Expense Manager

at  Morgan Stanley

Expense Manager
Job Number:

3261287
POSTING DATE: Nov 4, 2024
PRIMARY LOCATION: Europe, Middle East, Africa-Hungary-Budapest-Budapest
EDUCATION LEVEL: Bachelor’s Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Director

DESCRIPTION

Morgan Stanley is seeking an Expense Manager to support Corporate Services’ functional groups. This Director will be part of the Expense Management team under the group Business Services and Innovation responsible to help drive and enable the department’s evolving expense management initiatives and objectives.
The Director will be part of Business Services and Innovation supporting Expense Management.
Department Profile
Corporate Services provides global solutions to Morgan Stanley’s workforce across a robust portfolio of services optimizing the workplace. These global services include Real Estate Solutions, Corporate Travel, Corporate Security & Investigations, Corporate Business Solutions, and Business Services and Innovation, together comprising a multi-billion-dollar service portfolio with approximately 8,000 in staff.
Company Profile
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:

• Governance and Policies & Procedures

o Drive effective general ledger hygiene to ensure appropriate flow of monthly expenses.
o Closely collaborate with the Finance division to drive appropriate controls and accounting of spend.
o Partner with the Finance coverage team to ensure divisional and Firm interests are aligned.
o Ensure divisional compliance with relevant Firm expense policies.
o Develop and maintain collaboration sites (i.e., Teams, SharePoint, etc.) to house key data and reports.
o Follow the cost governance process and provide oversight and guardianship towards expense management.
o Provide consistent governance across all functions regarding end to end budget process
o Proactively identify issues and opportunities within the functional area and present sound business recommendations.
o Evaluate business implications and outcomes on in-flight initiatives and requiring key decisions.

o Collaborate with the global COO finance team and support initiatives across the regions to enhance the overall expensed management for Corporate Services.

• Budget and forecasting

o Work with the various Corporate Services functions to develop budget.
o Coordinate globally with other regional COO’s, and finance teams to finalize budget.
o Carry out regular forecasting activities Coordinate globally with other regional COO’s and finance teams to report against budget.

o Escalate and communicate appropriately on spending against budget and forecasts to management.

• Tracking and Reporting

o Drive transparency and insights to internal clients and stakeholders across the Firm.
o Monitor financial performance, conducting variance analysis on expenses and external factors that could potentially impact ability to meet financial goals.
o Support the creation, review and editing of strategic materials or presentations.
o Analyze departmental trends relative to production and efficiency metrics.
o Create automated reporting views to aid in management of expenses and communicated results to the organization.

QUALIFICATIONS

What you’ll bring to the role:

• Interest in financial institutions, organizational management, and strategy.
• Strong desire to achieve individual, team, and client success.
• Actively contribute to team discussions and meetings with team leadership
• Proactive and responsive in a dynamic business environment.
• Excellent problem-solving, analytical, project management, and quantitative skills.
• Articulate and persuasive written, verbal, communication, and presentation skills.
• Good interpersonal skills and sharp attention to detail.
• Ability to form lasting effective working relationships at all levels of the organization.
• Team player with a strong work ethic and highly motivated to learn.
• Manage expectations and handle high-pressure situations.

Required Qualifications

• Bachelor’s degree required.
• 2-4 years related experience in financial industry.
• Possess specific experience of managing expenses is a plus
• Demonstrate proficiency in Microsoft Office products, particularly PowerPoint and Excel
• Ability to work at Morgan Stanley offices in Budapest.

Preferred Qualifications

• Experience with Technology project management tools.

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. Our 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

What you’ll bring to the role:

• Interest in financial institutions, organizational management, and strategy.
• Strong desire to achieve individual, team, and client success.
• Actively contribute to team discussions and meetings with team leadership
• Proactive and responsive in a dynamic business environment.
• Excellent problem-solving, analytical, project management, and quantitative skills.
• Articulate and persuasive written, verbal, communication, and presentation skills.
• Good interpersonal skills and sharp attention to detail.
• Ability to form lasting effective working relationships at all levels of the organization.
• Team player with a strong work ethic and highly motivated to learn.
• Manage expectations and handle high-pressure situations