Structured Rates Product Control (Associate)

Overview

In this role, you will partner with Traders to ensure accurate P&L reconciliation and robust control processes for structured rates products. You will own month-end valuation controls, balance sheet substantiation, and reporting to senior trading and finance teams, while supporting risk management and other stakeholders. The position involves understanding performance metrics, independent price verification, and monitoring risk indicators to escalate issues as needed. You will contribute to new product initiatives and the evolution of complex derivative booking models in a fast-paced, risk-aware environment.

Responsibilities

• Reconcile P&L with Traders and resolve discrepancies with Risk Management and Operations
• Own month-end processes including valuation controls and balance sheet substantiation; report to senior management
• Understand business performance and conduct independent price verification of trading inventory
• Monitor KRIs and thresholds; escalate issues to management for resolution
• Engage in new product initiatives and refine complex derivative booking models

Key requirements

• Product control and accounting experience with complex structured derivatives
• Strong numerical and communication skills; ability to discuss complex issues with senior stakeholders
• Proactive, initiative-taking mindset to improve processes and systems
• Understanding of rates derivatives including options and hybrid products; familiarity with IR derivatives
• Strong interest in Financial Markets and Banking; ability to interact with key business stakeholders

• problem-solving mindset
• effective communication
• stakeholder engagement
• structured derivative product knowledge
• valuation controls and independent price verification
• P&L reconciliation

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