BNP Paribas

Senior Associate PnL (BB-BA138)

Found in: Talent IN

Description:
Job Description About BNP Paribas Group: BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships. About BNP Paribas India Solutions: Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services. About Businessline/Function : Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists of various streams, Control and Investigations, Settlement, Collateral and Reconciliation. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance. Job Title: SA/AM - Product Control Date: 17th Dec 2020 Department: Global Markets Operation Location: Mumbai Business Line / Function: COCE Product Control / Credit PnL Reports to: (Direct) Head of the Team Grade: (if applicable) NA (Functional) NA Number of Direct Reports: Directorship / Registration: NA Position Purpose Provide a daily Economic, Step Reval and Risk Based PNL to each desk and to the Bank’s management. Ensure that PNL is accurate and complies with the credit Business line methodology. Ensure that the PNL is calculated from the reference positions and that these positions are real and checked. Escalate any unusual P&L to the desk and management that may indicate a wrong position or transaction in the FO system. Run all the required controls on key elements of the PNL Document all exceptional PNL moves and adjustments for Management. Responsibilities Direct Responsibilities Produce accurate daily analysis of P&Ls to Trading desks and bank's management. This includes the 3 different P&L analysis required by the internal Valuation Policy and Regulators: Economic P&L (cash + PV) for Management and Accounting P&L reconciliation (performed by Finance) Step Reval P&L for VaR back-testing feeds and contribution to Regulatory ratios (used in the Dodd Franck and French Banking Law ratio calculations) Risk based P&L to validate the FO risk and models. Responsible for daily and monthly controls on key elements (positions, market data, adjustments, reserves) and liaise with internal departments in case of issues. Perform FO/MO reconciliations between Trading P&L estimations at T and Official MO P&L at T+ 1 and both explain and investigate P&L breaks to FO if any. Adjust the P&L if necessary to secure correct P&L reporting and document each Monitor daily Funding and fees. Interact daily with traders to explain the results of their P&Ls and seek their daily sign-off. Report, Comment and Validate the P&Ls into the Official Reporting tool Monitor and reconcile monthly R-IM and V&RC reserves during EOM process. Active follow up on updating documentation. Organize a monthly meeting with trading to go through all P&L issues during the last month. Escalate issues to management on the fly and via Orus. Confirm PV to collateral management. Contributing Responsibilities Participate to global projects related to MO or P&L processes improvements. Participate to local projects related to systems migrations. Participate to the improvement of the productivity within the team by proposing initiatives Technical & Behavioral Competencies Communication Skills Decision Making Adaptability & Change Management: Ability to develop and leverage networks Ability to develop and adapt a process Result oriented approach Collaborate with remote teams Specific Qualifications (if required) Master Excel – Programming skills on VBA-Macros is required. Understanding of Derivative Products Pricing methodology and Risk Based P&L 5 Years prior experience in Product Control team involving Derivatives Products. Skills Referential Behavioural Skills: (Please select up to 4 skills) Ability to collaborate / Teamwork Critical thinking Creativity & Innovation / Problem solving Transversal Skills: (Please select up to 5 skills) Ability to set up relevant performance indicators Ability to develop others & improve their skills Analytical Ability Ability to develop and adapt a process Education Level: Bachelor Degree or equivalent Experience Level At least 5 years Other/Specific Qualifications (if required) Job Description About BNP Paribas Group:BNP Paribas Group is a leading European bank with a strong global footprint across 72 markets and more than 202,000 employees. The Group provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships. About BNP Paribas India Solutions:Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas Group, a leading bank in Europe with an international reach. With delivery centers located in Mumbai and Chennai, we are a 24x7 global delivery center. We partner various business lines of BNP Paribas such as Corporate and Institutional Banking, Wealth Management, Retail Banking through three verticals - Information Technology, Operations and Finance Shared Services. About Businessline/Function : Global Market Operations (GMO) covers Front Office activities such as ALM/Treasury and Fixed Income local booking. GMO consists of various streams, Control and Investigations, Settlement, Collateral and Reconciliation. GMO teams are also in regular contact with Capital Market Middle Office, Regional Back Office’s and Regional Finance. Job Title:SA/AM - Product Control Date:17th Dec 2020Department:Global Markets OperationLocation:MumbaiBusiness Line / Function:COCE Product Control / Credit PnLReports to:(Direct)Head of the TeamGrade: (if applicable)NA(Functional)NANumber of Direct Reports:Directorship / Registration:NA Position PurposeProvide a daily Economic, Step Reval and Risk Based PNL to each desk and to the Bank’s management.Ensure that PNL is accurate and complies with the credit Business line methodology.Ensure that the PNL is calculated from the reference positions and that these positions are real and checked. Escalate any unusual P&L to the desk and management that may indicate a wrong position or transaction in the FO system.Run all the required controls on key elements of the PNLDocument all exceptional PNL moves and adjustments for Management. ResponsibilitiesDirect Responsibilities Produce accurate daily analysis of P&Ls to Trading desks and bank's management. This includes the 3 different P&L analysis required by the internal Valuation Policy and Regulators:Economic P&L (cash + PV) for Management and Accounting P&L reconciliation (performed by Finance)Step Reval P&L for VaR back-testing feeds and contribution to Regulatory ratios (used in the Dodd Franck and French Banking Law ratio calculations)Risk based P&L to validate the FO risk and models.Responsible for daily and monthly controls on key elements (positions, market data, adjustments, reserves) and liaise with internal departments in case of issues.Perform FO/MO reconciliations between Trading P&L estimations at T and Official MO P&L at T+ 1 and both explain and investigate P&L breaks to FO if any.Adjust the P&L if necessary to secure correct P&L reporting and document eachMonitor daily Funding and fees.Interact daily with traders to explain the results of their P&Ls and seek their daily sign-off.Report, Comment and Validate the P&Ls into the Official Reporting toolMonitor and reconcile monthly R-IM and V&RC reserves during EOM process.Active follow up on updating documentation.Organize a monthly meeting with trading to go through all P&L issues during the last month.Escalate issues to management on the fly and via Orus.Confirm PV to collateral management. Contributing ResponsibilitiesParticipate to global projects related to MO or P&L processes improvements.Participate to local projects related to systems migrations.Participate to the improvement of the productivity within the team by proposing initiativesTechnical & Behavioral CompetenciesCommunication SkillsDecision MakingAdaptability & Change Management:Ability to develop and leverage networksAbility to develop and adapt a processResult oriented approachCollaborate with remote teams Specific Qualifications (if required)Master Excel – Programming skills on VBA-Macros is required.Understanding of Derivative Products Pricing methodology and Risk Based P&L5 Years prior experience in Product Control team involving Derivatives Products.Skills ReferentialBehavioural Skills: (Please select up to 4 skills)Ability to collaborate / TeamworkCritical thinkingCreativity & Innovation / Problem solvingTransversal Skills: (Please select up to 5 skills)Ability to set up relevant performance indicatorsAbility to develop others & improve their skillsAnalytical AbilityAbility to develop and adapt a process Education Level: Bachelor Degree or equivalentExperience LevelAt least 5 yearsOther/Specific Qualifications (if required)

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