Assistant Manager- Mortgage Backed Securities ( Bangalore)

Position Purpose

As a key member of the Global Markets P&L team, the Assistant Manager will support the Prime Brokerage business across Asia, Europe, and New York. This role focuses on the daily production and detailed explanation of P&L for dedicated trading desks in New York. The successful candidate will act as a critical bridge between the Front Office and support functions (Risk, Finance, IT, and Trade Support), ensuring accurate revenue reporting, robust control environments, and deep understanding of P&L drivers.

Responsibilities

P&L Management & Attribution

• Daily/Monthly Revenue Control: Prepare and supervise monthly management revenues for the MBS desk, ensuring precise reconciliation with trader estimates and financial accounts.
• MBS P&L Attribution: Perform detailed analysis of daily P&L, providing breakdowns of key drivers, including interest rate sensitivity, credit spreads, and prepayment/extension risks.
• Reconciliation & Resolution: Reconcile P&L to Front Office estimates and resolve PV (Present Value) breaks between client/counterparty settlements and P&L control estimates.
• Ledger Integrity: Resolve Back Office ledger vs. P&L system cash breaks daily and ensure Month-to-Date (MTD) management P&Ls align with final Month-End General Ledger totals.

Risk, Control & Compliance

• Pricing & Control: Ensure pricing configurations comply with trading strategies and internal controls; collaborate with Valuation & Risk Control (V&RC) to maintain consistency.
• Risk Partnership: Work closely with Market Risk to validate MAP (Model Adjustment Provisions) and Reserves; evaluate and explain significant cash/PV movements that exceed established thresholds.
• Continuous Improvement: Actively participate in business development and process improvement initiatives to enhance control frameworks and operational efficiencies.

Project Leadership & Stakeholder Management

• Systems Deployment: Lead new system implementations, including requirement gathering, UAT (User Acceptance Testing), and reporting impact analysis.
• Front Office Liaison: Act as a proactive partner to the trading floor, resolving booking issues and operational inquiries promptly.
• Team Development: Assist in the training, mentorship, and professional development of junior analysts

Required Education, Skills and Experience (Must‑have)

• Experience: 4–8 years of professional experience in Product Control, P&L Control, Finance, or Trade Support.
• Product Expertise: Minimum 2+ years of direct experience controlling Equity products and Prime Brokerage activities.
• Technical Knowledge: Deep understanding of P&L Attribution and Greeks (Delta, Gamma, Vega, Theta).
• Analytical Ability: Proven experience in reconciling complex P&L to Front Office estimates and resolving PV/Cash breaks.
• Education: Bachelor's or Master's Degree in Finance, Accounting, or a related field.
• Core Tools: Advanced MS Excel skills and proficiency in navigating complex financial systems.

Preferred Education, Skills and Experience (Nice‑to‑have)

• Professional Certifications: CA, CFA, or FRM designation.
• nderstanding of Prepayment Risk, Convexity, and OAS (Option Adjusted Spread) modeling.
• Systems Experience: Experience with industry-standard platforms (e.g., Murex, Calypso) or leading UAT/System implementation projects.
• Global Exposure: Experience supporting New York or EMEA trading desks within a split-team or follow-the-sun organizational model.

BNP Paribas India Solutions – A wholly‑owned subsidiary of BNP Paribas SA, created in 2005. With delivery centres in Bengaluru, Chennai and Mumbai, the 24 × 7 global delivery hub serves Corporate & Institutional Banking, Investment Solutions and Retail Banking across the Group. Over 10 000 employees collaborate to design and deliver best‑in‑class solutions for our clients.

Commitment to Diversity & Inclusion

We foster a workplace where every employee is respected, valued and free to bring their authentic self to work. Discrimination or harassment of any kind is prohibited. Our policies guarantee equal employment opportunity irrespective of gender, gender identity, sexual orientation, ethnicity, race, colour, national origin, age, religion, disability, veteran status or any other protected characteristic.

BNP Paribas is committed to diversity and inclusion. We provide an equal‑opportunity workplace where every employee is respected, valued and free to bring their authentic self to work.