Credit Derivatives & G10 Rates P&L Controller Job at BNP Paribas – in Montréal, QC
At BNP Paribas Canada, it is our employees which make the difference… Our 75 nationalities are part of our diversity!
Do you like challenges, a structured framework, the prospect of optimizing and innovating? You are known for your originality and want a certain freedom to think while sharing your knowledge and ideas?
… Come help us contribute to the growth of our Canadian platform!
You will benefit amongst other things from:
Access to social volunteer and recreational programs, via our many Employee Resource Groups (ERGs)
Opportunities for career development through active internal mobility and our innovative training program: Canada Academy
A brand new workspace, flexible, comfortable and easily adaptable to your needs: remote work opportunities, standing desks, innovation lab., open meeting rooms and spaces
The Credit & Rates P&L Team provides a robust and dedicated support to the PCM & G10 Rates Global Business Lines. The position is as a Montreal based Product Controller / P&L Analyst supporting the PCM and G10 Rates activity traded out of New York. The selected candidate will report to the local P&L Team Supervisor.
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. The Individual will join a “split team” organization with team members located in both Montreal and New York City, under a functional management located in New York.
P&L Controller (ANL) Responsibilities:
Reconcile daily FO P&L to the Official P&L
Produce daily MO forecast and reconcile to the trader’s forecast after the close (specific to G10 Rates activity)
Analyze, understand, and attribute daily P&L, e.g. Greeks, new trades / amends
Explain and comment on economic P&L using P&L Explain Tools
Produce a Step Reval Explain and Risk based P&L Explain on a daily basis
Engage trade support and Front Office to resolve operational and booking issues
Work with Front Office, Finance, and Market Risk to finalize month end P&L
Discuss and review trading P&Ls with management
Ensure all appropriate controls and processes are executed and well documented
Substantiate and resolve Back office inquiries, ledger vs. P&L systems
Contribute to ongoing process and control improvements / efficiencies
Support for Front Office and Other Internal Stakeholders
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’
Strive to meet or surpass the service level agreement
Manage deadlines and objectives
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
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, Financial Control, or a Middle Office environment including 2+ years in P&L Controller role
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
Fluency in financial markets with an emphasis on Fixed Income
Solid understanding of the following products: CDS, CDX,IRS, FRAs, Caps/Floors, Swaptions, Treasuries, Corporate Bonds, Repos, and Futures
Knowledgeable of the Greeks
Graduate degree in Finance, Math or Engineering or other quantitative disciplines
Working knowledge of Programming languages such as VBA, SQL & Python
Experience in pricing, valuation or hedging of derivatives
FINRA Registrations Required:
About BNP Paribas
With more than 200,000 employees in 72 countries, the Group serves nearly 32 million individual customers and 850,000 professionals, entrepreneurs, SMEs and large companies. BNP Paribas is a leading bank in the euro zone and a leading international banking player.
Did you know? In 2019, BNP Paribas named World’s Best Bank for Corporate Responsibility 2019
About BNP Paribas in Canada
With more than 900 employees, BNP Paribas Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.
A recruitment policy that promotes equality and diversity:
BNP Paribas is an equal opportunity employer. BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, color, national origin, sex, disability, age, and other protected status (Employment Equity Act).
Part of BNP Paribas dedication to diversity, multiculturalism and inclusion is clearly reflected on how we believe and live diversity and inclusion all together. As such, one of BNP Paribas’ initiatives is hosting Employee Resource Groups (ERGs) which are focused on equality of gender, sexual orientation and learning from other cultures.
We can assist with access to job offers for people with disabilities who may be unable to use our career site – please contact us by email [email protected] or by phone on 514-285-6000
Want to know more about the BNP Paribas Group?
** Only selected applications that meet the requirements of the role will be contacted **
Primary Location: CA-QC-Montréal
Job Type: Standard / Permanent
Job: OPERATION PROCESSING
Education Level: Bachelor Degree or equivalent (>= 3 years)
Experience Level: At least 1 year
About the Company
Company: BNP Paribas –
Company Location: Montréal, QC