Product Control Associate - Hedge Fund

Our client, a highly successful hedge fund with over $60B AUM, is looking to hire a Product Control Associate for a newly created position within the firm. This person will be responsible for overseeing P&L reporting, risk and valuation control, and trade lifecycle support for credit-related products. This role requires you to be in the office Monday through Thursday.

Job Function

• P&L Calculation and Reporting:
• Daily production of P&L for credit-related products, ensuring accuracy, completeness, and alignment with trading activity.
• Assist in monthly and quarterly P&L reporting, including the preparation of commentary on performance and risk metrics.
• Risk and Valuation Control:
• Perform valuation checks and support the validation of mark-to-market prices for credit products, including CDS, bonds, loans, and securitized instruments.
• Collaborate with the risk management team to ensure accurate exposure reporting and adherence to risk limits.
• Trade Lifecycle Support:
• Monitor and verify trade booking and settlement for credit products.
• Ensure proper reconciliation of positions and cash flows with the middle office and operations teams.
• Reporting and Data Analysis:
• Develop and maintain reporting tools and dashboards to provide timely insights into portfolio performance and risk metrics.
• Prepare ad hoc reports as required by senior management and stakeholders.
• Collaboration and Stakeholder Management:
• Work closely with traders, risk managers, and other control functions to ensure seamless communication and issue resolution.
• Build strong relationships with internal stakeholders and external counterparties to improve workflow efficiency.
  

Job Requirements

• 2-5 years of relevant experience in product control, middle office, operation or accounting within the Credit space
• Exposure to credit products such as CDS, cash bonds, CLOs, structured credit, and credit derivatives is essential.
• Proficiency in Excel, including advanced formulas, pivot tables, and macros.
• Familiarity with financial software and systems (e.g., Bloomberg, Reuters, Markit, or similar platforms).
  
  
  

Disclosure: The hourly rates and/or salaries listed may or may not reflect total compensation packages including bonus and fringe benefits, etc., nor are the advertisement(s) posted a guarantee of a certain compensation package for a position or bona fide offer of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

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