EMEA Rates Swaps Product Controller – Associate

Help turn market activity into trusted financial results. 

The EMEA Rates Swaps business is responsible for trading a wide array of interest rate products, primarily focused on flow and vanilla derivatives. This includes interest rate swaps, cross-currency swaps, forward rate agreements (FRAs), overnight index swaps (OIS), basis swaps, and inflation-linked swaps, along with related hedging and risk management solutions tailored to meet client needs across a broad range of maturities and currencies in a dynamic market landscape.

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.

• 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).