The bank for a changing world

Assistant Vice President - Equity Derivatives P&L Controller


Standard / Permanent


US-NY-New York

Job function




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
  • Close liaison with the trading floor to ensure the timely and efficient resolution of trader queries.
  • Liaise with other Operation functions and other infrastructure groups to support a ‘one team approach’.
  • Take an ‘can-do’ approach to enhance relationships
  • Resolve all issues / conflicts in a timely and customer orientated fashion
  • Adhere to deadlines and objectives
  • Clear and concise communication with all teams to ensure the timely and efficient dissemination of information and the resolution of queries arising, including escalation of issues to the team manager.
  • Ability to gather information from a broad range of sources and disseminate appropriately.
  • Where appropriate, ability to maintain and explain own position using logic in the light of differing views. 
  • Focus on the needs of the business
  • Respect and value each team member’s contribution
  • 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.

  • Working knowledge of Financial markets products:  Stock, future, options, equity, variance & correlation swaps, interest rate derivatives and Structured Products
  • Knowledge of financial markets with emphasis on Greek explanations
  • Degree in Engineering, Mathematics or Finance preferred. 
  • 2+ years of P/L, valuation, risk or trade support experience preferred.
  • Strong Excel/PC skills with proven ability to work with multiple systems
  • Drive for continuous improvement of current processes is essential
  • Strong interpersonal and communication skills is a must
  • Ability to work in a fast paced environment and exposure to Front office / Trading Desks is essential
  • Ability to consistently meet or beat deadlines
  • Attention to detail and accuracy is imperative
  •  Experience in the following is a plus:
    • Working knowledge of pricing, valuation, or hedging of derivatives
    • Working with pricing tools and updating pricing configurations
    • Project management experience deploying new systems and working with migrations
    • Automation of current processes utilizing VBA
    • Working with IT to deploy technology solution to reduce errors and save time
    • Knowledge of SQL to query database to extract deal level details for break analysis