ABOUT THE ROLEA 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