Credit/Lending - Valuation Risk Controller

We offer:

- The chance to work in the Finance department of one of the world's top tier Financial Institutions and gain first-hand insight into our business
- Work with and obtain in-depth knowledge of a wide range of financial products from plain vanilla products to the most exotic structured derivatives
- Engagement with Morgan Stanley offices globally in an open minded and welcoming environment, including New York, London, Hong Kong and Tokyo
- Professional development opportunities including access to Morgan Stanley's world-class internal trainings, financial and study-leave support for selected professional qualifications
- A competitive salary and benefits package, including eligibility for annual bonus, a fully funded sports package, healthcare plan, firm contribution to voluntary pension fund, and 16 weeks paternity leave

You will:

- Perform independent price verification across corporate bonds (cash and structured), loans (syndicated, bilateral, distressed) and credit derivatives (CDS, TRS, structured credit)

- Lead valuation of illiquid or dislocated credit positions, applying fundamental credit analysis when market data is limited or unreliable.

- Develop and challenge valuation methodologies including DCF, comparable spreads analysis, and recovery-based approaches.

- Partner with Credit Risk, Market Risk, Product Control, and the Front Office to challenge marks and assumptions.

- Be a clear communicator, with the ability to troubleshoot and explain complex topics; build trusted stakeholder relationships and influence outcomes.

- Demonstrate a proactive, growth‑mindset approach by anticipating questions, flagging issues early, and driving improvements.

- Maintain strong product and market fluency, connecting market events to valuation impacts across vanilla, structured, and distressed credit.

You have:
- 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 relevant 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

Team Profile: Morgan Stanley Valuation Control provide an independent valuation assessment across the entire spectrum of financial instruments, ranging from vanilla products to the most complex structured and derivative transactions. 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 trading and Finance management. The team is also involved in the continuous enhancements of the valuation control infrastructure with a view towards global and cross-product standardization.

About us: Morgan Stanley is a global financial services firm and a market leader in investment banking, securities, investment management and wealth management services. At Morgan Stanley, we are shaping the future of our global business and contributing to our local community. Our team works across numerous areas, including Technology, Mathematical Modeling, Finance, Risk Management, Operations and Data & Analytics from our new state-of-the-art offices near the Danube and our City Gate office in the heart of the city center.

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.

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 ide