Model Risk Associate (Risk Management)

Model Risk Management Model Risk Analyst Credit Risk Models

Were seeking someone to join our team as a Model Risk Analyst Credit Risk Models professional.

Are you interested in how mathematical models help the business What could be the risks when we use these models in the financial industry You will gain insight into global model risk management.

Since 1935 Morgan Stanley is known as a global leader in financial services always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world

What youll do in the role:

• Conduct model validation for lending stress loss and provisioning (CECL IFRS9) space by challenging model assumptions mathematical formulation and implementation

• Conduct independent testing and build benchmark models to assess model accuracy and robustness under different scenarios and market conditions

• Assess and quantify model risks due to model limitations and develop compensating controls

• Develop high-quality validation reports highlighting risks and limitations of models and communicate findings to stakeholders senior management

• Collaborate with Global MRM teams Developers Model Control Officers Valuation Control and Risk Managers to manage model risk across the model lifecycle

• Cultivate and manage effective relationships with regulators by providing accurate and timely submissions

What youll bring to the role:

• Masters or Ph.D. degree in Mathematics Mathematical Finance Physics Engineering Finance Economics or a related quantitative field

• Passion for applying advanced econometric and statistical methods to real-life datasets

• 0-4 years of relevant model risk management and/or quantitative modelling experience. The ideal candidate will have experience with credit risk models such as models used for forecasting portfolio-level losses for Wholesale Lending or Advanced IRB (PD LGD EAD) models

• Familiarity with relevant regulatory requirements for credit risk is a plus

• Experience with or interest in learning programming in a high-level language such as Python

• The ability to effectively communicate with a wide range of stakeholders both written and verbal

• An interest in working in a fast-paced environment often balancing multiple high priority deliverables

• Clear thinking good business sense and judgment proactive and collaborative attitude

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 Stanleys world-class internal trainings

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 - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres 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 Firms 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 areas highly skilled talent. Our innovative team delivers deep technical and mathematical expertise to support the Firms capabilities in quantitative analysis data analysis and risk management. Learn more about our unmatched culture in Morgan Stanley Budapest.

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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 89 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.

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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.