Morgan Stanley

Budapest Market Risk Controller - Director

Location
Budapest, Hungary
Salary
Not disclosed
Posted
13 Jun 2024
Closes
13 Jul 2024
Ref
3254025
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Director

Description

Team Profile: The Market Risk Control (MRC) team is responsible for executing and supervising a variety of regulatory driven controls with regard to the Firm's Value at Risk (VaR) Backtesting, and Banking vs. Trading Book boundary processes. The team is also a key contributor to the associated internal and external reporting and in the development of new processes to comply with upcoming regulatory rule changes. Given this broad remit, the MRC team work closely with a wide range of clients and stakeholders globally, e.g. - the Market Risk department, Risk Analytics, Model Risk Management, Operations, Regulatory Policy, Legal Entity Controllers, Product Controllers and the Business Unit. This breadth of interaction provides an excellent and somewhat unique opportunity to learn about a range of businesses and products across the firm. Market Risk Control have a footprint in Budapest, New York, London, and Tokyo.

You will:

  • As part of the Market Risk Control organisation within Budapest the successful candidate will be involved in supporting the ongoing compliance with existing processes and reporting, and in assessing / developing new processes to meet future Regulatory requirements.
  • Detailed responsibilities include but are not limited to:
  • Support the delivery of time sensitive internal and external reports and queries from senior management, auditors and regulators.
  • Develop understanding of the regulatory requirements of VaR Backtesting, and be able to explain how the Firm evidences compliance
  • Support the strategic development of Firm systems, partnering with IT teams to explain, prioritise, test and implement new business requirements (in particular, involving change-the-bank 'Fundamental Review of the Trading Book / Basel III endgame' initiatives)
  • Challenge processes and procedures to enhance controls and streamline efficiencies.
  • Assist with the preparation of governance materials and support the maintenance and development of documentation to the standard that can be shared with regulators.
  • Partner with wider MRC team both locally and globally on cross silo initiatives / projects
  • Develop and maintain relationships with a range of clients /stakeholders including Product Control, Risk Management and Regulatory Policy teams.

Qualifications

You have:

  • Work experience within large financial services firms or other directly relevant experience (commensurate with role being applied for). 
  • An awareness in Financial Markets / products and the Basel Regulatory environment.
  • Close attention to detail and highly numerate. Strong commitment to developing their own skills. 
  • Strong verbal and written communication skills.
  • Excellent Microsoft Office skills (Excel, Teams, PowerPoint, PowerBi) and be proficient in data mining and investigating complex issues to extract key themes and discover root causes.
  • The flexibility required to work in a dynamic environment under tight deadlines taking accountability and ownership for multiple deliverables.
  • High level of guardianship - ensuring that exceptions are identified, resolved and escalated on a timely basis.
  • Track record of proactively driving projects forward and working closely with IT development teams to deliver change

We offer

  • The chance to work in the Finance department of one of the world's top tier Financial Institutions and gain first-hand insight into our business.
  • A competitive compensation and benefits package
  • Flexible working arrangements - core hours and opportunity to work from home.
  • Professional development opportunities including access to Morgan Stanley's world-class internal trainings, financial and study-leave support for selected professional qualifications (CFA, ACCA, FRM)
  • Volunteering opportunities to give back and invest in the future of our communities.
  • Enriching

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

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