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

We offer:

• Working on real business challenges that provide opportunity for constant learning and advancement
• Being part of the first line Investment Management (IM) business
• Best cross asset exposure to help you take your skills to drive impactful change
• Work closely with senior management from various business units
• Supportive, vibrant and collaborative multinational team and environment
• A competitive compensation and benefits package including eligibility for an annual bonus
• Flexible working arrangements (core hours and opportunity to work from home)

You will:

• Represent the Quantitative Research and Model Review (QRMR) team as the IM model control function across MSIM and at firm level on model risk management discussions and system and infrastructure initiatives
• Support and shape model governance initiatives and strategy setting for model risk management
• Engage in model development discussions, documentation, testing and validation
• Perform model review including analysis of adequacy of testing and propose model testing strategies as required for Investment Management (IM) models, such as portfolio construction, research, risk, valuation, AI and advanced statistical models
• Assess and document the performance of IM models
• Analyze and document IM models
• Assess quality of implementation of IM models and their compliance with policies and procedures
• Support Deterministic Quantitative Methods (DQMs) governance initiatives, including implementation of appropriate controls and attestation of compliance to the DQM`s governance framework
• Work closely with Morgan Stanley Model Risk Management to ensure appropriate application of model risk assessment for IM models and timely closure of key deliverables on model risk management
• Work closely with portfolio managers (model owners) and quants (model developers) to ensure models are developed and maintained in accordance with policies and standards
• Ensure model documentation is in line with regulatory model risk management guidance covering OCC 2011-12, SR 11-7 and other related standards and regulations
• Serve as advisory function for portfolio managers (model owners) across the business regarding model documentation and provide recommendations on appropriate enhancements to help close model limitations
• Work with the team to develop the proper framework for model risk assessment, model change control and ongoing model performance/health monitoring
• Work closely with the team on projects and other strategic initiatives related to model governance enhancements

You have:

• At least 3 years of hands-on experience in model development/review/risk management in the financial services industry
• At least a bachelor’s degree in highly quantitative field, such as Applied Math, Statistics, Engineering, Mathematical Finance, Finance and Economics
• Fluid understanding of financial markets, economics, product valuation and portfolio management concepts
• Understanding of model strengths and weaknesses, blind spots and risks related to the implementation and usage
• Familiarity with essential quantitative techniques used in financial models
• Experience in model development or validation
• Strong communication (in English) skills are a must
• Experience with presentation to senior stakeholders, committee and forums is highly desired (in English)
• Programming skills in common computer languages such as R, Python or MATLAB
• Fluid understanding of software development lifecycle in a tightly controlled corporate environment
• Familiarity with vendor risk systems such as RiskMetrics, BlackRock Aladdin, MSCI Barra, Yield Book, SunGard APT, Bloomberg terminal is a plus
• Advanced degree in a quantitative field or CFA, FRM, CEFA certification is a plus

Team Profile:

About IM and QRMR:

Morgan Stanley Investment Management (MSIM or IM) is one of the largest asset managers in the world. It offers a wide range of products and services, including a large family of domestic and international Equity, Fixed and Multi-asset class funds for individual and institutional investors. With over 30 years of global investment experience, IM offers its clients the personalized attention and service of a boutique, the intelligence and creativity of some of the brightest professionals in the industry and the global resources of Morgan Stanley. IM’s comprehensive suite of investment strategies are designed to help meet the diverse needs of institutional investors throughout the world.

Quantitative Research and Model Review (QRMR) team is part of the first line Business Unit risk management and analysis team that is responsible for developing leading quantitative solutions to support risk management of the funds and business as a whole, and centrally support model risk management for the business. The team has strong partnerships with investment teams, firm model risk, valuation, technology and trading.

*About us: *Morgan Stanley provides a superior foundation for building a professional career - a place for people to learn, achieve and grow. You will be exposed to a truly international and multi-cultural environment that appreciates and respects individuality. Our state-of-the-art offices in the City Centre have been designed to maximize collaboration.BPMM

/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. /

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.

Job: *Quantitative Strategies

Title: Quantitative Analyst - First-line Risk

Location: Europe, Middle East, Africa-Hungary-Budapest-Budapest

Requisition ID: 3251355