• Assistant Vice President/Manager GM P&L Production and Explain EQD Jobs in Mumbai City

  • Bnp Paribas
  • Mumbai City

Job Description:

EQD P&L analyst
Provide a daily Economic, Step Reval and Risk Based PNL to each desk and to the Bank s management
Ensure that PNL is accurate and complies with the EQD Business line methodology
Ensure that the PNL is calculated from the reference positions and that these positions are real and checked Escalate any unusual P&L to the desk and management that may indicate a wrong position or transaction in the FO system
Run all the required controls on key elements of the PNL
Document all exceptional PNL moves and adjustments for Management

Key Responsibilities

Produce accurate daily analysis of P&Ls to Trading desks and banks management This includes the 3 different P&L analysis required by the internal Valuation Policy and Regulators
Economic P&L (cash + PV) for Management and Accounting P&L reconciliation (performed by Finance)
Step Reval P&L for VaR back-testing feeds and contribution to Regulatory ratios (used in the Dodd Franck and French Banking Law ratio calculations)
Risk based P&L to validate the FO risk and models
Responsible for daily and monthly controls on key elements (positions, market data, adjustments, reserves) and liaise with internal departments in case of issues
Perform FO/MO reconciliations between Trading P&L estimations at T and Official MO P&L at T+ 1 and both explain and investigate P&L breaks to FO if any
Adjust the P&L if necessary to secure correct P&L reporting and document each
Monitor daily Funding and fees
Interact daily with traders to explain the results of their P&Ls and seek their daily sign-off
Report, Comment and Validate the P&Ls into the Official Reporting tool
Monitor and reconcile monthly R-IM and V&RC reserves during EOM process
Active follow up on updating documentation
Organize a monthly meeting with trading to go through all P&L issues during the last month
Escalate issues to management on the fly and via Orus
Confirm PV to collateral management

Contribute to
Participate to global projects related to MO or P&L processes improvements
Participate to local projects related to systems migrations
Participate to the improvement of the productivity within the team by proposing initiatives

Competencies (Technical / Behavioral)

Strong Equity derivatives products knowledge including its models and valuations and/or strong P&L expertise on other Capital Market products (Rates/FX/Credit etc )
Self-discipline and strong autonomy The candidate must be a self-starter who should be able to work on its own with little supervision
Analytical mindset and Attention to detail Aptitude and desire to understand financial pricing models Ability to notice any abnormal processes and PNL figures
Innovation and initiatives Demonstrate willingness to constantly improve the status quo
Understand the processes in place and evaluate if needed alternative options to do things better (cost - benefits / ROI approaches) Think outside the box
Adaptability Ability to adapt to new situations (new booking systems, new products, new activities to manage )
Client Focus Capacity to work with various clients Act as partnership with them
Escalation process / Reporting Internal rules of reporting and escalation to Finance, MO, and FO are known & applied

Specific Qualifications Required

A Master degree is required, preferably in Economics or Mathematics
Master Excel Programming skills on VBA-Macros is required
Understanding of Derivative Products Pricing methodology and Risk Based P&L
8 Years prior experience in Product Control team involving Derivatives Products

Skills and competencies

Attention to detail Ability to notice any abnormal processes as well as any unusual dividends or prices for instance when monitoring and reconciling the various market data
Innovation and initiatives (Think outside the box ) Demonstrate willingness to constantly improve the status quo Understand well the processes in place and evaluate if needed, alternative options to do things better with a cost - benefits / ROI approach
Adaptability & Change Management Ability to easily adapt to new situations (new booking systems, new products, new activities to manage ) as this is a constant changing environment, *

Profile Summary:

Employment Type : Full Time
Industry : Banking / Financial Services
Salary : Not Disclosed
Deadline : 18th Mar 2020

Key Skills:

Company Profile:

Bnp Paribas

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