Associate Precious Metals Product Control
Associate Precious Metals Product Control

Associate Precious Metals Product Control

Full-Time 60000 - 80000 ÂŁ / year (est.) No home office possible
J.P. Morgan

At a Glance

  • Tasks: Analyse and control daily P&L for precious metals, ensuring accuracy and compliance.
  • Company: Join a leading global Commodities franchise with a focus on innovation.
  • Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
  • Other info: Collaborative environment with a focus on continuous improvement and automation.
  • Why this job: Make a real impact in the dynamic world of commodities trading.
  • Qualifications: Experience in Product Control or Accounting, strong analytical skills required.

The predicted salary is between 60000 - 80000 ÂŁ per year.

Make your impact at the heart of our global Commodities franchise. In this role, your analysis powers daily decision‑making while your controls safeguard a complex platform spanning gold, silver, and PGMs across derivatives and physical markets. You'll partner closely with trading and control teams to deliver timely, accurate financials and strong governance. Bring your curiosity and problem‑solving mindset to modernize processes and raise the bar on data quality and automation. Join us to build scalable standards that elevate how we work.

As a Product Controller in Precious Metals, you will own daily P&L and risk explains, strengthen balance sheet controls, and collaborate with partners across regions to deliver accurate, timely financials and robust governance. You will work with us to enhance controls, standardize reporting, and drive automation that improves quality and speed. Together, we will reduce breaks, improve audit outcomes, and unlock insight for the business.

Job responsibilities
  • Own the daily P&L production cycle and deliver timely, accurate product‑level risk and P&L with clear, actionable commentary.
  • Prepare, validate, and communicate risk‑based P&L explains, including new trades, risk revaluation, carry/leasing, basis moves, bid‑ask, and residuals.
  • Partner with the desk and Valuation Control on valuation approaches for forwards, futures, options, swaps, and EFPs, including valuation adjustments and reserves.
  • Oversee balance sheet substantiation for metals inventory and derivatives; support reconciliations for loco‑specific inventory and vault positions.
  • Investigate and resolve P&L and balance sheet breaks, coordinate across Finance, Operations, Market Risk, Valuation Control, and Technology, and maintain aging metrics.
  • Design and improve processes and controls for P&L and risk production, substantiation, and key controls; contribute to global standards and playbooks.
  • Drive change initiatives with Finance Change/Tech on data quality, systems enhancements, automation, and reporting standardization.
  • Support month‑end and quarter‑end close, legal entity reporting, and audit requests with well‑documented evidence and policy‑aligned judgments.
  • Communicate insights that inform trading, risk, and finance stakeholders; escape issues early with clear remediation plans.
  • Champion continuous improvement and knowledge sharing across regions and time zones.
  • Uphold control discipline and compliance with policy and minimum standards.
Required qualifications, capabilities, and skills
  • Relevant experience in Product Control, Financial Control, or Accounting within a trading business, including commodities or FX/rates options exposure.
  • Proven proficiency with daily P&L production, risk‑based explains, and month‑end close processes.
  • Bachelor's degree in Accounting, Finance, Economics, or a related field.
  • Strong analytical skills, attention to detail, and ownership mindset in a fast‑paced environment.
  • Excellent communication and stakeholder management skills across Front Office, Risk, Operations, Valuation Control, Technology, and Finance.
  • Ability to influence outcomes and drive timely resolution of issues.
  • Comfort working across regions, time zones, and functions; strong teamwork and collaboration.
  • Familiarity with balance sheet substantiation and reconciliations for trading businesses.
  • Working knowledge of valuation concepts and fair value measurement in derivatives and inventory.
  • Competence with Excel and data analysis; ability to produce clear, concise reporting.
  • Commitment to control discipline, documentation quality, and governance.
Preferred qualifications, capabilities, and skills
  • Direct experience in Precious Metals markets across derivatives and physical flows, including spot/forwards, futures, options, swaps, and EFPs.
  • Understanding of metals market specifics: loco conventions, good‑delivery bars, vaulting and bar allocation, leasing/rate curves, cost of carry, and loco swaps.
  • Familiarity with valuation and control topics: fair value hierarchy, day‑one P&L, valuation adjustments, bid‑ask reserves, non‑modellable risk factors, and IPV for curves and vol surfaces.
  • Experience leading process improvements and automation; proficiency with dashboarding and reporting tools.
  • Exposure to SOX/ICFR frameworks, policy governance, internal/external audit, and model risk/valuation governance.
  • Practical knowledge of data quality management and control attestations.
  • Experience partnering with technology teams to deliver systems enhancements and standardize reporting.

Associate Precious Metals Product Control employer: J.P. Morgan

Join a dynamic and innovative team at the forefront of the global Commodities franchise, where your contributions as an Associate Precious Metals Product Controller will directly impact decision-making and governance. Our collaborative work culture fosters continuous improvement and knowledge sharing, while offering robust opportunities for professional growth in a fast-paced environment. With a commitment to excellence and a focus on automation and data quality, we provide a unique platform for you to elevate your career in the exciting world of precious metals.
J.P. Morgan

Contact Detail:

J.P. Morgan Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Associate Precious Metals Product Control

✨Tip Number 1

Network like a pro! Reach out to folks in the industry, especially those already working in Precious Metals or Product Control. A friendly chat can lead to insider info about job openings and even referrals.

✨Tip Number 2

Prepare for interviews by brushing up on your knowledge of P&L production and risk management. Be ready to discuss how you can enhance controls and drive automation – show them you’re the problem-solver they need!

✨Tip Number 3

Don’t just apply anywhere; focus on companies that align with your values and career goals. Use our website to find roles that excite you and match your skills in financial control and commodities.

✨Tip Number 4

Follow up after interviews! A quick thank-you email can keep you top of mind. Mention something specific from your conversation to show you were engaged and are genuinely interested in the role.

We think you need these skills to ace Associate Precious Metals Product Control

Product Control
Financial Control
Accounting
Daily P&L Production
Risk-Based Explanations
Month-End Close Processes
Analytical Skills
Attention to Detail
Communication Skills
Stakeholder Management
Balance Sheet Substantiation
Reconciliations
Valuation Concepts
Excel Proficiency
Data Analysis

Some tips for your application 🫡

Tailor Your CV: Make sure your CV speaks directly to the role of Associate Precious Metals Product Control. Highlight your relevant experience in product control, financial control, or accounting, especially within trading businesses. We want to see how your skills align with our needs!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to showcase your analytical skills and problem-solving mindset. Tell us how you can contribute to modernising processes and improving data quality at StudySmarter. Keep it engaging and relevant!

Showcase Your Teamwork Skills: Collaboration is key in this role, so make sure to highlight your experience working across different teams and regions. Share examples of how you've influenced outcomes and driven timely resolutions in past roles. We love a good team player!

Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get to know you better. Don’t miss out on the chance to join our amazing team!

How to prepare for a job interview at J.P. Morgan

✨Know Your Numbers

Make sure you’re well-versed in daily P&L production and risk-based explanations. Brush up on how to articulate your understanding of key metrics and financials, as this will be crucial when discussing your past experiences and how they relate to the role.

✨Showcase Your Analytical Skills

Prepare to demonstrate your analytical prowess by discussing specific examples where you've tackled complex problems or improved processes. Be ready to explain how your curiosity and problem-solving mindset have led to successful outcomes in previous roles.

✨Communicate Clearly

Since you'll be collaborating with various teams, practice articulating your thoughts clearly and concisely. Think about how you can convey insights that inform trading and finance stakeholders, and prepare to discuss how you’ve managed stakeholder relationships in the past.

✨Emphasise Continuous Improvement

Be prepared to talk about your experience with process improvements and automation. Highlight any initiatives you've led that enhanced data quality or reporting standards, as this aligns perfectly with the expectations for the role.

Associate Precious Metals Product Control
J.P. Morgan

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