Job Title

Coverage: Rates, FX, Commodities, Credit & Apex ProductsLocation: India – Global Capability CenterReporting to: Global Head of Markets ProductsManaging Director – Markets Product Control (GCC)Function: Global Markets Finance / Product ControlLocation: India – Global Capability CenterRole PurposeThe Managing Director – Markets Product Control (GCC) is responsible for global ownership of Markets product control activities across asset classes, providing independent valuation, P&L integrity, balance sheet governance, and control assurance.Based in the GCC, this role acts as the global centre of excellence for Markets Product Control, partnering closely with Front Office, Risk, Finance, and Technology, while leading senior Directors and driving transformation, standardisation, and regulatory readiness.This is a non-trading, independent control role with enterprise-wide influence.Key ResponsibilitiesGlobal Product Control Ownership- Own end-to-end Markets Product Control across Rates, FX, Commodities, Credit, and structured products. - Ensure accurate, timely daily P&L, balance sheet substantiation, and financial close for trading businesses. - Provide independent oversight of reserves, adjustments, accruals, and valuation impacts. - Act as final escalation point for material P&L movements and valuation issues.Valuation & Control Governance- Lead Independent Price Verification (IPV), valuation adjustments, and fair value governance. - Partner with Market Risk and Model Risk on valuation methodologies, model approvals, and control alignment. - Ensure strong governance over complex and illiquid products, including structured and bespoke trades. - Maintain robust controls aligned to regulatory expectations and audit standards.Balance Sheet, Capital & Risk Alignment- Partner with Trading, Treasury, and Risk on capital usage, liquidity impact, and balance sheet efficiency. - Provide senior oversight on product profitability, funding costs, and RWA impacts. - Support Markets leadership with transparent, risk-adjusted financial insights.GCC Build-out & Transformation- Build and scale a global Markets Product Control organisation within the GCC. - Migrate, stabilise, and optimise global product control processes into the GCC. - Sponsor automation, analytics, and digital transformation across P&L, valuation, and reporting. - Partner with Technology on front-to-back data integrity and system modernisation.Leadership & Stakeholder Management- Lead and mentor Product Control Directors and senior managers across asset classes and regions. - Act as a trusted advisor to Global Markets CFO, Front Office leadership, Risk, and Audit. - Represent Product Control in regulatory interactions, audits, and senior governance forums. - Drive a culture of independence, challenge, accountability, and continuous improvement.Products in Scope- Rates: Cash & derivatives - FX: Spot, forwards, swaps, options - Commodities: Energy, metals, agri - Credit: Cash credit, CDS, structured credit - Structured / Apex Products: Bespoke and cross-asset solutionsCandidate ProfileEssential- 20–25+ years in Markets Finance / Product Control within global banks or large IBs. - Deep expertise in P&L, valuation, IPV, reserves, and balance sheet controls. - Proven MD / Senior Director-level leadership managing large, global teams. - Strong understanding of markets products, valuation methodologies, and regulatory expectations. - Experience operating within or building GCC / offshore delivery models.Preferred- Exposure to structured and illiquid products. - Experience engaging with global regulators and external auditors. - CA / CPA / CFA / MBA preferred.Success Measures- Strong, consistent P&L integrity and valuation outcomes - Improved regulatory, audit, and control ratings - Scalable, cost-efficient global product control model from the GCC - High-calibre leadership bench and succession readiness