Director - Valuation Risk Controller

Morgan Stanley; New York (NY); On-site; USD 90,000 - 155,000; Full time

Job summary

Morgan Stanley in New York seeks a quantitative professional to perform Independent Price Verification on a global commodities portfolio, including energy derivatives and complex structured products. You will collaborate with Trading, Market Risk, Model Risk Management, Quantitative Strats and Technology to challenge valuations and refine pricing models.

You will review valuation and risk models with developers, analyze how pricing factors and market moves affect the portfolio, and identify

Qualifications

• 4-6 years of experience in commodities markets or related fields.
• Degree in Finance, Economics, Mathematics, Engineering or Business.
• Strong analytical and quantitative skills with proficiency in Excel.
• Knowledge of derivatives pricing models and risk management is a plus.

Responsibilities

• Undertake IPV of a global commodities portfolio including energy derivatives and structured products.
• Perform supervisory and review responsibilities across valuation control functions.
• Partner with Trading, Market Risk, Model Risk Management, Quantitative Strats and Technology to challenge valuations and improve pricing methods.
• Review valuation and risk models with model developers.
• Analyze pricing factors and the impact of market movements on the portfolio and firm.
• Identify and close control gaps within the pricing framework.
• Drive development on regulatory deliverables and automation projects.

Skills

Quantitative analysis

Excel proficiency

Communication

VBA/Python

Analytical thinking

Education

Finance degree

Economics degree

Math/Engineering/Business degree

Tools

Excel

VBA

Python

Job description

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

What you can expect from Morgan Stanley:

We have a track record of innovation and passion for unlocking new opportunities, we help our clients raise, manage and allocate capital. We do this by offering a wide range of investment banking, securities, wealth management and asset management services. All that we do at Morgan Stanley is driven by our five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These aren't just beliefs, they guide the decisions we make every day, ensuring we do what's best for our clients, communities and more than 80,000 employees around the world. And at the core of our success are the people who drive it - relentless collaborators and creative thinkers who are fueled by diverse thinking and experiences. Wherever you are in our 1,200 global offices, you'll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that's differentiated – and we've done that for 90 years. Our values – putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back – aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

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.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.