*We offer: * • To work with some of the best professionals in the business - for a firm that values individual intellect as much as teamwork • State-of-the-art offices in the City Centre that are designed to maximize collaboration • Flexible working arrangements (core hours and opportunity to work from home) • Enriching challenges that provide opportunity for constant learning and advancement • An environment which is leveraging technology to its highest potential

The Technology Models office is responsible for the governance of model risk within Technology. The candidate will play a critical role in ensuring the models used in Technology, Cyber and Fraud are in compliance with regulatory requirements and firm’s Model Risk Management policies through model documentation and testing. This role involves specifically the analysis, testing, documentation and certification of models, mostly vendor models purchased by Morgan Stanley.

*You will: * • The key responsibilities of this role are • documentation of the fraud risk following model risk management guideline and assist in the model certification process with the Model Risk Management team • Develop ongoing monitoring plan for the given models to fulfill model risk management guideline. • Work with vendors and business to understand the model’s methodology and outputs. • Design testing plans and negotiate testing plans with Vendor and Model Risk Management (second line of defense) to assess model performance. Perform tests in collaborations with vendors and business teams. Analyze test results and identify potential issues and report to business. • Address questions raised during the model certification process. Work with vendors, business and Model Risk Management to investigate and remediate model related issues/limitations identified during the certification process. • Liaise with the business and Model Validators to understand business needs, implementation and control process needed for certification. • Document models as per the Morgan Stanley model documentation template. Perform model maintenance work after model certification as per Model Risk Management policies which includes but not limited to model annual recertification, revalidation, model change document update and testing etc. • Develop ongoing monitoring plan for the given models following model risk management guideline. Manage the ongoing monitoring process by negotiating with the vendor to implement monitoring plans and report monitoring results to the Model Control committee. • Present monitoring at the monthly Model Control Committee.#LI-FT1

*You have: * • Bachelor degree in Mathematics, Finance, Statistics, Computer Science or other quantitative fields • Strong understanding of statistical modeling and quantitative analysis
• Excellent technical writing skills • Excellent verbal communication skills, with the ability to communicate efficiently with key stakeholders • Detail oriented with good organizational skill • Advanced working knowledge of MS Excel, PowerPoint, Word, and SharePoint. • Superior analytical thinking and problem solving abilities. • Leadership potential with strong relationship building skills • Self-starter, self-motivator and team player who brings a "can-do" approach

*You might also have: * • Advanced degree e.g.: MSc, PhD • Experience with Machine Learning modeling • Programming skills

*Team Profile: * Technology Risk Governance and Controls (TRGC) serves as a key function of the Firm’s Cyber Data Risk and Resilience (CDRR) Division, responsible for ensuring that the Firm’s Technology, Information Security and Cyber controls and risk management practices meet regulatory expectations and industry best practices.BPTECH

Division Profile The Cyber, Data, Risk and Resilience (CDRR) division provides first-line defences for information and cyber security, fraud, resilience, response and recovery, and technology risk and controls. The organization also includes Morgan Stanley’s Firmwide Data Office, International Technology offices, and the Non-Financial Risk Technology organization.

*About us: * Morgan Stanley is a global financial services firm and a market leader in investment banking, securities, investment management and wealth management services. At Morgan Stanley Budapest, we are shaping the future of our global business and contributing to our local community. Our team works across numerous areas, including Technology, Mathematical Modelling, Finance, Risk Management, Operations and Data & Analytics from our new state-of-the-art offices near the Danube and our City Gate office in the heart of the city centre.

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.

/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. /

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/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./

Job: *Risk Management

Title: Senior Model Risk Developer (VP)

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

Requisition ID: 3255010