Credit P&L Controller

Job Description

Job Description

Departmental Objectives

• The preparation and supervisions of daily and monthly management revenues for the Rates and FXLM 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

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.

Minimum Required Qualifications :

• Bachelor’s degree or equivalent required
• 4 + years of previous experience in P&L Control, Finance, Trade Support, Valuations, Risk, or Front Office environment including 2+ years of P&L Control covering Fixed Income derivatives & hedges (Treasuries, Corporate Bonds, CDS, CDX,IRS, FRAs, Caps / Floors, Swaptions, and FX Products)
• 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

Preferred Qualifications :

• Working knowledge of Programming languages such as VBA & Python (strong preference)
• Graduate degree in Finance, Math or Engineering or other quantitative disciplines
• Previous experience in Fixed Income P&L
• Fluency in financial markets with an emphasis on Fixed Income
• Experience in pricing, valuation or hedging of derivatives
16 days ago