Title: Senior Valuation Risk Controller
Team Profile: Morgan Stanley Valuation Control provide an independent valuation assessment across the entire spectrum of financial instruments ranging from vanilla products to the most complex structured and derivative transactions. This process involves the certification of models and their valuation methodologies testing for adherence to such methodologies evaluating internal valuation marks against external benchmarks identification and resolution of valuation discrepancies and communicating a valuation assessment to senior trading and Finance management. The team is also involved in the continuous enhancements of the valuation control infrastructure with a view towards global and cross-product standardization.
About us: Morgan Stanley is a global financial services firm and a market leader in investment banking securities investment management and wealth management services. At Morgan Stanley Budapest we are shaping the future of our global business and contributing to our local community. Our team works across numerous areas including Technology Mathematical Modeling Finance Risk Management Operations and Data & Analytics from our new state-of-the-art offices near the Danube and our City Gate office in the heart of the city center.
We offer:
-The chance to work in the Finance department of one of the worlds top tier Financial Institutions and gain first-hand insight into our business
-Work with and obtain in-depth knowledge of a wide range of financial products from plain vanilla products to the most exotic structured derivatives
-Engagement with Morgan Stanley offices globally in an open minded and welcoming environment including New York London Hong Kong and Tokyo
-Professional development opportunities including access to Morgan Stanleys world-class internal trainings financial and study-leave support for selected professional qualifications
-Flexible working arrangements - core hours and opportunity to work from home
-A competitive salary and benefits package including eligibility for annual bonus a fully funded sports package healthcare plan firm contribution to voluntary pension fund and 16 weeks paternity leave
You will:
-Undertake Independent Price Verification (IPV) of a global portfolio of assets using external data sources and financial models
-Identify and eliminate control gaps within the pricing framework
-Debate and communicate with traders and strategists regularly on IPV results and marking methodologies
-Review valuation and risk models while working closely with model developers
-Understand global financial markets follow market movements and comprehend the impact on the portfolio and firm
-Analyze pricing factors in complex financial products and comprehend market movements impact on the portfolio and firm
-Enhance and streamline existing working processes in close cooperation with Technology teams
-Be responsible for managing a team not only allocating and reviewing the team members monthly deliverables but supporting their professional development by providing the right opportunities for them You have:
-Strong academics with preference for finance or a quantitative discipline such as financial engineering mathematics physics engineering or other technical field
-Minimum 7 years of relevant experience
-Solid background in and understanding of financial markets and products
-Willingness to adapt to new challenges in a dynamic environment with shifting priorities
-Ability to develop strong internal client relationships
-Good understanding of IT and systems
-People management experience is an advantage
Interested in flexible working opportunities Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds talents perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting developing and advancing individuals based on their skills and talents.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll find an opportunity to work alongside the best and the brightest in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey offering some of the most attractive and comprehensive employee benefits and perks in the industry. Theres also ample opportunity to move about the business for those who show passion and grit in their work.
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Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement
Interested in flexible working opportunities Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds talents perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting developing and advancing individuals based on their skills and talents.