Equity Derivatives Profit

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2024. We are a dynamic and growing organization having its main establishment located in downtown Montreal and part of a leading international banking institution fully committed to building a more sustainable future. Note that the position may be in the Canadian Branch of BNP Paribas or in one of its subsidiaries based in Montreal.

**The position at a glance**

**In detail**

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 BNP Paribas 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 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**
- Bachelor’s degree or equivalent required
- 5+ years of previous experience in P&L Control, Finance, Trade Support, Valuations, Risk, or Front Office environment including 2+ years of P&L Control and 2+ 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
- 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
- Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Knowledge of English is required**.**

**What’s in it for you**

In addition to competitive compensation, we offer flexible benefits including a