with trading to go through all P&L issues during the last month.
• Escalate issues to management on the fly and via Orus.
• Confirm PV to collateral management.
Contribute to:
• 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
Competencies (Technical / Behavioral)
• Strong Equity derivatives products knowledge including its models and valuations and/or strong P&L expertise on other Capital Market products (Rates/FX/Credit etc…)
• Self-discipline and strong autonomy: The candidate must be a self-starter who should be able to work on its own with little supervision. Analytical mindset and Attention to detail: Aptitude and desire to understand financial pricing models.
Ability to notice any abnormal processes and PNL figures.
• Innovation and initiatives: Demonstrate willingness to constantly improve the status quo.
• Understand the processes in place and evaluate if needed alternative options to do things better (cost - benefits / ROI approaches). Think “outside the box”.
• Adaptability: Ability to adapt to new situations (new booking systems, new products, new activities to manage…)
• Client Focus: Capacity to work with various clients. Act as partnership with them.
• Escalation process / Reporting: Internal rules of reporting and escalation to Finance, MO, and FO are known & applied
Specific Qualifications Required
• A Master degree is required, preferably in Economics or Mathematics.
• Master Excel – Programming skills on VBA-Macros is required.
• Understanding of Derivative Products Pricing methodology and Risk Based P&L
• 5 Years prior experience in Product Control team involving Derivatives Products.
Skills and competencies
• 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
Skills Referential
Behavioural Skills: (Please select up to 4 skills)
Ability to collaborate / Teamwork
Critical thinking
Creativity & Innovation / Problem solving
Resilience
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Ability to develop and leverage networks
Analytical Ability
Ability to manage / facilitate a meeting, seminar, committee, training…
Ability to set up relevant performance indicators
Education Level: Master Degree or equivalent
Experience Level At least 5 years
Other/Specific Qualifications (if required)
