Are you interested in how mathematical models help the business? What could be the risk when we use these models in the financial industry? You will gain insight into global model risk management.
You will:
- Lead and inspire the Commodity pricing model validation team in Budapest MRM
- Continuously challenge the models with a forward looking, "what could go wrong" mindset
- Work closely with model developers, market risk managers and valuation controllers, to understand not only the models but also the business context in which they need to perform well
- Review, test, challenge and independently implement pricing models
- Conduct on-demand analyses of model performance
- Produce written model review reports
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You have:
- 5+ years of experience with derivative pricing models, experience in Commodities is preferred
- Master's or Ph.D. degree in Mathematics, Mathematical Finance, Physics, Engineering, Finance, Economics or a related quantitative field
- Genuine and broad interest in financial markets and derivatives; internal drive to effectively challenge and improve models with quantitative methods
- Clear thinking, good business sense and judgment, proactive and collaborative attitude
- Strong interpersonal and communication skills
- Strong interest in programming in a high-level language such as Python
We offer:
- A competitive compensation and benefits package including eligibility for an annual bonus
- Flexible working arrangements (core hours and opportunity to work from home)
- Enriching challenges that provide opportunity for constant learning and advancement
- Professional development opportunities including access to Morgan Stanley's world-class internal trainings
- A supportive and vibrant multinational environment, we accept individual differences and believe in teamwork
Team Profile: The Model Risk Management group is part of the Global Risk Management department of Morgan Stanley and it has global responsibility for the independent risk control, review and validation of models used by Morgan Stanley. These include pricing models for derivatives in all product areas (i.e. interest rates, FX, equities, commodities, credit, and securitized products), as well as models used for counterparty credit risk (CVA), market risk, operational risk, wealth management products, and capital and liquidity stress tests. Model Review professionals are located in New York, London, Mumbai and Budapest, and they work closely with business quantitative strategists, risk managers and financial controllers. The Budapest team works closely with other members of the Model Risk Management group on model issues across all asset classes globally.
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 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.
Morgan Stanley Budapest is an integral part of the Firm's global 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. Learn more about our unmatched culture in Morgan Stanley Budapest.
#BPMM #LI-EG1 #LI-hybrid
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.