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Associate / Senior Associate, Precious Metals Product Control

J.P. Morgan

J.P. Morgan

Product
London, UK
Posted on Mar 18, 2026

Make your impact at the heart of our global Commodities franchise. In this role, your analysis powers daily decision-making while your controls safeguard a complex platform spanning gold, silver, and PGMs across derivatives and physical markets. You’ll partner closely with trading and control teams to deliver timely, accurate financials and strong governance. Bring your curiosity and problem-solving mindset to modernize processes and raise the bar on data quality and automation. Join us to build scalable standards that elevate how we work.


As a Product Controller in Precious Metals, you will own daily P&L and risk explains, strengthen balance sheet controls, and collaborate with partners across regions to deliver accurate, timely financials and robust governance. You will work with us to enhance controls, standardize reporting, and drive automation that improves quality and speed. Together, we will reduce breaks, improve audit outcomes, and unlock insight for the business.

Job responsibilities

  • Own the daily P&L production cycle and deliver timely, accurate product-level risk and P&L with clear, actionable commentary.
  • Prepare, validate, and communicate risk-based P&L explains, including new trades, risk revaluation, carry/leasing, basis moves, bid-ask, and residuals.
  • Partner with the desk and Valuation Control on valuation approaches for forwards, futures, options, swaps, and EFPs, including valuation adjustments and reserves.
  • Oversee balance sheet substantiation for metals inventory and derivatives; support reconciliations for loco-specific inventory and vault positions.
  • Investigate and resolve P&L and balance sheet breaks, coordinate across Finance, Operations, Market Risk, Valuation Control, and Technology, and maintain aging metrics.
  • Design and improve processes and controls for P&L and risk production, substantiation, and key controls; contribute to global standards and playbooks.
  • Drive change initiatives with Finance Change/Tech on data quality, systems enhancements, automation, and reporting standardization.
  • Support month-end and quarter-end close, legal entity reporting, and audit requests with well-documented evidence and policy-aligned judgments.
  • Communicate insights that inform trading, risk, and finance stakeholders; escalate issues early with clear remediation plans.
  • Champion continuous improvement and knowledge sharing across regions and time zones.
  • Uphold control discipline and compliance with policy and minimum standards.

Required qualifications, capabilities, and skills

  • 2+ years of experience in Product Control, Financial Control, or Accounting within a trading business, including commodities or FX/rates options exposure.
  • Proven proficiency with daily P&L production, risk-based explains, and month-end close processes.
  • Bachelor’s degree in Accounting, Finance, Economics, or a related field.
  • Strong analytical skills, attention to detail, and ownership mindset in a fast-paced environment.
  • Excellent communication and stakeholder management skills across Front Office, Risk, Operations, Valuation Control, Technology, and Finance.
  • Ability to influence outcomes and drive timely resolution of issues.
  • Comfort working across regions, time zones, and functions; strong teamwork and collaboration.
  • Familiarity with balance sheet substantiation and reconciliations for trading businesses.
  • Working knowledge of valuation concepts and fair value measurement in derivatives and inventory.
  • Competence with Excel and data analysis; ability to produce clear, concise reporting.
  • Commitment to control discipline, documentation quality, and governance.

Preferred qualifications, capabilities, and skills

  • Direct experience in Precious Metals markets across derivatives and physical flows, including spot/forwards, futures, options, swaps, and EFPs.
  • Understanding of metals market specifics: loco conventions, good-delivery bars, vaulting and bar allocation, leasing/rate curves, cost of carry, and loco swaps.
  • Familiarity with valuation and control topics: fair value hierarchy, day-one P&L, valuation adjustments, bid-ask reserves, non-modellable risk factors, and IPV for curves and vol surfaces.
  • Experience leading process improvements and automation; proficiency with dashboarding and reporting tools.
  • Exposure to SOX/ICFR frameworks, policy governance, internal/external audit, and model risk/valuation governance.
  • Practical knowledge of data quality management and control attestations.
  • Experience partnering with technology teams to deliver systems enhancements and standardize reporting.

J.P. Morgan is a global leader in financial services, providing strategic advice and products to the world’s most prominent corporations, governments, wealthy individuals and institutional investors. Our first-class business in a first-class way approach to serving clients drives everything we do. We strive to build trusted, long-term partnerships to help our clients achieve their business objectives.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

J.P. Morgan’s Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Drive daily P&L, risk explains, and balance sheet controls for our global Precious Metals trading business in a fast-paced setting.