EMEA Rates Swaps Product Controller – Associate

The EMEA Rates Securities business is responsible for managing a broad range of cash rates products across developed and emerging markets. This includes government bonds, inflation-linked bonds, bills, repos, and other fixed income securities, supporting client flow, market-making activity, inventory management, and hedging strategies across multiple jurisdictions and currencies in a dynamic market environment.

As an Associate Product Controller in the EMEA Rates Team, you will be responsible for delivering accurate P&L and Market Risk reporting. This role involves close collaboration with stakeholders such as Front Office, Middle Office, Market Risk, Business Managers, and various teams across Finance.

Job Responsibilities:

• Review and report daily P&L and risk metrics.
• Validate and analyse daily P&L explanations, including Volcker attributions, first and higher order effects, and residuals.
• Perform month-end close reconciliations between the P&L Aggregator and General Ledger.
• Identify, design, and implement new controls and processes to enhance P&L production efficiency and align with Global Product Control standards.
• Participate in ongoing and new projects to ensure Product Control requirements are met.
• Prepare and deliver daily, weekly, and monthly P&L commentaries to senior management, explaining results in terms of desk risk, strategy, and market factors.
• Work with Financial Control to resolve cash flow breaks and review FX balances.
• Partner with the business to implement robust controls and support new initiatives.
• Coordinate across front and back office support functions to resolve control and reporting issues promptly and accurately.

Required qualifications, capabilities, and skills:

• Experience in Product Control, Financial Control, Accounting, or a related field.
• Bachelor’s degree in Accounting, Finance, Business, or a related discipline.
• Strong analytical and problem-solving abilities with keen attention to detail.
• Proactive approach to process improvement and innovation.
• Excellent communication skills, with the ability to explain complex concepts clearly.

Preferred qualifications, capabilities, and skills:

• Knowledge of financial products.
• Advanced Excel skills (VBA coding preferred).