Model Risk Quantitative Auditor

Morgan Stanley

3.1

(72)

Budapest, Hungary

Why you should apply for a job to Morgan Stanley:

  • Our best-in-class Return to Work program is an excellent opportunity to re-engage and pick up where you left off after a career break.
  • Whether you're welcoming a new addition, watching your children grow or caring for aging parents, there’s support.
  • An employee stock purchase program, 401(k) retirement savings, 529 plans with a company match, IRAs? Check, check, check and check.
  • #PT-JR024651

    Position summary

    ities and methodologies.

    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 you'll do in the role:

    • Work with talented individuals around the globe

    • Flexible working arrangements (core hours and some opportunity to work from home)

    • Opportunity to grow and shape your own career

    • Inclusive and welcoming, vibrant multinational environment

    • Competitive compensation and benefits package including eligibility for annual bonus.

    • Carry out detailed assessment of the mathematical models of the firm, including derivatives pricing models, risk management and capital models, stress-testing models, decision-making models, AIML models etc.

    • Review the methodologies and testing programs performed by Model Developers

    • Assess the model validation methods and procedures applied by Model Risk Managers

    • Verify the work performed by the Business, Developers and Risk Management to remediate regulatory findings and observations from US, UK, and European regulators

    • Perform model-related testing applying state-of-the-art in-house data analytic techniques

    • Participating in the specification and development of high-profile data analytic tools

    • Document your assessment work in a clear and concise way

    What you'll bring to the role:

    • University degree in a quantitative field like Mathematics, Physics, Quantitative Finance, Economics or Engineering

    • 3-5+ years' work experience in a relevant field

    • Critical thinking, risk-based mindset, good business sense and judgment

    • Genuine and broad interest in financial markets and products

    • Familiarity with any of pricing models, risk management, capital or stress-testing models, the Basel framework or AIML techniques is a plus

    • Able and keen to acquire the necessary business knowledge required for the work

    • Confident command of English language

    • Strong interpersonal and communication skills

    • Understand and adhere to the organization's core value

    #LI-HYBRID #LI- #LI-MB1 #BPAUD

    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.

    To learn more about our offices across the globe, please copy and paste https://https://www.morganstanley.com/about-us/global-offices into your browser.

    Certified Persons Regulatory Requirements:
    If t his 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.

    Why you should apply for a job to Morgan Stanley:

  • Our best-in-class Return to Work program is an excellent opportunity to re-engage and pick up where you left off after a career break.
  • Whether you're welcoming a new addition, watching your children grow or caring for aging parents, there’s support.
  • An employee stock purchase program, 401(k) retirement savings, 529 plans with a company match, IRAs? Check, check, check and check.