We are looking for an experienced consultant for a process and project initiative in Asset P&L (Profit and Loss) at a leading international financial services provider.
Typical responsibilities in this role:**
Analyze and document existing end-to-end P&L processes for various asset classes (e.g. equities, fixed income, derivatives).
Identify weaknesses, risks, and inefficiencies in data collection, processing, and reporting.
Design and plan optimized target processes for P&L calculation and attribution.
Prepare functional specs and business requirements for adapting or implementing IT systems (e.g. P&L engines, data warehouses).
Manage project implementation of new processes and tools, including milestone planning, stakeholder management, and test coordination.
Develop control mechanisms to ensure data quality and consistency.
Create training materials and lead workshops for business units (trading, controlling, risk).
Relevant technologies, tools, or methods:**
Advanced Analytics: MS Excel (Pivot, Power Query, VBA), SQL.
Business Intelligence: Tableau, Power BI, Qlik.
Project Management: Jira, Confluence, MS Project.
ERP/Finance Systems: SAP FI/CO, Oracle Financials, or industry-specific asset management platforms.
Methods: Business Process Model and Notation (BPMN 2.0), agile project management (Scrum/Kanban).
Typical KPIs or success metrics:**
P&L cycle time reduction: target >25% efficiency gain.
Reduction of manual correction entries: target >50% decrease through process automation.
Data quality index: increase first-time-right data acceptance rate to >99%.
Efficiency ratio (cost-to-income): demonstrate a positive impact on lowering the ratio.
User adoption rate: >80% acceptance of new processes/tools by business units after 3 months.
Key challenges, risks, or specifics:**
Heterogeneous system landscape and inconsistent data sources (data silos).
High complexity of financial products and valuation models.
Resistance to process changes within business units (change management).
Ensuring compliance with regulatory requirements (e.g. IFRS 9, BCBS 239).
Time- and budget-critical execution during ongoing operations.
Deliverables:**
Milestone 1: Completed current-state analysis and process documentation.
Deliverable 1: Detailed analysis report including risk and gap assessment.
Milestone 2: Finalized target concept and Business Requirements Document.
Deliverable 2: Implementation roadmap and project plan.
Milestone 3: Successful user acceptance test (UAT) of the new process/tool.
Deliverable 3: Acceptance minutes, training materials, and project closure report.
Must-haves:**
Degree in economics, finance, business informatics, or a related field.
Several years of project experience as a consultant or in-house consultant in the financial sector, especially in asset management, investment banking, or treasury.
Deep understanding of P&L processes, financial instruments, and relevant accounting standards (IFRS).
Proven experience in process analysis, optimization, and project management.
Nice-to-haves:**
Chartered Financial Analyst (CFA) certification or equivalent.
Experience with agile project methods.
Knowledge of SQL and common BI tools.
Personal qualities and mindset:**
Strong analytical and conceptual skills.
Excellent communication and presentation abilities to convey complex topics to different audiences.
High problem-solving skills and a hands-on attitude.
Persuasive skills and sensitivity when dealing with diverse stakeholders (traders, management, IT).