At a Glance
- Tasks: Lead a high-performing team in valuation control and P&L reporting.
- Company: Join a leading global banking organisation in a dynamic London environment.
- Benefits: Competitive daily rate, hybrid working, and opportunity for strategic impact.
- Other info: Engage with auditors and regulators, ensuring robust compliance and controls.
- Why this job: Drive change and governance in a diverse trading business while enhancing your leadership skills.
- Qualifications: Extensive experience in Product Control and proven leadership at VP/Director level.
Global Banking Organisation, London hybrid based 9 month contract, £920 per day inside IR35.
We’re partnering with a leading global banking organisation to hire an experienced Product Control Director on an interim basis in London. This is a senior role sitting at the intersection of Front Office, Risk, and Finance, with responsibility for driving robust valuation control, accurate P&L reporting, and strong governance across a diverse trading business. You’ll lead a high‑performing team and play a key role in valuation oversight, regulatory engagement, and strategic change initiatives.
Key Responsibilities:- Lead and develop the Product Control team, ensuring strong delivery, governance, and control environment.
- Oversee Independent Price Verification (IPV) across key products and risk parameters.
- Manage valuation adjustments, reserves, and provisions, including methodology oversight.
- Lead Prudent Valuation processes and regulatory submissions.
- Drive valuation governance and present key issues at senior forums.
- Partner with auditors and regulators, ensuring robust controls and compliance.
- Lead strategic projects and system enhancements across Product Control.
- Support new product approvals and complex transactions.
- Build strong relationships across Front Office, Risk, Finance, and global stakeholders.
- Extensive Product Control / Valuation Control experience within a global bank.
- Strong coverage across Rates, Credit, and Equities (Rates highly desirable).
- Proven leadership at VP / Director level, managing high‑performing teams.
- Deep expertise in IPV & Valuation Control.
- Valuation adjustments & reserves, Prudent Valuation frameworks.
- Strong understanding of financial products, risk drivers, and valuation methodologies.
- Experience engaging with auditors, regulators, and senior stakeholders.
- Track record of driving change, improving controls, and delivering strategic initiatives.
Product Control Director employer: Magnit Global
Contact Detail:
Magnit Global Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Control Director
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking sector, especially those who work in Product Control. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of valuation control and regulatory frameworks. We recommend practising common interview questions related to P&L reporting and governance to show you’re the right fit.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds.
✨Tip Number 4
Apply through our website for the best chance at landing that Product Control Director role. We’ve got all the latest opportunities listed, and it’s the quickest way to get your application noticed!
We think you need these skills to ace Product Control Director
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Product Control Director. Highlight your experience in valuation control and managing high-performing teams, as these are key for us. Use specific examples that showcase your expertise in IPV and financial products.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Tell us why you're the perfect fit for this role. Mention your leadership experience and how you've driven change in previous positions. Keep it concise but impactful, and don’t forget to show your enthusiasm for the opportunity!
Showcase Relevant Experience: When filling out your application, make sure to emphasise your extensive experience in Product Control and Valuation Control. We want to see how you've managed valuation adjustments and engaged with auditors and regulators. Be specific about your achievements!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss any important updates. Plus, it’s super easy to do—just follow the prompts and submit your materials!
How to prepare for a job interview at Magnit Global
✨Know Your Numbers
As a Product Control Director, you'll need to demonstrate your deep understanding of valuation methodologies and financial products. Brush up on key metrics, P&L reporting, and the specifics of Independent Price Verification (IPV) to show you’re not just familiar but an expert in these areas.
✨Showcase Leadership Skills
This role requires strong leadership, so be ready to discuss your experience managing high-performing teams. Prepare examples of how you've developed talent, driven change, and improved controls in previous roles. Highlight your ability to lead strategic projects and engage with senior stakeholders.
✨Understand the Regulatory Landscape
Familiarise yourself with the regulatory requirements relevant to valuation control and prudent valuation processes. Be prepared to discuss how you've partnered with auditors and regulators in the past, and how you can ensure compliance while driving governance in the new role.
✨Build Relationships
This position involves collaborating with various teams across Front Office, Risk, and Finance. Think about how you’ve built strong relationships in your previous roles and be ready to share specific examples. Emphasise your communication skills and your approach to fostering collaboration among diverse stakeholders.