Profit & Loss Controller

In a changing world, unprecedented challenges require unmatched talent. Join one of Montreal's Top Employers in 2025. 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**

**PRODUCT CONTROL OVERVIEW**:
Fully integrated in the IT and Operations (“ITO) department, Product Control covers a large panel of operational activities aiming to monitor the life cycles of the trades. It starts from the portfolio creation for trade booking, the trade booking itself, the monitoring of the events associated to the trades, the P&L calculation, explanation and validation on a day-to-day basis as well as the monitoring of the trading activity, ensuring that the traders mark their books to fair value prices. It also encompasses the confirmation of trades with counterparties.

**P&L CONTROLLER OVERVIEW**:
**In detail**

**P&L CONTROLLER RESPONSIBILITIES**:
The preparation and supervisions of daily and monthly P&L and their reconciliation with the estimates of the traders and with the financial accounts

Analysis and reporting of daily P&L with detailed Greek breakdown for multiple products including futures, options, 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

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

Continuously improving controls and efficiencies

**Support for Front Office and Other Internal Stakeholders**

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’

Strive to meet or surpass the service level agreement

Manage deadlines and objectives

Work conditions: This position provides for standard working conditions in an office and a normal work schedule from Monday to Friday. This position requires little travel.

**The strengths and skills that will help you succeed**

**Minimum Required Qualifications**:
Bachelor’s degree or equivalent required

5 to 7 years of previous experience in P&L Control, Finance, Trade Support, Valuations, Risk, or Front Office environment including knowledges of P&L Control covering Equity derivatives or Fixed Income Business (e.g. Futures, Options, Structured Products, Bonds, Interest rates Swaps)

Strong working knowledge of P&L attributes/Greeks

Strong Excel & PC skills with proven ability to work with multiple systems

Superior attention to detail and accuracy

Possess Control mindset

Strong interpersonal and communication skills a must

Ability to work in a fast-paced environment

Spirit of continuous improvement

Display good relationship qualities, team spirit, and ability to work across teams

**Preferred Qualifications**:
Working knowledge of Programming languages such as VBA & Python

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

Fluency in financial markets

Experience in pricing, valuation or hedging of derivatives

**FINRA REGISTRATIONS REQUIRED**:
None needed

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 the English is required.**

**What’s in it for you**

In addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements are available for most positions. In-office presence is required a minimum of 3 days per week, one of which must be on a Monday and/or a Friday. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career d