Department Profile
Operational Risk Department works with the business units and control groups to help ensure Morgan Stanley has a transparent, consistent and comprehensive program for managing operational risk, both within each area and across the firm globally. Operational risk is the risk of financial loss or other potential damage to the firm's reputation due to inadequate or failed internal processes, people, systems, or from external events. This group designs, implements and monitors the company-wide operational risk program.
Position Summary
The Candidate will work within the Operational Risk Framework and Capital Team. The team is responsible for the Capital and CCAR Stress Testing programs for Firmwide and specific legal entity portfolios. This includes ownership of the methodology, governance reporting and the associated processes.
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We offer:
• The chance to work in the Operational Risk Department of one of the world's top tier Financial Institutions and gain first-hand insight into our business
• A competitive salary and benefit package
• A supportive and vibrant multinational environment in an inspiring international team
• Continuous professional development based on your career interests
• Inclusive and welcoming environment
You will: #LI-MB1 #BPREP
• Assist in execution of the Operational Risk Framework
• Support components of the Framework including Risk Identification, Operational Risk Stress Testing, Operational Risk Capital and associated governance
• Analyze and monitor operational risk data sets to assess the Firm's risk profile and identify themes
• Create clear, concise and insightful materials in support of Senior Management reporting
• Monitor industry developments in the management of operational risk
• Participate in and provide ongoing support for audit and regulatory reviews and inquiries
You have:
• BSc/MSc degree in Finance, Economics, Business or another analytical discipline preferred
• Approximately 2-3 years of Financial services experience
• Understanding of Operational Risk is a plus
• Excellent analytical skills and a strong ability to work with large data files and spreadsheets
• Excellent communication skills, both verbal and written, and ability to present ideas concisely
• Ability to work on challenging assignments in a dynamic environment, synthesize information, distill relevant facts and reach logical conclusions
• Highly motivated self-starter with multi-tasking abilities, and the ability to meet tight deadlines with conflicting agendas
• Flexibility - willingness to work on associated initiatives to deliver the Operational Risk framework
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 Modelling, 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.
Learn about our culture and the opportunities for professional growth at Morgan Stanley Budapest:
Build a career with impact. Visit morganstanley.hu or LinkedIn for more information.
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.