Valuation Risk Controller, Associate - London, United Kingdom - Morgan Stanley

Morgan Stanley

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Valuation Risk Controller, Associate

Job Number:
3246394

POSTING DATE:
Feb 12, 2024

PRIMARY LOCATION:
Europe, Middle East, Africa-United Kingdom-United Kingdom-London

EDUCATION LEVEL:
None

JOB:
Finance

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Associate

DESCRIPTION

Valuation Risk Controller, Associate

London
3246394

Department 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, evaluating internal marks against external benchmarks, identification and resolution of valuation discrepancies, and communicating a valuation assessment to traders and Finance management.

The team is also involved in the continuous enhancements of the valuation control infrastructure.

Team Profile

The group is responsible for leading the Basel standards implementation and RWA infrastructure transformation, working closely with Finance, Technology, Capital Planning, Risk and the business unit to deliver the critical Basel 3 Endgame regulatory initiative.

Basel III Endgame (B3E) is the latest update to global capital standards and a significant change to the current US riskbased capital framework.
US regulators have proposed July 2025 for compliance with the new requirements.
Banks have approximately two years to interpret the new rules, assess their impact, address new data and tech needs, and adjust business strategies.
B3E is a chance to modernize capital infrastructure: updating tech, becoming more agile and addressing inefficiencies to lower operating costs.

What we offer:

The chance to work in the Finance department of one of the world's top tier Financial Institutions and gain firsthand insight into our business
Work with and obtain indepth knowledge of a wide range of financial products from plain vanilla products to the most exotic structured derivatives
Engagement with the other offices globally, including New York, London, Hong Kong and Tokyo
A competitive salary and benefits package, and eligibility for annual bonus
Open minded and welcoming environment, where your ideas are taken seriously
Continued professional development based on your career interests

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. We can provide a superior foundation for building a professional career a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

What will you be doing?

Undertake monthly independent valuations of a global portfolio of financial assets using external data sources and internal models
Present to and communicate with traders regularly to convey valuation results and discuss marking methodologies
Review valuation and risk models, while working closely with model developers
Enhance and streamline existing working processes
Understand global financial markets, follow market movements and comprehend the impact on the portfolio and firm

QUALIFICATIONS

What we're looking for:
Completed degree in Financial Mathematics, Economics, Finance, Physics or Engineering with additional qualification in Finance, or Businessrelated discipline with strong technical skillset;
Good understanding of derivatives valuation and risk management, understanding of key valuation approaches and models;
Strong analytical and quantitative skills;
Solid knowledge of any computational/analytical software and data base structures. Familiarity with programming languages commonly used in financial industry like Python is an advantage.
Professional qualifications such as: CQF, FRM, PRM, CFA.

Where will you be working?
This role is based in 25 Cabot Square, London.

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.

Internal Applicants:

Equal opportunities statement:
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, dev