Job Description

Position Description
The Morgan Stanley Valuation Review Group (VRG) provides an independent valuation opinion across the entire bandwidth of financial instruments within the firm’s sales and trading inventory and investments, ranging from vanilla products to the most complex structured and derivative transactions. The team leverages its quantitative skill set and intimate product expertise to act as a guardian and approver of valuation methodology. The VRG team works closely with traders/bankers; risk management and finance to accomplish its mandate of ensuring financial instruments are fairly valued.

We are currently looking for Valuation Controllers
for our Budapest office

The position is for a role on the Interest Rates VRG team initially focusing on the North American Rates desk. A sample of products covered includes Swaps, Vanilla Volatility Products (Swaptions & Caps/Floors), Bermudan Swaptions, CMS / CMS Spread Options, Exotic Structured Derivatives (CRAS, TARN, Snowballs, etc.), Hybrid Options, and etc. The candidate’s primary responsibility will be to perform an independent valuation on the above mentioned products using market data that is obtained externally and methodologies that are appropriate considering market conditions. The candidate is an extension of the VRG teams in the trading regions and will also be involved in methodology and product discussions.

Responsibilities
• Production of the monthly mark review to ensure positions are marked correctly in the firm’s books and records.
• Gaining a full understanding of the products subject to valuation in the group and the relevant marking methodologies
• Developing and standardizing the existing Mark Review processes
• Work closely with the Business Unit, Market Risk, Strats/Modeling and other parts of finance throughout the month via conference calls or bi-weekly meetings to keep abreast of the current market developments as well as to understand the desk’s key risk positions
• Preparing reports and documents that clearly explain and summarize the mark review issues for senior finance management and the Business Units
• Project work as required on new systems and functionality enhancements
• Challenging existing processes and procedures to improve the quality and efficiency of the mark review and to proactively identify, monitor and manage both the known and unknown risk within those existing processes and procedures

Skills Required
• Strong academics required in a quantitative discipline such as economics, mathematics, physics, engineering or other technical field
• Ability to translate complex theoretical problems into smaller problems that can be solved practically
• Strong interpersonal and communication skills
• Strong analytical and problem solving skills
• Basic knowledge and strong interest in financial markets
• Comfort with and knowledge of programming is a plus as the role may work with valuation techniques and methodologies that may involve working with code

To apply please click here

Job Categories: Finance / Accountancy / Controlling. Job Types: Full-Time. Job Tags: controller, English, and finance.

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