Product Control Director

Sumitomo Mitsui Banking CorporationJersey City, NJ
119d$179,000 - $220,000Hybrid

About The Position

We are looking for an experienced finance professional to join the Product Control team responsible for daily P&L validation, attribution, reporting, price testing and other ad hoc analytical functions. We will trust this candidate to maintain a solid internal control framework around the entire trade lifecycle that assures the reliability, accuracy, and completeness of information for financial, regulatory, and management reporting. The successful candidate will be involved in internal controls, process efficiency, and finance transformation projects. The candidate will also document department-level policies and procedures and manage the EUC (End User Computing) control process for critical spreadsheets.

Requirements

  • 10+ years of combined experience in financial services audit or capital markets advisory or fixed income product control.
  • Derivatives experience required. Experience in Rates business or xVA is an advantage.
  • Bachelor’s degree in accounting or finance or equivalent field of study.
  • Working knowledge of product control processes, trade lifecycle, and proper internal controls framework within capital markets fixed income or advisory.
  • Knowledge of derivatives and other financial instruments per US GAAP.
  • Leadership skills with proven ability to mentor and train junior staff.
  • Proficiency in Excel, including working knowledge of advanced functions.
  • Excellent documentation skills.
  • Ability to work with big data and understand system architecture.
  • Ability to self-learn and navigate through the company to get work done with minimal supervision.

Nice To Haves

  • CPA, CFA, or FRM is an advantage.
  • Experience in Rates business or xVA is an advantage.

Responsibilities

  • Manage the processes around daily P&L validation, explanation, and reporting for interest rate and XVA desks.
  • Actively engage in the enhancement of the independent price verification framework for rates derivatives products and xVA.
  • Lead creation/automation of templates and enhancing the controls around P&L reporting.
  • Assist with transformation efforts to modernize the company's financial infrastructure.
  • Monitor trading activity for ad-hoc valuations and trade reserves and work with partners to ensure accuracy of financial statements.
  • Document new policies and procedures.
  • Review and manage Volcker Reporting requirements.
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