Associate / Senior Associate, Precious Metals Product Control
On-site · London, England, United Kingdom
Job Summary
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; escalate 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
- Bachelor’s degree in Accounting, Finance, Economics, or a related field
- Relevant 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
- 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
- Direct experience in Precious Metals markets across derivatives and physical flows, including spot/forwards, futures, options, swaps, and EFPs
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