Profit and Loss Controller

2 months ago


Montréal, Canada TekwissenLLc Full time

Job Description:
Departmental Objectives

The preparation and supervisions of daily and monthly management revenues for the Rates and FXLM activity and their reconciliation with the estimates of the traders and with the financial accounts

The participation in business development initiatives across client 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 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 efficiencies

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.

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

**Job Type**: Fixed term contract
Contract length: 14 months

Pay: $35.00-$40.00 per hour

Expected hours: 8 per week

Schedule:

- Monday to Friday

**Education**:

- Bachelor's Degree (preferred)

**Experience**:

- P&L Control ,Trade Support,Valuations, Risk, or Front Office: 5 years (preferred)
- Treasuries,Corporate Bonds,CDS, CDX,IRS, FRAs,FX: 5 years (preferred)


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