Product Control Specialist - Fixed Income Rates – Multi-Strategy Hedge Fund – Flexible Working

Black Swan Group; Greater London; Hybrid; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Complimentary breakfast and lunch

Hybrid working model

Job summary

Black Swan Group in London is seeking a Senior Product Control Specialist to own daily P&L and valuation oversight across Fixed Income and OTC derivatives.

You will partner with Front Office to analyze P&L, investigate pricing discrepancies, and deliver insights to traders and senior stakeholders while strengthening valuation controls and market data quality.

Qualifications

• 7+ years in Product Control, Valuations or Front Office Control at a leading hedge fund or Tier 1 bank.
• Deep Fixed Income and Rates product knowledge including IRS and bonds.
• Experience with pricing methodologies, valuation controls and market data.
• Strong Python/SQL/Excel skills are highly advantageous.

Responsibilities

• Own daily P&L and valuation oversight across Fixed Income and OTC derivatives.
• Analyze P&L, investigate pricing discrepancies and deliver insights to traders and senior stakeholders.
• Maintain robust valuation controls, market data handling and pricing methodologies.
• Support valuation model enhancements, product launches and automation initiatives.

Skills

Product Control

Valuations

Front Office Control

Fixed Income

OTC Derivatives

Interest Rate Swaps

Education

Numerate degree

Tools

Python

SQL

Advanced Excel

Job description

An elite, multi-strategy, multi-billion-dollar AUM hedge fund is seeking an experienced Senior Product Control Specialist to join its highly regarded London team.

The successful candidate will take ownership of daily P&L and valuation oversight across a broad range of Fixed Income and OTC derivative products, partnering closely with the Front Office to analyse P&L, investigate pricing discrepancies and deliver insightful analysis to traders and senior stakeholders. A key part of the role will involve maintaining robust controls around valuations, market data and pricing, with particular emphasis on interest rate curves, yield curves and pricing methodologies, ensuring the integrity of financial information used by the trading desks.

Working closely with Risk, Technology, Quantitative Analytics and Operations, you'll contribute to enhancements in valuation models, support new product launches and drive automation initiatives to strengthen controls and improve scalability. This is an exceptional opportunity to work in a high-performance trading environment with significant Front Office exposure and responsibility.

The ideal candidate will have 7+ years' experience within Product Control, Valuations or a Front Office Control function gained at a leading hedge fund or Tier 1 investment bank. You'll possess deep Fixed Income and Rates product knowledge, including experience with Interest Rate Swaps (IRS), bonds and other OTC derivatives, alongside a strong understanding of pricing methodologies, valuation controls, interest rate curves and market data. A numerate degree is preferred, with Python, SQL and Advanced Excel skills viewed as highly advantageous.

The firm offers a highly competitive compensation package, an excellent bonus, complimentary breakfast and lunch, and a flexible hybrid working model once you've established yourself in the role.