Product Controller (Valuations) bei Caxton Associates

About Caxton Associates:

Caxton Associates, founded in 1983, is a global trading and investment firm with offices in London, New York, Monaco, Singapore and Dubai. Caxton Associates’ primary business is to manage client and proprietary capital through global macro hedge fund strategies. Assets are managed via a broad mandate to trade in a variety of global markets and instruments.

About the role

The Product Control team plays a critical role in delivering accurate support and control for portfolio valuation. We are seeking to add a Product Controller to join our team where you will be directly reporting to the Co-Head of Product Control.  The successful candidate will work closely with the portfolio management team and Operations to understand and explain P&L, identify and resolve pricing and booking issues and will drive forward the implementation of new technologies to streamline the firm’s operating model.

Responsibilities:

• Significant knowledge of derivative products including risk sensitives and model pricing. Essential knowledge is Interest Rate Derivatives (Swaptions, CMS Spread Options, Swaps NDSs, etc) but broad asset class knowledge preferred.
• Responsible for Independent Price Verification (IPV) covering all asset classes, with Rates being the predominant asset class. Use of third-party valuation applications (Bloomberg, CitiVelocity, etc).
• Review and provide feedback on month-end valuation processes conducted by independent fund administrator.
• Presentation of valuation related data to senior members of the organisation.
• Assist wider Product Control team on valuation queries arising from P&L analysis or queries from PMs.
• Ongoing review of curve construction, market data inputs and source providers in coordination with the Quantitative Analyst and Risk team.
• Work cross-functionally with Risk, Quant, and Finance teams to identify and resolve valuation issues impacting the firm’s P&L and balance sheet integrity.

Requirements

• Degree qualified, degree(s) in a numerate discipline.
• 3+ years of relevant product control or middle office experience, ideally with a hedge fund, investment bank (Rates Exotics IPV teams) or asset manager.
• Solid knowledge of derivative and fixed income products.
• Strong understanding of curve construction (discounting and forward curve) and IR / FX Volatility surface construction frameworks across multiple currencies.
• Detail-oriented, curious, and willing to challenge existing practices, with strong interpersonal skills.
• Strong Excel skills; proficiency in Python, Tableau, or VBA is advantageous.
• CFA or similar certification is a plus.
• Displays and operates at the highest degree of ethics and integrity.