Valuation Review Group Controller – Commodities recruitment
The team is responsible for all valuation issues in respect of their product areas, in particular, external price testing, valuation adjustment (reserving) methodologies, and reviews of both the valuation and modeling of significant new complex trades. The candidate will be specifically responsible for the following:
- Production and reporting of the monthly mark review to ensure positions are marked correctly in the firm’s books and records. As many of the positions are illiquid, this requires working with both the Front Office quantitative team and Model Risk quantitative team within VRG to develop innovative valuation techniques.
- Gaining a full understanding of the products traded by the desk and their marking/valuation adjustment methodologies.
- Performance of documented reviews of the modeling and parameter mark review methodologies of significant new transactions for presentation to management
- Regular contact with Business Unit Controllers on a daily basis and in particular during the month end mark review process.
- Interaction with the Business Unit during the monthly mark review process.
- Project work as required on new systems and functionality enhancements.
- Working with managers to improve efficiency by challenging processes and procedures.
Skills Required
Skills Desired
- ACA or equivalent.
Morgan Stanley is an equal opportunities employer and is committed to fair treatment, regardless of background (including criminal record).
- Strong Commodities product experience gained from an external price testing role or related product control function.
- Degree in a numerate subject (Mathematics, Engineering, and Economics) and A levels in numerate subjects (A-grade only preferred) or equivalent.
- The successful candidate will need drive and determination in order to deliver effective valuation control.
- The candidate will be expected to work to tight monthly deadlines.
- Self confidence, good communication skills and a strong team player as it is important to interact successfully with other team members, management, the Business Unit and Business Unit Controllers.
May 2, 2012
• Tags: Accounting & Finance careers in the UK, Commodities recruitment, Valuation Review Group Controller • Posted in: Financial