At a Glance
- Tasks: Lead daily P&L production and valuation control for fixed income and derivatives trading.
- Company: Join a multinational investment bank with a strong finance and control function.
- Benefits: Competitive salary, career growth, and the chance to work in a dynamic environment.
- Other info: Collaborate with international teams and enhance reporting processes.
- Why this job: Make a real impact in trading activities across European markets.
- Qualifications: Extensive Product Control experience and strong knowledge of financial products.
The predicted salary is between 63000 - 77000 £ per year.
A multinational investment bank is seeking a senior Product Control Manager focused on Fixed Income and Derivatives. This is a senior opportunity for an experienced Product Controller to join a high calibre Finance and Control function supporting the bank’s trading activities across European markets. The successful candidate will report to the Head of Management Reporting and Product Control.
The role requires full ownership of daily P&L production, valuation control and balance sheet substantiation for fixed income and derivatives trading books. It combines hands-on technical work with direct engagement with trading desk heads, risk management, treasury, valuation teams and finance leadership.
Key Responsibilities
- Produce and validate daily P&L for fixed income and derivatives trading desks, including clear commentary and variance analysis.
- Substantiate balance sheet positions for trading books, ensuring valuation accuracy and detailed reconciliation.
- Investigate and resolve P&L breaks and pricing discrepancies, working closely with front office and support functions.
- Perform independent price verification and market conformity checks using external market data.
- Review valuation adjustments, funding charges and associated fees.
- Assess hedge effectiveness and work with Treasury, Risk and Operations on trading activity oversight.
- Support month-end, quarter-end and year-end close for trading portfolios.
- Drive enhancements in reporting processes, automation and data quality.
- Act as a key point of contact for auditors and front office on valuation and P&L matters.
- Collaborate closely with the accounting team to ensure accurate and compliant financial reporting.
Requirements
- Extensive Product Control experience within an international investment bank.
- Strong knowledge of fixed income and derivatives products such as rates, FX and credit.
- Hands-on background in Finance and Control with direct exposure to daily P&L production, valuation and reconciliation.
- Proven experience interacting with front office and supporting the trading book.
- Solid understanding of accounting standards including IFRS and relevant regulatory requirements.
- Strong analytical capability and proficiency in market data, valuation concepts and technical problem solving.
- Ability to communicate complex issues clearly and challenge stakeholders where necessary.
- Professional approach with the ability to work both independently and within cross-functional teams.
- Professional accounting or finance qualification.
- Consulting experience only when combined with a genuine Product Control background.
- Experience working with international teams and auditors.
To Apply, email your CV to mark.donnelly@afrecruitment.ie or click “Apply” to submit your application.
Product Control Manager – Fixed Income & Derivatives (Paris based) employer: A+F Recruitment
As a leading multinational investment bank based in Paris, we pride ourselves on fostering a dynamic and inclusive work culture that encourages professional growth and collaboration. Our employees benefit from competitive compensation packages, comprehensive training programmes, and the opportunity to engage directly with senior leadership across various functions, making this an ideal environment for those seeking meaningful and rewarding careers in finance. Join us to be part of a team that values innovation and excellence in the fast-paced world of fixed income and derivatives.
StudySmarter Expert Advice🤫
We think this is how you could land Product Control Manager – Fixed Income & Derivatives (Paris based)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like A+F Recruitment. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Product Control Manager – Fixed Income & Derivatives (Paris based)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to A+F Recruitment.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on A+F Recruitment's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at A+F Recruitment
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with A+F Recruitment.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at A+F Recruitment will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former A+F Recruitment employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
