Hungary Job Openings
Morgan Stanley
Credit Risk Stress Testing Associate
Budapest
FULL TIME
September 17, 2024
Credit Risk Stress Testing Associate
Job Number:
3259134
3259134
POSTING DATE: Sep 17, 2024
PRIMARY LOCATION: Europe, Middle East, Africa-Hungary-Budapest-Budapest
EDUCATION LEVEL: Bachelor's Degree
JOB: Credit Risk
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate
Morgan Stanley is seeking an Analyst to support the Lending Stress Testing team within the Credit Risk Department, based in Budapest. The successful candidate will be part of a multi-disciplinary team that is dedicated to covering the lending businesses within ISG (Institutional Securities Group) at a portfolio level, including analysing the portfolio risk with each lending business, conducting stress loss analysis (centred around the Firm’s CCAR submissions and expected credit loss (CECL, IFRS9) calculation), and collaborating with other areas within Risk and the Business to manage and analyse the pipeline.
We offer:
- A competitive benefits package including eligibility for an annual bonus
- Flexible working arrangements (core hours and opportunity to work from home)
- Extensive training both in the classroom, and on the job from seasoned professionals, with additional access to Morgan Stanley’s world-class internal trainings
- Young, dynamic, and vibrant culture centered on diversity and inclusion
You will:
- Analyze and identify potential vulnerabilities of the Firm based on loss projections under different internal and regulatory financial scenarios; including Climate Risk and CCAR
- Collaborate with New York based stakeholders, communicating results to senior management
- Participate in innovative projects related to data analysis, visualization, and process automation
- Work closely with model design and validation teams to detect and improve weaknesses in risk models
- Coordinate as necessary with other functional groups within and outside risk management
You have:
- Solid academic background, preferably with a degree in a quantitative discipline, such as economics, finance, statistics/mathematics, sciences or engineering
- Strong written and verbal communication skills in English
- Interest in markets, risk models and financial products
- Attention to detail and prioritization skills will be key in balancing daily deadlines with timely implementation of strategic projects
- Ability to handle and analyze large datasets in Excel, additional fluency in VBA or SQL is an advantage
Team Profile:
The Credit Risk Team in Budapest, comprised of more than 100 professionals, is one of the key lines of defence for Morgan Stanley’s balance sheet. The team ensures that credit ratings, limits, and other attributes are accurate and up to date for Morgan Stanley’s corporate lending and derivatives trading business lines, while also participating in the preparation of proposals for the extension of credit.
About us:
Morgan Stanley provides a superior foundation for building a professional career - a place to learn, grow and achieve. You will be exposed to a truly international and multi-cultural environment that appreciates and respects who you are as a person. Our state-of-the-art offices in the City Centre have been designed to maximize collaboration.
BPSTRESS
Learn about our culture and the opportunities for professional growth at Morgan Stanley Budapest:
Build a career with impact. Visit morganstanley.hu or Linked In for more information.
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 whom 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.
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