Software Developer - Market Risk - Associate

The Valuation Control Group (VC) is responsible for performing the Independent Price Verification (IPV) which revalues all the firms’ positions using independent market data as inputs. In addition to OTC marks this covers computed inputs such as volatility surfaces, interests rate curves and dividends. Each such data set that the firm computes internally must be validated against a third-party source.

There is an increased requirement in this area to standardize work with the trading floor and risk systems which will lead to work in the following areas

• Calibrations of input data, leveraging front office systems wherever possible
• Re-pricing, using front office systems where possible
• Fully systematized workflow

In addition to the IPV, the team is responsible for a number of calculations as mandated by regulators, such as Fair Value Measurement levelling.

The Team

The VC team is part of the Finance Technology team which is distributed globally across London, Budapest and Bangalore. The VC team works very closely with our counterparts in risk systems technology.

Technology

The Finance Technology team is a Scala and Java shop. The applications that we develop and manage are either developed in existing risk platforms within the firm or are built ground up, primarily in Scala with occasional Java. Python is being used increasingly for the scripting side. We make use of other technologies such as Spark, Hazelcast, and Mongodb. We do behavior and test driven development and follow agile practices. On the UI side some of our applications are written in WPF and others in TypeScript using Angular applications.

We require a highly motivated developer to join our London team. Our London team partners with colleagues in strats, FID technology and IED technology to solve valuation related problems required for market risk control.

The two primary programs that the team is working on are

• Automation of daily IPV Enhancing our control environment to meet evolving regulatory requirements

• Both of these programs involve enhancing our risk system platforms and interacting with our market data platform.

Responsibilities

• Act as a developer within a squad which delivers using scrum methodology
• Enhance FID and IED risks systems by extending and enhancing the existing Scala codebase
• Work with strats to leverage existing market data related solutions. Build new solution, for example to assign a liquidity rating to a position based on the liquidity of the inputs that go into the valuation

Required Skills:

• Existing knowledge of Scala, or a willingness to train to use Scala

Desired Skills:

• Prior knowledge of market risk
• Python
• KDB

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.

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Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
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.