We're seeking someone to join our Commodities Valuation Control team as a Valuation Risk Controller in Finance to undertake Independent Price Verification (IPV) of a global portfolio of assets using external data sources and financial models.
In the Finance division, we act as a partner to business units around the globe by providing management, review, analysis and advisory services of the Firm's financial and capital resources. This is a Director/AVP level position within the Valuation Control job family which ensures accuracy of inventory valuation and compliance with fair value accounting standards. Performs key valuation controls, including mark review, model control, assigning FVM levels and the review of material new transactions.
What you'll do in the role:
- Undertake Independent Price Verification (IPV) of a global portfolio of commodities products, including energy derivatives and complex structured products
- Perform supervisory and review responsibilities across valuation control related functions
- Partner with Trading, Market Risk, Model Risk Management, Quantitative Strats, and Technology teams to challenge valuations and enhance pricing methodologies
- 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
What you'll bring to the role:
- 4-6 years of experience in a relevant field preferably covering Commodities markets
- 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 derivatives 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
Expected base pay rates for the role will be between $90,000 and $155,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
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