Senior Product Control: OTC Rates & Trade Validation

Concentrix; Philippines; On-site; PHP 600,000 - 900,000; Full time

Job summary

Concentrix Manila seeks a Senior Associate to Assistant Manager level with experience in Middle Office or Product Control and strong exposure to OTC Rates Derivatives. You will verify trades, validate economics, and ensure accurate capture across the trade lifecycle while collaborating with Front Office, Back Office, Finance, and Product Control teams in a global banking environment.

The role emphasizes attention to detail, issue resolution, and process improvements.

Qualifications

• 3–7 years of relevant experience in Product Control, Middle Office, Trade Support, or OTC Trade Validation
• Strong working knowledge of Rates and Interest Rate Derivatives
• Hands‑on exposure to products such as Interest Rate Swaps, Cross‑Currency Swaps, Swaptions, Caps, Floors, FRAs, or Futures
• Experience reviewing trade bookings, recaps or confirmations, amendments, valuations, and trade exceptions

Responsibilities

• Validate OTC Rates Derivative trades booked in Front Office systems against trade recaps and supporting documentation
• Review key trade economics and identify booking discrepancies or control exceptions
• Validate futures transactions and support timely clearing
• Ensure trade amendments are completed promptly and corresponding present values are checked
• Investigate mismatches and expose potential position or transaction issues
• Report, explain, and validate exceptions identified during trade validation
• Support global process-improvement and system-migration initiatives
• Recommend practical improvements that strengthen controls and team productivity

Skills

OTC Rates Derivatives

Excel proficiency

Financial analysis

Communication skills

Education

Bachelor's degree in Finance/Accounting/Economics

Tools

Excel

Job description

Concentrix Manila seeks a Senior Associate to Assistant Manager level with experience in Middle Office or Product Control and strong exposure to OTC Rates Derivatives. You will verify trades, validate economics, and ensure accurate capture across the trade lifecycle while collaborating with Front Office, Back Office, Finance, and Product Control teams in a global banking environment.

The role emphasizes attention to detail, issue resolution, and process improvements.