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2024 Risk Management Off-cycle Internship - Quantitative (Budapest)

AT Morgan Stanley
Morgan Stanley

2024 Risk Management Off-cycle Internship - Quantitative (Budapest)

Budapest, Hungary

During this internship you will have the opportunity to get insight into how Risk Management is working at a top financial Firm. You will join the Risk Analytics or Model Risk Management teams for a 6-12 months period and can work in a flexible work arrangement, 20/30/40 hours per week.

We offer:

  • A supportive and vibrant multinational environment in an inspiring international team
  • Continuous development opportunities and training tools
  • Opportunity to participate in the firm's networking events
  • Internship extension / Full-time offer upon graduation

You will:
  • Develop, maintain and monitor the Firm's market risk models (Value at Risk, Incremental Risk Charge and Comprehensive Risk Measure)
  • Perform econometric analyses to support methodology development, conduct sensitivity studies, assess the model behavior and stability and perform back tests
  • Develop models for portfolio analyses purpose, such as credit limit setting and loss reserve
  • Perform independent review of pricing or risk models used by Morgan Stanley

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You have:
  • Ongoing BSc or above studies in Mathematics, Physics, Finance or Economics
  • Quantitative background, good analytical and numerical skills
  • Solid probability knowledge
  • Statistical skills especially in hypothesis testing, regression and discriminant analyses is a plus
  • Fluency in English, both verbal and written

Application Process:

If you are interested in the above opportunity, please apply here by submitting your English CV.
Although application deadlines are in place, you are advised to apply early as we recruit on an ongoing basis.

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 Budapest, 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 maximise 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.

Job Level

Intern

Program

Off-Cycle Internship

Client-provided location(s): Budapest, Hungary
Job ID: Morgan-15919
Employment Type: Intern

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • Fitness Subsidies
    • On-Site Gym
    • Pet Insurance
    • Mental Health Benefits
    • FSA
    • Virtual Fitness Classes
    • HSA
  • Parental Benefits

    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Return-to-Work Program
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Adoption Leave
  • Work Flexibility

    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Company Outings
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Leave of Absence
    • Volunteer Time Off
    • Personal/Sick Days
  • Financial and Retirement

    • 401(K) With Company Matching
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
  • Professional Development

    • Tuition Reimbursement
    • Promote From Within
    • Mentor Program
    • Access to Online Courses
    • Lunch and Learns
    • Work Visa Sponsorship
    • Leadership Training Program
    • Associate or Rotational Training Program
    • Internship Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)