London Valuation Model Controller - Associate

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 16 Oct 17 2017-10-16

See job description for details

London Valuation Model Controller - Associate (3098921)

Division: Finance

Job Title: London Valuation Model Controller
Location: London

Job Level: Associate-Senior Manager (dependent on experience)

Company Profile

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 Finance Division reports to the Chief Financial Officer and consists of some 3,000 employees worldwide. Finance protects the Morgan Stanley franchise by serving as guardian of the Firm’s books and records and by contributing to firm wide risk management and risk reduction. This division maintains relationships with Morgan Stanley’s various industry and government regulators and also serves as the conduit of financial information to the outside investment community. Finance plays a critical role as advisor to Morgan Stanley’s various businesses and its senior management team.

Team Profile

The Morgan Stanley Valuation Review Group provides an independent valuation opinion across the entire spectrum of financial instruments within the firm's sales and trading inventory and proprietary investment portfolio, ranging from vanilla products to the most complex structured and derivative transactions. The team leverages its diverse quantitative skill set and intimate product expertise to act as a guardian and approver of valuation methodology. The group's key clients are senior trading management and senior Finance management.

The team is mandated to perform an independent valuation assessment on the diverse range of financial products. This process involves the certification of models and their valuation methodologies, testing for adherence to such methodologies, evaluating internal valuation marks against external benchmarks, identification and resolution of valuation discrepancies, and communicating a valuation assessment to senior management. The team is also involved in the continuous enhancements of the valuation control infrastructure with a view towards global and cross-product standardization.

Primary Responsibilities

The position is for a quantitative expert to work within the EMEA Rates Model Control team. The products covered within this role will include vanilla and exotics interest rate products e.g. swap, swaptions, caps/floors, CMS, CMS Spread Options, interest rates-credit hybrids, FX vanilla and exotics and other exotic interest rate derivatives.

Besides model review procedures, role will involve participation in ad hoc technical advisory for the benefit of mark review team(s) and potentially other interested parties. The candidate will be part of the EMEA Rates Model Control team.

The team is responsible for certification of new models and corresponding valuation methodologies, through which the valuation outputs may be deemed to assert fair value. The team also performs annual reviews of existing models to ensure these are still appropriate to be used for valuation.

The role will entail working closely with:
- The Valuation Review Group line team, who will utilize the models and valuation methodologies to develop a corresponding mark review methodology.
- Market Risk Division, who owns a complementary model certification responsibility.
- Trading Strategists, responsible for developing the models.
- Business Unit trading.


Skills Required

- Strong Analytical / Quantitative skills and should have the ability to challenge the valuation methodologies proposed by the Business Unit quantitative analysts.
- The ability to work under pressure to tight deadlines.
- The ability to develop strong internal client relationships.
- Strong academics required with preference in a quantitative discipline such as financial engineering, mathematics, physics, engineering or other technical field.
- Good understanding of IT and systems.

The salary of this role is competitive.

The closing date for applications is 19/10/2017.

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.