Department
Job Title:
About Business Line/Function
Position Purpose:
- 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.>