SMBC Group

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Associate, Product Controller - SMBC Capital Markets, Inc.

Associate, Product Controller - SMBC Capital Markets, Inc.

Job Locations 
US-NY-New York
Career Category 
Capital Markets
Position ID 
Corporate Title 
Posting Date 

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The Product Control team is looking for an experienced Product Controller who will be responsible for daily valuation, p&l and risk analysis and reporting for our fixed income derivatives trading desk, month-end close, independent price verification (IPV), establish and implement a solid internal control framework surrounding the full trade lifecycle that provides assurance and reliability on the accuracy and completeness of information for financial, regulatory, management and other reporting. The successful candidate will be involved in internal controls and process efficiency projects, documentation of policies and procedures and liaising with internal and external auditors and regulators.



(1) Daily rates and revaluation:
- Collection and marking of rate curves, volatilities, credit spreads, exchange traded prices and bond prices in all currencies
- Daily valuation of derivatives portfolio
- P&L and risk analysis and reporting
- Ensure trades and their full life cycle are recorded and posted in the GL according to USGAAP
- Monitor trading activity for ad-hoc valuations and trade reserves

(2) Month-end close:
- Reconcile trading books to the general ledger
- Preparation of various month-end reports for internal and external reporting
- Independent Price Verification (IPV)

(3) Process Control Analysis:
- Review and assessment of current trade life cycle processes
- Evaluate internal controls to identify weaknesses
- Propose process and control enhancements
- Document review and assessment findings and proposed process and control improvements
- Work on projects with business analysts, project managers and IT to implement process and control improvements
- Participate in UAT testing and implementation of process and control improvements
- Write policies and procedures manual

(4) Liaison with internal and external auditors and regulators.



- Five to seven years of combined experience in financial services audit and product control

- Working knowledge of product control processes and trade lifecycle in accordance with USGAAP as well proper internal controls framework
- Knowledge of derivatives and other financial instruments
- Big 4 financial services audit experience preferred
- Bachelor’s degree in Accounting or Finance or equivalent
- CPA preferred
- Proficiency in Excel including working knowledge of advance functions
- Writing/documentation skills
- Building professional relationships/teamwork skills