Product Control Specialist - Function build out - Leading global Hedge Fund - NYC

Black Swan Group; New York (NY); Hybrid; USD 250,000 - 300,000; Full time

Job summary

Black Swan Group in New York is seeking an experienced Senior Product Control/Valuations Specialist to build out the function from day one. You’ll own daily P&L reporting and oversee valuation for FI and OTC derivatives, working closely with front office to ensure robust controls.

The role requires 7–10 years in Product Control or related areas, solid FI/OTC knowledge, and strong Python and Excel skills. A hybrid setup and competitive package await.

Qualifications

• 7–10 years’ experience in Product Control, Valuations or similar Front Office Control.
• Strong Python and Advanced Excel skills are advantageous.
• Ability to partner with traders and senior stakeholders in a fast-paced environment.

Responsibilities

• Own daily P&L reporting and valuation oversight across FI and OTC derivatives.
• Analyse P&L, investigate breaks and ensure robust valuation controls.
• Collaborate with Front Office, Risk, Technology and Ops to enhance models and controls.
• Drive automation initiatives to improve efficiency and scalability.

Skills

Python

Advanced Excel

Education

Numerate degree

Job description

Product Control Specialist - function build out - leading global Hedge Fund - NYC

An elite, global, multi-billion-dollar hedge fund is seeking an experienced Senior Product Control / Valuations Specialist to become the first Product Control hire in its expanding New York office. Offering the rare opportunity to build and shape the New York function from day one, you'll be supported by an established New York Operations team and a highly experienced global Product Control team.

You’ll take ownership of daily P&L reporting and valuation oversight across a range of Fixed Income and OTC derivative products, partnering closely with the Front Office to analyse P&L, investigate breaks and ensure robust valuation controls. Working alongside Risk, Technology, Operations and Quantitative Analytics, you’ll enhance pricing models, support new product launches, strengthen control frameworks and drive automation initiatives to improve efficiency and scalability.

The ideal candidate will have 7–10 years’ experience within Product Control, Valuations or a similar Front Office Control function gained at a leading hedge fund or Tier 1 investment bank. You’ll possess strong Fixed Income and OTC derivatives knowledge, a solid understanding of valuation methodologies & pricing controls, and have the ability to calculate and interpret interest rate curves. Strong Python and Advanced Excel skills are advantages, alongside a numerate degree and the confidence to partner closely with traders and senior stakeholders in a fast-paced trading environment.

The firm offers a highly competitive compensation package around $250k - $300k TC, with a flexible hybrid working model once you’ve established yourself in the role.