Project Manager for Model Risk and Control

Job title:

Project Manager for Model Risk and Control

Company:

Morgan Stanley

Job description

Morgan Stanley Investment Management’s (IM) Quantitative Research and Model Review (QRMR) team has an open position at a Senior Associate level in Budapest to support the global team’s model control and governance initiatives. The position will report into the Budapest Head of Investment Management and will have a small team to lead.QRMR is part of the first line Business Unit risk management and is responsible for developing leading quantitative risk management solutions as well as for implementing model control and governance framework to satisfy regulatory requirements.Responsibilities:

• Support model/tool governance initiatives, including implementation of enhanced regulatory requirements.
• Manage model/tool life cycle tasks, track progress and timelines, help with the documentation process.
• Serve as advisory function for model owners across the business regarding model/tool controls and requirements.
• Primary curator and support for IM Model Control Committee and other model/tool related updates in various risk committees.

Skills/Qualifications:

• 3-5 years of relevant experience in the financial services industry with preference in model risk management, governance, or operations / project management.
• At least Bachelor’s degree (Master’s degree is preferred) in an applied math or economic discipline (such as Statistics, Engineering, Mathematical Finance, Finance, Economics, or related fields).
• Strong communication (in both Hungarian and English) and project management skills are must.
• Experience with presentation to senior stakeholders, committee and forums is highly desired (in English).
• Highly motivated and results oriented with strong organizational skills.
• Familiarity with essential quantitative techniques used in financial models and experience in model development or validation is a plus.
• Programming skills in statistical packages such as R or Python is a plus.
• Familiarity with vendor risk systems such as RiskMetrics, BlackRock Aladdin, MSCI Barra, Yield Book, SunGard APT, Bloomberg terminal is a plus.
• CFA, FRM or CEFA is a plus.

#LI-JL1 #LI-hybrid BPMMWHAT YOU CAN EXPECT FROM MORGAN STANLEY:We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.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.

Expected salary

Location

Budapest

Job date

Thu, 22 May 2025 00:07:04 GMT

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