Financial Analyst – P&L, Product Control

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JOB DESCRIPTION

Location: Hybrid | Downtown, Toronto

Duration: 6 Months 

Our client, a leading financial institution in Downtown Toronto, is looking for a Financial Analyst – P&L, Product Control to understand how the Trading Desk’s risk appetite and risk culture should be considered in day-to-day activities and trading results. The successful candidate will have the opportunity to work with one of the Top 5 Banks in Canada.

Typical Day in role:

• Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
• Ensures that the accounts and financial records of the bank’s commodities (energy and metals) and foreign exchange businesses are being maintained according to International Financial Reporting Standards, policies and procedures set by the bank Executive Offices and the local regulators.
• Produce quality financial management information to the business line, including accurate daily/weekly/monthly/yearly portfolio level P&L and monthly balance sheet reporting
• Prepare actual and risk based attributions by portfolio to explain and control the daily P&L reporting, investigating and reconciling results with front office estimates.
• Continuously review assigned desk procedures to ensure that they are effective, efficient and controlled. Suggest and develop on-going methods of improving accurate data collection globally, streamlining reporting, sharing best practices and cross-training team members.
• Understand how the Trading Desk’s risk appetite and risk culture should be considered in day-to-day activities and trading results.
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Champions a high performance environment in their team by fostering an inclusive work environment and communicating vison/values/goal strategies.

Must Have Skills:

• 8+ years of experience as a Financial Analyst
• Solid understanding of accounting, the concepts of mark-to-market accounting and risk based P&L attribution
• Thorough knowledge of derivative, lending and inventory products and the risks involved
• Strong proficiency in MS Products, specifically Excel

Nice-To-Have Skills:

• Strong understanding of bank reporting requirements and the regulatory reporting issues of varied regulators is recommended
• Power BI
• Experience with Excel Visual Basic
• UNIX experience

Soft Skills Required:

• Strong communication skills
• Attention to detail
• Time Management skills
• Strong Analytical Skills

Education:

• University undergraduate degree in finance or accounting

FP Inc. is committed to creating an inclusive environment where all team members and clients feel like they belong. In accordance with the requirements set out in the Employment Standards Act, FP Inc. hereby declares that AI is utilized in the screening process for this position. The hourly compensation range for this role is $48/hr -$60/hr. We seek applicants with a wide range of abilities, and we provide an accessible candidate experience. We advocate for you and welcome anyone regardless of race, colour, religion, national origin, sex, physical or mental disability, or age.