P&L Analyst

at  BMO Financial Group

100 King Street West Toronto Ontario,M5X 1A1
In support of the Fixed Income Products line of business, this role is responsible for daily and month-end processes related to P&L reconciliation, P&L decomposition, as well as providing daily commentary on the business. Fulfill routine and frequently non-routine transactions, internal business partner and/or external customer inquiries/ requests, and/or audit/ reconciliation activities.

Primary Responsibilities:

• Daily and Month End reconciliation between the General Ledger and the Front Office Shared Product Systems.
• Responsible for accurate and timely reporting, distribution and sign-off of daily P&L focusing on fixed income and derivatives desk.
• Provide commentary on daily P&L movement.
• Perform daily valuation and analyze portfolio value changes.
• Ensure all issues affecting valuation and/or P&L are addressed in a timely manner.
• Ensure all procedures are followed in compliance with SOX / Internal / External Audit.
• Prepare position reconciliations to facilitate risk monitoring and to substantiate P&L results.
• Manage daily P&L reporting to Trading desk, Risk and Finance.
• Prepare variance analysis and provide commentary on the balance sheets and income statements for Finance.
• Assist with various departmental initiatives and requests as required.

QUALIFICATIONS

• Typically between 1 – 2 years of relevant experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Strong knowledge in Fixed Income accounting.
• Strong Excel - VBA macros consider as asset.
• Strong team skills and work ethics.
• Strong organizational, follow-up and priority-setting skills to handle multiple tasks/projects.
• Ability to work in a highly demanding environment with challenging and often very short, conflicting deadlines.

• Daily and Month End reconciliation between the General Ledger and the Front Office Shared Product Systems.
• Responsible for accurate and timely reporting, distribution and sign-off of daily P&L focusing on fixed income and derivatives desk.
• Provide commentary on daily P&L movement.
• Perform daily valuation and analyze portfolio value changes.
• Ensure all issues affecting valuation and/or P&L are addressed in a timely manner.
• Ensure all procedures are followed in compliance with SOX / Internal / External Audit.
• Prepare position reconciliations to facilitate risk monitoring and to substantiate P&L results.
• Manage daily P&L reporting to Trading desk, Risk and Finance.
• Prepare variance analysis and provide commentary on the balance sheets and income statements for Finance.
• Assist with various departmental initiatives and requests as required