Credit Controller

2 weeks ago


Montreal, Canada TalentBurst, an Inc 5000 company Full time

Credit P&L Controller

12-14 months contract

Hybrid in Montreal, Need local only


Departmental Objectives

• The preparation and supervisions of daily and monthly management revenues for the Global Credit activity and their reconciliation with the estimates of the traders and with the financial accounts

• The participation in business development initiatives across support functions and locations

• Analysis and reporting of daily P&L with detailed Greek breakdown for multiple products including futures, options, equities, variance & correlation swaps, 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

• Substantiation and resolution of Back office ledger vs. P&L systems cash breaks on a daily basis

• 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



Trader Support & Customer Service

• 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'

• Resolve all issues / conflicts and strive to meet or surpass the service level agreement

• Manage deadlines and objectives

Communication

• 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


Applicable to All

• Ensure the business area conducts its activity in accordance with all relevant external regulators and internal policies.

The strengths and skills that will help you succeed

Minimum Required Qualifications:

• Bachelor's degree or equivalent required

• 4 + years of previous experience in P&L Control, Finance, Trade Support, Valuations, Risk, or Front Office environment including 2+ years of P&L Control covering Fixed Income derivatives & hedges (Treasuries, Corporate Bonds, CDS, CDX,IRS, FRAs, Caps/Floors, Swaptions, and FX Products)

• Strong working knowledge of P&L attributes/Greeks

• 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

• Possess Control mindset

Preferred Qualifications:

• Working knowledge of Programming languages such as VBA & Python (strong preference)

• Graduate degree in Finance, Math or Engineering or other quantitative disciplines

• Previous experience in Fixed Income P&L

• Fluency in financial markets with an emphasis on Fixed Income

• Experience in pricing, valuation or hedging of derivatives


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