Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
We are currently looking for Rates Valuation Model Controller for our Budapest Office
The Morgan Stanley Valuation Review Group, as part of the firm's Finance organization, provides an independent valuation control service across the entire spectrum of financial instruments within the firm's sales and trading inventory. Products range from plain-vanilla to the most complex structured derivative transactions, secured financing transactions and XVA. The team leverages its diverse quantitative skill set and product expertise to act as a guardian and approver of valuation methodologies. The group's key clients are senior trading management and senior Finance management. The Model Control team within VRG certifies that the Position Valuation and Risk Models (PVRMs), developed by strategists and used to value positions, are compliant with Firm model control standards and appropriate to value products for the Firm's books and records.
Primary Responsibilities :
Independently review and assess the complex mathematical models used for valuations of exotic derivatives and other financial instruments.
Assess the valuation methodologies, testing of valuation tools, identification and resolution of valuation discrepancies, and communicating assessments to senior management and challenging model developers.
Interface with key/senior stakeholders (both on finance and business side), governing bodies and business partners to discuss the status of the validation work, results of test work and reporting
Knowledge of financial markets and derivatives
Strong inter-personal skills in order to interact confidently with Business
Unit, Trading Strategists, Finance senior management, and the Market Risk Department
Ability to challenge the valuation methodologies proposed by the Business
Unit quantitative strategists
Ability to work under pressure to tight deadlines
The ideal candidate will have experience with proficiency in the theory and application of derivatives modelling.
Strong academics required with preference for an advanced degree in a quantitative discipline: e.g. financial engineering, statistics, mathematics, physics, or engineering
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, 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.