Hungary Job Openings
Morgan Stanley
Risk Process Validation Team Leader
Budapest
FULL TIME
September 25, 2024
Risk Process Validation Team Leader
Job Number:
3259133
3259133
POSTING DATE: Oct 3, 2024
PRIMARY LOCATION: Europe, Middle East, Africa-Hungary-Budapest-Budapest
EDUCATION LEVEL: Bachelor's Degree
JOB: Model Risk
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Vice President
RPVG Team Leader
Risk Process Validation Group
Morgan Stanley’s Model Risk Management (MRM) department resides within Morgan Stanley’s Firm Risk Management (FRM) Division. The Risk Process Validation Group (RPVG) is an independent validation function within MRM. RPVG is responsible for independently assessing selected controls and processes related to Market, Credit, Liquidity, Capital and Data Risk.
Morgan Stanley’s Model Risk Management (MRM) department resides within Morgan Stanley’s Firm Risk Management (FRM) Division. The Risk Process Validation Group (RPVG) is an independent validation function within MRM. RPVG is responsible for independently assessing selected controls and processes related to Market, Credit, Liquidity, Capital and Data Risk.
Primary Responsibilities
- Lead the team to perform independent validations of selected FRM processes and controls, including those relating to regulatory and Basel requirements;
- Maintain the RPVG Validation Inventory; design the validation program, annual plan and reassess the risk-based prioritization approach;
- Manage and supervise the execution of reviews (e.g., planning, documenting, reporting) and continuous monitoring activities (e.g., risk assessments);
- Provide review and challenge to all phases of the individual validations; own issue assessment and socialization, finalize validation memo, review and sign off the validation documentation;
- Present validation plans, issues and observations to senior management and relevant management committees
- Evolve and enhance the team’s validation methodology and execution capabilities;
- Engage with key stakeholders, governing bodies, and business partners to review status of validation work, results of test work, and quarterly reporting;
- Partner with other independent validation teams within., Model Risk Management as well as with Regulatory Reporting Quality Assurance (RRQA) to support a unified end-to-end validation program
- Drive the process automation and advanced data analytics initiatives to enhance validation efficiency
- Manage, coach and develop local team members.
You have:
- Bachelor’s or higher degree in Finance, Economics, Computer Science, Mathematics, Engineering or other business or risk management related areas
- 10+ years of experience from consulting, risk management, or internal audit covering processes and controls across risk stripes (e.g., Credit, Market, Liquidity, Capital and Data Risk);
- Strong understanding of the banking regulatory environment, including familiarity with Bank of International Settlements (BIS) principles (e.g., Basel III, BCBS 239, FRTB), FRB, OCC, ECB, PRA Capital Planning requirements and practices (e.g., CCAR, DFAST);
- Experience with core banking, investment and trading products, and banking regulations (e.g., FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23);
- Understanding of data lineage and database schema; experience working with large data sets, data warehouse, or data lake; knowledge of IT general controls; business analyst experience;
- Knowledge and experience with data analytics and data visualization tools and systems (e.g., Power BI, Alteryx, Dataiku, Qlik View, Tableau); experience with writing or editing SQL, Python and/or other programming languages; advanced Excel knowledge (preferred)
- Knowledge and experience with robotic process automation (RPA) (preferred);
- Relevant certifications or designations (e.g., CFA or FRM) (preferred).
You will also have:
- Ability to successfully lead and manage teams and collaborate with global teams
- Ability to develop partnerships across functions and geographies
- Strong risk, process, and control validation/testing, analytical and assessment skills
- Strong communicator with good interpersonal skills
- Ability to influence and execute the vision for RPVG globally
- Pragmatic problem solver and forward thinker
- Ability to prioritize and manage multiple competing objectives.
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.
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.
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.
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