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 with the portfolio creation for trade booking, the trade booking itself, the monitoring of the events associated with 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 and Valuation Controller Overview: 

This position is for a controller supporting and controlling the Global market business. The selected candidate will be part of the P&L and Valuation team.

This role will focus part on efficiency improvements and part on Production tasks.

This role will require strong coding skills of Python to prepare, test and implement improvements to PnL and Valuation processes. These changes result in efficiency improvement, better risk mitigation and/or expansion/increased scale of the P&L and Valuation department controls.

The role will encompass daily P&L and Valuation responsibilities, participating in the teams’ daily tasks, with an automation angle in mind

The individual will be required to establish effective working relationships with both the Front Office and other areas of support. (E.g. Trade Support, VR&C, Market Risk, Finance & IT) - allowing for an integrated and proactive approach to the business’ requirements, understanding the lifecycles of the products traded and the systems and reporting mechanisms required to enable full control and accurate and appropriate information to be supplied.

Candidate Success Factors:

Candidates will be measured on the following four performance drivers which will dictate how individual impact is considered on the Americas platform:

• Results and Impact

• Impacts division and influences peers and team
• Demonstrates good judgement when making decisions of high complexity and impact
• Relies on limited guidance for most complex decision making
• Is responsible for driving outcomes which have meaningful effect on team or department

• Leadership and Collaboration

• Creates trust with department leaders
• Acts in leadership capacity for large projects, processes, or programs for a team

• Client, Customer and Stakeholder Focus

• Able to build relationships with a mix of intermediate and senior colleagues or clients
• Interacts regularly with management and department leaders
• Demonstrates the ability to persuade and influence stakeholders at the team level

• Compliance Culture and Conduct
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards”

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
• Continuously improving efficiencies

Valuation Controller responsibilities:

Contribute to control framework by:

• Researching securities that are not priced and proposing alternative prices
• Identifying securities where the price provided by the market data providers is stale. Evaluate the accuracy of the price and propose the use of price from alternative market data providers
• Identifying securities whose price generates a large price movement. Evaluate the correctness of the price, and where needed, propose using a price from an alternative market data provider
• Analyzing edge cases/pricing anomalies by gaining strong understanding of pricing hierarchies
• Pricing OTM option using Bloomberg functionalities
• Summarize and report outstanding issues to RISK, FO and PB management 
• Develop spreadsheets and code to enhance the overall control framework
• Gain expertise in Product Master, the main pricing system for PB 
• Prioritize the research of securities by identifying the impact on the most critical clients 
• Identify and escalate exceptions for the controls performed
• Exhibiting good judgment in escalating issues for resolution
• Ensure daily completeness of controls and meet T+0 deliverables in a timely manner
• Maintain good working relationships with market data providers and escalate occasional anomalies for investigation

Efficiency improvements:

Work on production and functional projects that have an impact on the department by:

• Leading continuous improvement projects within P&L and Valuation team
• Leading automation projects 
• Be able to take on challenging positions and adapt well to various work assignments

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

Communication:

• Ensure timely and efficient dissemination of data and the resolution of inquiries
• Identify and escalate time / risk sensitive issues to the team supervisor 
• Cohesively explain and maintain own position, logically, in light of differing views

Culture:

• Focus on the needs of the business
• Act with integrity, accepting responsibility for actions
• Recognize opportunities for creativity and development of processes
• Achieve a sensible work/life balance.

Applicable to All

• Ensure the business area conducts its activity in accordance with all relevant external regulators and internal policies.

The strengths and skills that will help you succeed

Minimum Required Qualifications:

• Bachelor’s degree or equivalent required
• Strong IT skills including Excel, VBA and Python
• Working product knowledge across a wide range of asset classes
• Superior attention to detail and accuracy
• 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
• Fluency in financial markets
• Knowledgeable of the Greeks

Preferred Qualifications:

• Graduate degree in Finance, Math or Engineering or other quantitative disciplines
• Working knowledge of Programming languages such as VBA, SQL & Python
• Exposure to pricing, valuation or hedging of derivatives 
• 4+ years of previous experience in P&L Control, Valuation, Financial Control, or a Middle Office environment
• Strong knowledge of market practice and pricing fundamentals

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 development within the company and internationally.

To find out more about our range of benefits, click here

What you need to know

• We will review candidates as they apply, so don’t wait to submit your application;

• BNP Paribas is committed to accessibility and inclusion. During the recruitment process, accommodation needs are available at all times for candidates. You will have the chance to make a request for an accommodation during your application.

• You must be legally eligible to work in the Greater Montreal area and, if applicable, hold a valid work or study permit. Physical presence in BNP Paribas’ office(s) is an essential function of this position;

• If you are applying and accepted to a position which requires working in/for the U.S. securities industry, you will be required to provide your fingerprints and undergo additional background checks by the FBI. BNP Paribas Securities Corporation is required to maintain a supervisory program over the conduct of its Associated Persons; some of your personal data will be transmitted to the United States of America and made available to US regulators. Please reach out to BNPP for additional information; or you can also find an overview here: 3110. Supervision | FINRA.org

Diversity, Equity and Inclusion (DE&I) at the heart of our commitments

At BNP Paribas all employees are on an equal footing allowing us to create a work environment that values and respects people for their talents, skills and competences.

BNP Paribas recruits, employs, trains, compensates and promotes regardless of race, religion, colour, national origin, sex, disability, age, and other protected status (Employment Equity Act and Canadian Human Right Act).

To learn more about our DE&I commitments, click here

About us

BNP Paribas is the top bank in the European Union and a major international banking establishment. Present in 63 countries, with more than 180,000 employees, the bank holds key positions in several areas of banking and financial services.

BNP Paribas’ mission is to contribute to a responsible and sustainable economy by financing and advising its clients according to the highest ethical standards, while striving to respond to essential concerns in terms of the environment, regional development and social inclusion.

Since 1961, BNP Paribas has supported large Canadian companies and institutions in their business development by offering a full range of specialized financial services and investment products.

With over 1,400 employees, BNP Paribas in Canada continues to attract experts from diverse fields as well as ambitious young talent from around the world. We are proud to offer our employees a rewarding and international workplace where they can build their professional careers by honing their skills, meeting challenges and enriching their knowledge of the financial industry.

Our certifications and partnerships

• Montreal’s Top Employers 2025
• Canada’s Best Diversity Employers 2025
• Women in Governance  – Parity certified -  Platinum certification
• Pride at Work Canada
• Part of Les Affaires top 300 companies in Quebec
• Synclusiv
• Ready, Willing and Able 
• Autisme sans Limites 
• LinkedIn Top Companies 2024

Do you want to discover other BNP Paribas offers in Canada?

Click here: BNP Paribas in Canada | Our job offers

*** While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted***