Product Control Director

Sumitomo Mitsui Financial Group, Inc. • $179K — $220K *
Jersey City, NJ 07305In-Person
Finance & Insurance
8 - 10 years of experience
Reposted Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 10+ years in financial services audit or capital markets advisory or fixed income product control
  • Derivatives experience required; Rates business or xVA experience is a plus
  • Bachelor's degree in accounting, finance, or a related field
  • CPA, CFA, or FRM designation is advantageous
  • Proficient in product control processes, trade lifecycle, and internal controls framework in capital markets
  • Familiarity with US GAAP for derivatives and financial instruments
  • Strong leadership skills with the ability to mentor junior staff

Responsibilities

  • Manage daily P&L validation and reporting for interest rate and XVA desks
  • Enhance independent price verification for rates derivatives products and xVA
  • Lead the automation of templates and improve P&L reporting controls
  • Assist in modernizing the company's financial infrastructure
  • Monitor trading activity for valuations and ensure financial statement accuracy
  • Document new policies and procedures for the department
  • Oversee Volcker Reporting requirements

Benefits

  • Hybrid work model allowing remote work as well as in-office options
  • Support for reasonable accommodations for applicants with disabilities
  • Access to a comprehensive benefits portfolio
  • Employee development and mentorship opportunities
  • Involvement in finance transformation projects
Full Job Description
Role Description

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.

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.


Qualifications and Skills

  • 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.
  • CPA, CFA, or FRM is an advantage.
  • 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.


Additional Requirements

SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

About Sumitomo Mitsui Financial Group, Inc.

Sumitomo Mitsui Financial Group, Inc. Careers

There has never been a more opportune time to join the dynamic team at Sumitomo Mitsui Financial Group, Inc. (SMFG)—a leading force in the financial services industry recognized for its leadership in innovation and diversity.

Explore Job Opportunities

Sumitomo Mitsui Financial Group, Inc. offers a plethora of job opportunities that cater to a variety of skills and interests. The company is renowned for its commitment to professional growth and leadership development, making it an ideal environment for ambitious individuals looking to advance their careers.

Experience Professional Growth

At SMFG, career advancement is not just a possibility but a priority. The company supports its team members with extensive training programs, including leadership development and diversity training, ensuring that every employee has the tools and knowledge necessary to succeed.

Join a Diverse and Inclusive Team

Diversity and inclusion are at the core of the company culture at Sumitomo Mitsui Financial Group, Inc. With a global team that values unique perspectives and fosters a collaborative and inclusive environment, SMFG is a place where everyone can thrive.

Internship Programs

For those starting their career journey, SMFG offers internship programs that provide a robust foundation in the financial sector. Interns gain invaluable experience, working alongside seasoned professionals and engaging in projects that offer real-world applications of their studies.

Benefits and Culture

Sumitomo Mitsui Financial Group, Inc. is dedicated to not only attracting but also retaining top talent by offering competitive benefits that enhance both personal and professional life. The company culture promotes work-life balance, employee well-being, and continuous learning.

Innovative Work Environment

Innovation is a key driver of SMFG’s success. Employees are encouraged to bring forward-thinking ideas to the table and are provided with the resources to transform these ideas into actionable solutions that drive the financial industry forward.

Networking and Career Development

Networking opportunities within SMFG are abundant. Employees are encouraged to connect with colleagues and industry leaders through various platforms and events, enhancing their professional network and opening doors to myriad career opportunities.

Apply for a Position

Sumitomo Mitsui Financial Group, Inc. is actively hiring and looking for talented individuals who are passionate, curious, and driven. Explore open positions that match your skills and interests on the SMFG careers page.

Stay Connected with SMFG Careers

Keep up to date with the latest career tips, industry insights, and company news from Sumitomo Mitsui Financial Group, Inc. Subscribe to receive updates and stay informed about new job openings and employment trends.

Prepare for Your Interview

Aspiring to join SMFG? Prepare your resume to reflect your best self and gear up for the interview process where you can showcase your skills and passion for finance and innovation.

Career Opportunities Await

At Sumitomo Mitsui Financial Group, Inc., the potential for professional development and personal growth is limitless. Discover the exciting and rewarding career opportunities that await at SMFG, where every position contributes to the company’s global success and leadership in the financial industry.
Learn more about Sumitomo Mitsui Financial Group, Inc.
Industry
Finance & Insurance
* Ladders Estimates

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at Sumitomo Mitsui Financial Group, Inc.

More Finance & Insurance Jobs

Find similar Product Control Director jobs:

NationwideJersey City, NJ