Market Risk Backtesting Vice President

Job description

Given the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees.

We offer:

• Work in the Finance department of one of the world’s top tier Financial Institutions and gain first-hand insight into the business.
• A competitive salary and benefits package and eligibility for annual bonus.
• Open minded and welcoming environment, where your ideas are taken seriously.
• Continued professional development based on your career interests.
• The ability to grow and shape your own career
• Dynamic environment
• Work-life balance, working in hybrid setup (office and home)

You will:

• Play a leading role in market risk backtesting, p-values and net trading revenue calculation and reporting, including cleansing and analysis of P&L
• Support the preparation, review and distribution of management reporting, metrics/ KPIs and dashboards on a daily, weekly, monthly and quarterly basis, as required
• Prepare / review ad hoc and recurring analysis, adjustments, commentary and presentation material for weekly / monthly stakeholder reviews
• Identify, report and escalate key risks and issues impacting backtesting and team performance
• Lead / participate in process improvement initiatives to strengthen controls, drive automation / efficiencies and implement regulatory changes
• Review, update and execute key controls, and keep evidence of performance
• Review and update relevant policies and procedures, as applicable
• Provide ongoing guidance and mentorship to team members.

Qualifications

You have:

• University degree in Finance, Economics or similar field
• Preferred 7+ years relevant work experience (Finance, Risk Management)
• Experience in people management
• CFA or FRM qualification is an advantage
• Creative and innovative in sourcing and analyzing data; able to effectively synthesize and summarize detailed financial data to create meaningful, high-level, result-oriented dashboards
• Demonstrated ability to communicate in English (verbal / writing) and present complex issues in an easy-to-understand manner to various types of audiences
• Strong communication skills - clear, concise, and appropriate method of delivery
• Team leader, mentor and coach; responsibility to manage deliverables on tight deadlines
• Experience with establishing and meeting critical deadlines, as well as tracking and driving execution
• Flexibility to change priorities as new situations present themselves
• Collaborative team player with a strong work ethic that works effectively in cross-functional team environment
• Ability to confidently interact / escalate with stakeholders across regions

Team profile:

The Market Risk Backtesting team within Regulatory Controllers is responsible for backtesting the Firm’s VaR model used for RWA calculation under the Internal Model Approach on a daily basis and for reporting results periodically. The group liaises with Product Controllers, Market Risk Department, Regulatory Controllers globally.

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.

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.

For further information, and to apply, please visit our website via the “Apply” button below.