A leading financial institution is seeking an experienced Product Control leader to oversee valuation control, daily P&L validation, and independent price verification activities across Rates and XVA derivative portfolios. This role will manage a team of Product Control professionals and serve as a key partner to Front Office, Risk, Finance, and Regulatory Reporting teams.
The ideal candidate will bring deep expertise in XVA, derivatives valuation, fixed income products, P&L attribution, valuation controls, and Volcker Reporting within a banking or capital markets environment.
RESPONSIBILITIES
Lead daily P&L validation, attribution, explanation, and reporting processes across Rates and XVA trading desks
Manage and develop a team of Product Control professionals responsible for valuation oversight and reporting
Oversee independent price verification (IPV) processes for rates derivatives, fixed income products, and XVA portfolios
Review valuation methodologies, reserves, and pricing adjustments to ensure accuracy and compliance with internal controls
Partner with Front Office, Risk, Finance, and Operations teams to investigate valuation issues and resolve discrepancies
Enhance and automate P&L reporting, valuation controls, and management reporting processes
Support finance transformation initiatives and modernization of reporting infrastructure
Monitor trading activity and assess valuation impacts associated with new transactions and complex structures
Manage and review Volcker Reporting requirements and related controls
Develop and maintain policies, procedures, governance documentation, and EUC controls for critical reporting processes
Support internal and external audits, regulatory reviews, and control framework initiatives
QUALIFICATIONS
Bachelor's degree in Accounting, Finance, Economics, Mathematics, or related field
8+ years of Product Control, Valuation Control, Capital Markets Advisory, or Fixed Income Finance experience
Strong experience covering XVA derivatives and fixed income products required
Prior management experience leading Product Control, Valuation Control, or finance teams required
Deep understanding of derivatives valuation methodologies, P&L attribution, and trade lifecycle controls
Experience with Rates products, XVA, and valuation adjustment frameworks strongly preferred
Knowledge of Volcker Reporting requirements required
Strong understanding of internal controls, valuation governance, and regulatory reporting processes
Experience working with large datasets, financial systems, and reporting architecture
Advanced Excel skills and strong analytical capabilities
CPA, CFA, or FRM designation is a plus
Candidates from investment banks, broker-dealers, capital markets advisory practices, or Big 4 valuation groups are encouraged to apply
Proven leadership, communication, and stakeholder management skills with the ability to drive process improvements and mentor junior team members
Numbers & Facts
Location
Jersey City, NJ
Skills
Accountingunmatched
Analysis Skillsunmatched
Banking Servicesunmatched
Brokerageunmatched
Capital Marketsunmatched
Certified Public Accountant (CPA)unmatched
Chartered Financial Analyst (CFA)unmatched
Data Setsunmatched
Derivativesunmatched
Documentationunmatched
Economicsunmatched
External Auditunmatched
Financeunmatched
Financial Analysisunmatched
Financial Operationsunmatched
Financial Regulationsunmatched
Financial Reportingunmatched
Financial Systemsunmatched
Fixed Income Investmentsunmatched
Internal Auditunmatched
Investment Servicesunmatched
Leadershipunmatched
Maintain Complianceunmatched
Management Reportingunmatched
Mathematicsunmatched
Mentoringunmatched
Microsoft Excelunmatched
Policy Developmentunmatched
Pricingunmatched
Problem Solving Skillsunmatched
Procedure Developmentunmatched
Process Improvementunmatched
Product Controlunmatched
Profit & Lossunmatched
Regulationsunmatched
Regulatory Reportsunmatched
Riskunmatched
System Architectureunmatched
Team Lead/Managerunmatched
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