1st Line Operational Risk Associate

at  Morgan Stanley

1st Line Operational Risk Associate
Job Number:

3264612
POSTING DATE: Jan 22, 2025
PRIMARY LOCATION: Europe, Middle East, Africa-Hungary-Budapest-Budapest
EDUCATION LEVEL: Bachelor’s Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Director

DESCRIPTION

We’re seeking someone to join our team as a 1st Line Operational Risk Director to support key governance and control programs across major risk platforms including Operational Risk Management, Incident Management and Supplier Governance.
In the Corporate Services division, we provide solutions that enable Morgan Stanley’s workforce, across our global workplace locations, to effectively and efficiently work in the service of our clients. This is a Director level position within Business Unit Management, which performs business management/CAO functions such as headcount management, financials, people processes, executive communications, and strategic support.
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.
Morgan Stanley Budapest is an integral part of the Firm’s global critical business functions including Technology, Finance, Risk, Institutional Securities and Wealth Management. Morgan Stanley has been rooted in the Budapest community since 2006 and is considered a leading employer among the area’s highly skilled talent. Our innovative team delivers deep technical and mathematical expertise to support the Firm’s capabilities in quantitative analysis, data analysis, and risk management. We are relentless collaborators and creative thinkers, fueled by our diverse backgrounds and experiences. We believe in empowering individuals to advance their careers through exposure to innovation, hands-on collaboration and enriching learning and development opportunities.
Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…
What you’ll do in the role: #LI-MB1 #BPGC #BPPM
Key role in driving broad Firm operational risk management agenda across various control groups including Operational Risk management,
Supplier Risk management, Business Continuity management, Model Risk Management, Technology and Information Security
Support key CS governance and control programs across major risk platforms including Operational Risk Management, Incident management, Supplier Governance.
Lead management reporting and transparency objectives by creating and publishing various Risk Management reports including the monthly Risk Scorecard.
Support key risk objectives for enhancing our global risk management strategy, driving effective risk management culture, and promoting awareness and transparency programs across the division.
Manage critical projects tied to departmental risk objectives with focus on process improvement and enhanced outcomes that reduce the Firm’s risk exposure.
Analyze key risk metrics for trends (including delinquencies, data leakage, entitlements, supplier risk issues, and incident reporting) and formulate observations into recommended improvements.
Coordinate the development and maintenance of business continuity plans and crisis management protocol across all CS functional groups.
Participate in the business continuity program governance process including driving semi-annual continuity plan updates, rapid notification testing, and crisis management communications.
Help manage supplier governance (i.e., compliance with governance framework) and ensure critical deliverables are met.

QUALIFICATIONS

What you’ll bring to the role:
2-4 years of related experience in operational risk management and/or management reporting or equivalent
Demonstrated attention to detail balanced with ability to think strategically.
Excellent problem-solving, project management, analytical, and sound logic and judgment required.
Ability to effectively work across multiple teams, culture and time zones.
Demonstrated strong work ethic and highly motivated to learn and develop.
Proactively manage expectations while juggling multiple high-priority, time-sensitive deliverables simultaneously
Excellent critical thinking, analytical, communication, presentation, interpersonal and client services skills
Possess intermediate to advanced software skills particularly MS Power Point, Word and Excel
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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries.
At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect, and cross-collaboration. The Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity.
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.
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.

Please refer the Job description for details