Specialist Profit & Loss, Profit Attribution Analysis
Under the direction of the Manager, BMI P&L Analysis & Reporting this role is responsible for the Profit & Loss (P&L) and Profit Attribution Analysis (PAA) Reporting for the BMI based Trading Products Businesses. This includes daily P&L and PAA reporting, full income statement line management, monthly analysis and ad-hoc reporting.
*Oversee and review accurate daily P&L for the BMI based Trading Products Businesses including Delta One strategies, Equity Finance, Cash Equities, Fixed Income, Structured Products, etc..
*Review for large fluctuations daily and bring to the attention of management.
*Oversee Front-Office to Back-Office reconciliations.
*Gain a working knowledge of the trade flow process from inception to G/L
*Develop an thorough understanding of the General Ledgers (G/L) and settlement systems (Imagine, ADP, CMART, IBUK, Progress, GLOSS)
*Ensure correct bookings in the general ledger
*Ensure that new products are set up correctly in the P&L tracking process
Balance Sheet and Income Statement line item management
*Have an understanding of product related balance sheet and income statement line items
*Prepare P&L and review Balance Sheet Reconciliations as part of the month-end close
*Coordinate with legal entity and regulatory accounting, risk, operations, and other support groups
Analysis and process improvement
*Create and update monthly analysis with regard to key business drivers
*Prepare commentary and standard period over period analysis
*Contribute to and maintain an effective Operational Risk Management Framework, escalating any observed operational risk matters to the BMI Operational Risk Manager.
This job has cross functional dependencies to the rest of Global Middle Office, CM Finance, as well as Risk, Tax, etc. departments that support the businesses.
Knowledge and Skills
*Undergraduate Degree in Accounting or Finance
*Minimum of 5-7 years of experience in financial services industry
*CPA and/or CFA a plus
Skills and Competencies
*Strong knowledge of the brokerage industry.
*Strong knowledge of Derivative Trading Products.
*Excellent computer skills. Ability to learn systems quickly.
*Ability to manage multiple tasks and meet deadlines, without compromising data integrity.
*Strong communication and relationship building skills.
*Strong interpersonal and leadership skills.
*Strong customer service and client focus.
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