ALMT - P&L Production and Explain - APAC Professional

Position Purpose

• Provide a daily Economic, Step Reval and Risk Based PNL to each desk and to the Banks management.
• Ensure that the PNL is calculated from the reference positions and that these positions are real and checked.
• Escalate any unusual PL 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

• Produce accurate daily analysis of PLs to Trading desks and bank's management. This includes the 3 different PL analysis required by the internal Valuation Policy and Regulators:
• Economic PL (cash + PV) for Management and Accounting PL reconciliation (performed by Finance)
• Step Reval PL for VaR back-testing feeds and contribution to Regulatory ratios (used in the Dodd Franck and French Banking Law ratio calculations)
• Risk based PL 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 PL estimations at T and Official MO PL at T+ 1 and both explain and investigate PL breaks to FO if any.
• Adjust the PL if necessary to secure correct PL reporting and document each
• Monitor daily Funding and fees.
• Interact daily with traders to explain the results of their PLs and seek their daily sign-off.
• Report, Comment and Validate the PLs into the Official Reporting tool
• Monitor and reconcile monthly R-IM and VRC reserves during EOM process.
• Active follow up on updating documentation.
• Organize a monthly meeting with trading to go through all PL issues during the last month.
• Escalate issues to management on the fly and via Orus.
• Confirm PV to dependent team/business.

• Participate to global projects related to MO or PL processes improvements.
• Participate to local projects related to systems migrations.
• Participate to the improvement of the productivity within the team by proposing initiatives

• Strong Equity products knowledge including its models and valuations
• Competency with MS Suite, especially Excel
• 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

• Attention to detail: Ability to notice any abnormal processes as well as any unusual dividends or prices for instance when monitoring and reconciling the various market data.
• Adaptability Change Management: Ability to easily adapt to new situations (new booking systems, new products, new activities to manage) as this is a constant changing environment
• Strong Client Focus: Capacity to work with various clients, especially FO. Need to be sensitive about the rationale of their requests and be proactive when replying to them. Work as partnership while consistently keeping an independent mindset.
• Escalation Reporting process: Internal rules of reporting and escalation to Ops and FO need to be known applied. The team member also needs to report any sensitive information/issues and escalate immediately to their management to allow proper time resolution

Other/Specific Qualifications

CA/CFA, FRM or equivalent