Vice President - Valuation Risk Controller

474 MS Services Group, Inc.; New York (NY); On-site; USD 120,000 - 205,000; Full time

Job summary

Morgan Stanley seeks a VP-level Valuation Risk Controller in Valuation Control to perform Independent Price Verification (IPV) for a global asset portfolio, leveraging external data sources and financial models. You will ensure fair value accuracy, manage controls, and mentor a team within Finance.

You will collaborate with Finance partners, discuss IPV methods with traders, and drive process improvements across global markets, aiming to uphold the firm’s standards and values while supporting

Qualifications

• Advanced understanding of Finance functional area, product and/or client segment.
• Minimum 7 years of relevant experience.
• Solid background in and understanding of financial markets and products.
• Ability to adapt to a dynamic environment with shifting priorities.
• People management experience is an advantage.

Responsibilities

• Collaborate with Finance and Firm colleagues on IPV deliverables.
• Lead a significant set of deliverables leveraging advanced finance knowledge.
• Identify emerging risks and contribute mitigation strategies.
• Act as a role model; uphold Firm values and standards.
• Undertake IPV of a global asset portfolio using external data and models.
• Identify and close control gaps within the pricing framework.
• Discuss IPV results with traders and strategists, explain methodologies.
• Review valuation and risk models with model developers.
• Understand global markets and portfolio impacts; monitor movements.
• Enhance processes in collaboration with Technology teams.
• Manage and develop the team; support professional growth and retention.
• Translate Firmwide goals into actionable department objectives.

Skills

IPV

Valuation controls

Financial markets

Team leadership

Stakeholder comms

Education

Bachelor's in finance/quantitative field

Job description

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. Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

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

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 $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.

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.

At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society.