Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. 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. Morgan Stanley 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.
Department Profile: The Financial Control Group (FCG) is responsible for overseeing the accounting and financial and regulatory reporting for the Firm. FCG prepares external financial reports for public filings and regulators. For internal reporting FCG, along with Financial Planning and Analysis (FPA), summarizes, plans and forecasts the organization's financial position, including income statements, balance sheets, and analyses of future revenues, expenses and earnings. FCG is comprised of Business Unit Controllers, Infrastructure Controllers, Accounting, Regulatory and Reporting groups, and Valuation Review.
Valuation Control (VC) 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 (options, bonds, futures, swaps) 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 VC 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 a Valuation Risk Controller for our Budapest office supporting the Credit business.
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
Regular interaction and liaison with Global Product Controllers, Trading Desk, Strategists and other VRG teams regarding specific valuation issues
Preparing reports and documents that clearly explain and summarize the mark review issues for Senior Finance Management and the Business Units
Preparation of reconciliations between the firm's books and records and the underlying positions at month-end
Involvement in balance sheet categorization based upon observability in accordance with accounting policy FAS157
Project work as required on new systems, methodology 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
Completed Bachelor's degree in Economics, Finance or Business related discipline and availability to work full time
1-3 years of work experience
Good understanding of financial markets and products and ability to learn new products
Strong interpersonal and communication skills
Strong analytical and problem solving skills
Solid knowledge of Excel /VBA programming knowledge is an advantage/
What we can offer:
Being part of a Global Team
Having an opportunity to work with credit derivative products
Training opportunities/Constant development
Exposure to the entire spectrum of financial products in a top tier investment bank
Active involvement in firm-wide valuation projects and initiatives
Contract via third party agency
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.
Internal Number: 5245200
About Morgan Stanley
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