Provide a daily Economic, Step Reval and Risk Based PNL to each desk and to the Bank’s management.
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
Required
< 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 dependent team/business.>