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

Business Overview:
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:
Departmental Objectives

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

Preferred Qualifications:
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:
None needed

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


Education Level: Bachelor Degree or equivalent (>= 3 years)

Experience Level: At least 1 year

Schedule: Full-time

About the Company

Company: BNP Paribas –

Company Location:  Montréal, QC

Estimated Salary:

About BNP Paribas -