The position at a glance

Fully integrated in the IT and Operations ("ITO) department, Product Control covers a large panel of operational activities aiming to monitor the life cycles of the trades. It starts from the portfolio creation for trade booking, the trade booking itself, the monitoring of the events associated to the trades, the P&L calculation, explanation and validation on a day-to-day basis as well as the monitoring of the trading activity, ensuring that the traders mark their books to fair value prices. It also encompasses the confirmation of trades with counterparties.

This position is for a P&L controller supporting and controlling the Global market and ALMT business in New York, Mexico and Montreal. The selected candidate will be part of the P&L team which produces daily P&L 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.

In detail

• The preparation and supervisions of daily and monthly P&L and their reconciliation with the estimates of the traders and with the financial accounts
• Analysis and reporting of daily P&L with detailed Greek breakdown for multiple products including futures, options, 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
• 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
• Continuously improving controls and efficiencies

• 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

The strengths and skills that will help you succeed

• Bachelor's degree or equivalent required
• 5 to 7 years of previous experience in P&L Control, Finance, Trade Support, Valuations, Risk, or Front Office environment including knowledges of P&L Control covering Equity derivatives or Fixed Income Business (e.g. Futures, Options, Structured Products, Bonds, Interest rates Swaps)
• Strong working knowledge of P&L attributes/Greeks
• Strong Excel & PC skills with proven ability to work with multiple systems
• Superior attention to detail and accuracy
• Possess Control mindset
• Strong interpersonal and communication skills a must
• Ability to work in a fast-paced environment
• Spirit of continuous improvement
• Display good relationship qualities, team spirit, and ability to work across teams

Preferred Qualifications:

• Working knowledge of Programming languages such as VBA & Python
• Graduate degree in Finance, Math or Engineering or other quantitative disciplines
• Fluency in financial markets
• Experience in pricing, valuation or hedging of derivatives

Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Knowledge of the English is required.

What's in it for you

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements are available for most positions. In-office presence is required a minimum of 3 days per week, one of which must be on a Monday and/or a Friday. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.

To find out more about our range of benefits, click here

What you need to know

• We will review candidates as they apply, so don't wait to submit your application;

*** While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted***