Assistant Manager- Equity - P&L Production and Explain - AMER

Job Title: Assistant Manager - Equity - P&L Production and Explain

Department: COCE Product Control

About Business line/Function: COCE Product Control

Position Purpose: 

The Prime brokerage 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. 

Responsibilities

Direct Responsibilities

• The preparation and supervisions of daily and monthly management revenues for the Prime brokerage activity and their reconciliation with the estimates of the traders and with the financial accounts
• 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 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
• Assist with the training and development of junior (analyst) members of the team
• Continuously improving controls
• Continuously improving efficiencies

Contributing Responsibilities

Trader Support & Customer Service

• 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’
• Resolve all issues / conflicts and 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.

Technical & Behavioral Competencies

• Strong working knowledge of P&L attributes/Greeks
• 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
• Possess Control mindset

Specific Qualifications:

• Bachelor/Masters Degree and or CA/CFA/FRM or equivalent
• At least 5-8 years of experience in Product Control - P&L domain

Skills Referential (Required knowledge, skills and abilities)

Technical Skills:

• • Skill 1
  • Skill 2
  • Skill 3
  • Skill 4
  • <Insert more skills as necessary>

Behavioral Skills: 

Education Level: Master Degree or equivalent

Location: Mumbai

About BNP Paribas Group:

BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About BNP Paribas India Solutions:

Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Union’s leading bank 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 10000 employees, to provide support and develop best-in-class solutions.

Commitment to Diversity and Inclusion

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.