Valuation Risk Controller

at  Morgan Stanley

Valuation Risk Controller
Job Number:

3254493
POSTING DATE: Jul 23, 2024
PRIMARY LOCATION: Europe, Middle East, Africa-Hungary-Budapest-Budapest
EDUCATION LEVEL: Bachelor’s Degree
JOB: Finance
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Analyst

DESCRIPTION

Valuation Risk Controller

We offer:

• The chance to work in the Finance department of one of the world’s 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 Stanley’s 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
• Debate IPV results and marking methodologies with front-office traders
• Review valuation and risk models while working closely with model developers
• Analyze pricing factors in complex financial products and comprehend market movements’ impact on the portfolio and firm
• Identify and eliminate control gaps within the pricing framework
• Drive development on regulatory deliverables and automation projects using Agile

QUALIFICATIONS

You have:

• Completed degree in Finance, Economics, Mathematics, Engineering, or Business related discipline
• Deep knowledge of main financial products, their market context, and associated risks
• Clear, structured communication and interpersonal skills
• Willingness to adapt to new challenges in a dynamic environment with shifting priorities
• Strong analytical, quantitative skills and proficient user of Excel
• Knowledge of relevant pricing models and risk management techniques is an advantage
• Ability to understand code in VBA/Python or another programming language commonly used in the financial industry is an advantage

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.
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 maximise 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 and perspectives

Please refer the Job description for details