We're seeking someone to join our 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 Vice President 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:
- Collaborate with a varied group of colleagues in Finance and across the Firm
- Responsible for and lead a significant set of deliverables, leveraging advanced understanding of Finance functional area, product and/or client segment
- Proactively identify emerging risks in individual and department work and contribute to strategies for mitigating them
- Act as a role model and culture carrier; Embody and set an example of the Firm's values and hold yourself and others accountable to Firm standards
- Undertake Independent Price Verification (IPV) of a global portfolio of assets using external data sources and financial models
- Identify and eliminate control gaps within the pricing framework
- Debate and communicate with traders and strategists regularly on IPV results and marking methodologies
- Review valuation and risk models while working closely with model developers
- Understand global financial markets, follow market movements and comprehend the impact on the portfolio and firm
- Analyze pricing factors in complex financial products and comprehend market movements' impact on the portfolio and firm
- Enhance and streamline existing working processes in close cooperation with Technology teams
- Be responsible for managing a team, not only allocating and reviewing the team members' monthly deliverables but supporting their professional development by providing the right opportunities for them
- Manage, attract, develop and retain talent for team within Finance while creating an inclusive environment; translate Firmwide goals into actionable goals for department/function
What you'll bring to the role:
- Advanced understanding of Finance functional area, product and/or client segment and technical skills, as well as of industry and competitive environment
- Ability to provide positive and constructive
- feedback and acknowledge efforts of team members
- Ability to articulate risk and impact to various audiences, and create plans to mitigate those risks
- Strong academics, with preference for finance or a quantitative discipline such as financial engineering, mathematics, physics, engineering or other technical field
- Minimum 7 years of relevant experience
- Solid background in and understanding of financial markets and products
- Willingness to adapt to new challenges in a dynamic environment with shifting priorities
- Ability to develop strong internal client relationships
- Good understanding of IT and systems
- People management experience is an advantage
Expected base pay rates for the role will be between $120,000 and $205,000 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.
