FRM End User Computing Program, Governance and Reporting Specialist - Risk Support
Department Profile
The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base and franchise. Risk Management protects the firm from exposure to losses resulting from defaults by our lending and trading counterparties.
Morgan Stanley Budapest is an integral part of the Firm's global critical business functions including Technology, Finance, Risk, Institutional Securities and Wealth Management. Morgan Stanley has been rooted in the Budapest community since 2006 and is considered a leading employer among the area's highly skilled talent. Our innovative team delivers deep technical and mathematical expertise to support the Firm's capabilities in quantitative analysis, data analysis, and risk management. We are relentless collaborators and creative thinkers, fueled by our diverse backgrounds and experiences. We believe in empowering individuals to advance their careers through exposure to innovation, hands-on collaboration and enriching learning and development opportunities.
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Background on the Position
The role will reside within Firm Risk Management's (FRM) Risk COO function. The Model Control Function team oversees the model inventory and end-user computing (EUC) tools for all FRM models globally, relevant policy, procedures and governance processes as it pertains to model risk controls and EUCs. This group is responsible for identifying, risk assessing and reducing the business critical EUC tools that are operating within Firm Risk Management. The EUC program is focused on population discovery and control remediation strategies: including facilitating transfer to IT, decommissioning unnecessary EUCs and Tools and monitoring controls over required EUC, and management of a vendor-based change management tool (ClusterSeven).
The ideal candidate possesses banking/financial services experience, and familiarity with concepts of risk assessment and mitigation through internal controls. The candidate should be well-versed with MS Excel, and proficient with data analysis and basic calculations within Excel framework. Experience with project management, business documentation, experience with interacting effectively with all levels of management would be an advantage.
Primary Responsibilities will include:
-Identify, document and assess business critical EUCs across Firm Risk Management, as well as work with the business areas to institute proper controls and remediation strategies
-Assist with the management ClusterSeven to assist with identifying and monitoring business critical EUC tools
-Assist with the delivery of the EUC program in connection with larger risk reduction efforts such as the transition to technology environments
-Assist with project oversight, including deliverables, milestones, risks and issues, and resource plans
-Assist with the preparation of presentations to program sponsors, senior management and regulators
-Design and track metrics, and coordinate reporting to project working groups, steering committees, senior management and regulators
-Work with FRM IT team to understand the new CitDev platform and help teams to migrate the EUCs to the new platform
-Identify efficiency and effectiveness opportunities in the process and suggest enhancements
Skills Required (essential):
-Ability to work independently and problem solve
-Detail oriented with exceptional organizational skills
-Ability to work effectively on multiple projects under tight deadlines
-Good working knowledge of MS Excel, PowerPoint, Word, and SharePoint
-Excellent verbal and written communication skills, with the ability to communicate with key stakeholders
-Strong relationship building skills
-Self-motivator and team player who brings a ""can-do"" approach
Skills Desired:
-Experience in risk and control environment (Operational Risk), including control design and testing
-Working knowledge of ClusterSeven
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WHAT 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 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
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.