Equity Derivatives P&l Controller

3 weeks ago


Montréal, Canada TekWisen Software Pvt. Ltd Full time

**P&L Controller Responsibilities**:
**Departmental Objectives**
- The preparation and supervisions of daily and monthly management revenues for the Equity activity and their reconciliation with the estimates of the traders and with the financial accounts
- The participation in business development initiatives across the cients’ 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
- Monitoring the FX exposure of the group to analyze and report deviations from the mean
- 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
- Assist with the training and development of junior (analyst) members of the team
- Continuously improving controls
- Continuously improving efficiency

**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

**Culture**
- 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
- 2+ years of previous experience in P&L Control, Finance, Trade Support, Valuations, Risk, or Front Office environment including 1+ years covering Equity derivatives & hedges (e.g. Futures, Options, Structured Products, Equity Swaps, Variance Swaps, and Dispersion Swaps)
- 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 Equity Derivatives P&L
- Fluency in financial markets with an emphasis on Equities
- Experience in pricing, valuation or hedging of derivatives

**Job Type**: Fixed term contract
Contract length: 11 months

**Salary**: $32.00 per hour

Schedule:

- 8 hour shift

Ability to commute/relocate:

- Montréal, QC H3A 2A6: reliably commute or plan to relocate before starting work (required)

**Education**:

- Bachelor's Degree (preferred)



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