ISG and Infrastructure Coverage, Vice President
Budapest
JR021633

The role will reside within Legal and Compliance's Non-Financial Risk Department focusing on the Firm's Institutional Securities Group ISG, and the Finance and Operations functions supporting it.

Operational Risk refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., fraud, legal and compliance risks or damage to physical assets). The Firm may incur operational risk across the full scope of its business activities, including revenue-generating activities (e.g., sales and trading) and control groups (e.g., information technology and trade processing).

The individual will play a critical strategic role in driving risk management activities, which will include work on strategic growth readiness assessments, new product approval, risk scenario analysis, risk metrics development and oversight, deep dives, and analyses. They will also support adoption of these risk management activities within the Non-Financial Risk framework, standards, and methodology.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm’s management of legal, regulatory and franchise risk.

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 collaboratively in a high performing multi discipline global team across Non-Financial Risk.
- Partner with the relevant business units and support functions to develop a perspective on operational risk relevant to the ISG, Finance, and Operations Divisions; including consideration of evolving regulatory expectations.
- Perform deep dives into material operational risk events (internal and external) and proactive analyses of thematic operational risks.
- Lead due diligence reviews for New Product Approvals (NPAs)
- Lead Scenario Analyses activities where significant and emerging risks are assessed.
- Assist ISG, Finance, and Operations in highlighting their key operational risks and management of risk levels against designated risk tolerance levels.
- Develop analytical capabilities to support the operational risk assessment process for ISG, Finance, and Operations functions, risk types, regions, and legal entities.
- Contribute to the development of presentations for executive management and senior risk managers, including reporting to boards and committees.
- Develop and manage Operation Risk coverage personnel

What we’re looking for:
- An undergraduate degree (B.A., B.S., or equivalent) required
- 10 or more years of relevant experience in an Operational Risk, Finance, Operations, or other related role within Financial Markets, Institutional Banking or related environment.
- Confidence to take ideas forward and to challenge others, where appropriate.
- Proven ability to anticipate and identify risks and identify effective mitigation.
- Strong team skills with ability to support talent development, build team cohesiveness and coordinate multiple team activities across a range of operational risk processes and product areas
- Strong organizational skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines
- Excellent communication skills, both verbal and written; ability to produce concise and effective presentations

Skills that will help you in the role:
- Strong understanding of Operations and Finance industry standards and practices; good understanding of Firm Holding Company and Banking regulations

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://www.morganstanley.com/about-us/global-offices​ into your browser.

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.