Associate / Senior Associate, Precious Metals Product Control in London

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 will 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; elevate 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

• 2+ years of 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.