Product Contrller

Caxton Associates LP.; Bengaluru; On-site; INR 4,000,000 - 6,200,000; Full time

Job summary

Caxton Associates LP in Bengaluru seeks a VP-level Product Controller with 10+ years in Product Control/IPV/Valuation across asset classes, focusing on Rates, FX and Equities. You will explain P&L drivers to PMs, Traders, Operations and Risk, and strengthen valuation controls.

You will lead junior colleagues in the Bangalore office and drive projects to enhance accuracy, controls and efficiency, including IPV processes and pricing governance with Bloomberg and Citi Velocity data.

Qualifications

• 10+ years in Product Control/IPV/Valuation within hedge funds, asset managers, or investment banks.
• CA, CFA, or MBA (Finance) preferred.
• Proven experience leading projects to completion.
• Strong knowledge of rates, FX and equities valuation.

Responsibilities

• Own and explain daily P&L with attribution for Portfolio Managers in Bangalore and globally.
• Lead junior Product Control members in the Bangalore office.
• Drive initiatives to enhance valuation accuracy, controls, and operational efficiency.
• Perform IPV using internal models and third-party data; resolve pricing discrepancies.
• Execute and improve daily/weekly/monthly controls; reconcile with fund administrator.
• Collaborate with PMs, Operations, Risk, Quant, and Finance to resolve issues.

Skills

P&L analysis

IPV / Valuation

Project leadership

Valuation methodologies

Cross-functional collaboration

Bloomberg data usage

Education

CA

CFA

MBA (Finance)

Tools

Bloomberg

Citi Velocity

AI tools

Job description

We are seeking a VP-level Product Controller to join our Bangalore office, with a proven track record of experience across a range of asset classes, with a strong focus on Rates, FX and Equities. The successful candidate will work closely with Portfolio Managers, Trading, Operations, and Risk teams globally to explain P&L drivers, ensure robust valuation controls, lead and drive forward ongoing projects and support the continued enhancement of Caxton’s operating and control framework.

This role offers exposure to complex derivatives, direct interaction with investment teams, and opportunities to contribute to process automation and technology initiatives.

Responsibilities:

• Own and explain daily P&L, providing clear attribution and analysis, being the primary Product Control point of contact for Portfolio Managers in the Dubai and Singapore offices, as well as supporting the wider team on global P&L-related queries.
• Help to lead and guide junior Product Control members in the Bangalore office.
• Lead and drive forward key ongoing projects and initiatives to enhance valuation accuracy, controls, and operational efficiency.
• Assist in performing Independent Price Verification (IPV) using internal models and third-party sources (e.g. Bloomberg, Citi Velocity), and resolve pricing discrepancies.
• Execute, review and enhance key daily, weekly, and monthly controls, including position and valuation reconciliations with the fund administrator, ensuring compliance with fund SLAs.
• Partner with Portfolio Managers, Operations, Risk, Quant, and Finance teams to investigate and resolve booking, valuation, and P&L issues.

Experience:

• 10+ years of experience in Product Control / IPV / Valuation within a hedge fund, asset manager, or investment bank.
• Strong academic background: CA, CFA, or MBA (Finance) preferred.
• Proven experience of being able to lead and drive projects/initiatives to completion.
• Strong technical knowledge of across asset classes primarily Rates, FX and Equities, including valuation methodologies, risk sensitivities and P&L attribution.
• Solid understanding of lifecycles across asset classes.
• Strong understanding of yield curves and volatility surfaces, and model-based pricing for rates products.
• Proficiency with market data and valuation tools such as Bloomberg (or equivalent).
• Experience with AI tool would be beneficial