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Assistant Manager / Manager - Equity - P&L Production and Explain

5.00 to 10.00 Years   Bangalore   26 Apr, 2023
Bnp Paribas
Job LocationBangalore
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaFinance / Accounts / Tax
EmploymentTypeFull-time

Job Description

    • Provide a daily Economic, Step Reval and Risk Based PNL to each desk and to the Bank s management.
    • 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.
    Responsibilities Direct 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 dependent team/business.
    Contributing Responsibilities
    • 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
    Technical & Behavioral Competencies
    • Strong understanding of Equity, Eq. Derivatives, Bonds, Interest rates and FX products including its models and valuations
    • Competency with MS Suite, especially Excel
    • Communication Skills
    • Decision Making
    • Adaptability & Change Management:
    • Ability to develop and leverage networks
    • Ability to develop and adapt a process
    • Result oriented approach
    • Collaborate with remote teams
    • 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.
    • 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
    • Strong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.
    • Escalation & Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known & applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management to allow proper time resolution
    ,

Keyskills :
salesmisaccountstatbankingfixed income derivativesback officemarket databanking lawfront officetrade supportretail banking

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