Risk and Control Self-Assessment Senior Associate (RCSA) at Morgan Stanley

Budapest, Central Hungary, Hungary -

Full Time

Start Date

Immediate

Expiry Date

06 Apr, 26

Salary

0.0

Posted On

06 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Assessment, Control Assessment, Data Analysis, Communication Skills, Analytical Skills, Financial Services, Regulatory Compliance, Policy Development, Quality Assurance, Collaboration, Process Improvement, Risk Management, Technical Understanding, Investment Products, Trading Products, Operational Risk

Industry

Financial Services

Description

About Morgan Stanley Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture Team Profile The Non -Financial Risk Assessment (NFRA) / Risk and Control Self – Assessment (RCSA) team is responsible for designing, implementing, and maintaining the Firm’s framework for identifying, assessing, and managing non-financial risks. We ensure robust controls are in place to mitigate risks and protect the firm’s reputation and clients. The team partners closely with business units, technology, and risk functions to drive a culture of risk awareness and continuous improvement. The team monitors compliance with minimum standards, provides guidance, training, and support throughout the execution process. In addition, the team co-ordinates completion of the independent risk management review & challenge process. To perform this role successfully, a high level of interaction is required with business areas at all levels of the organization, and internally across Operational, Compliance and Financial Crimes risk. What you'll do in the role: Risk Profile Analysis: Analyze NFRA, Controls, and other Non-Financial Risk data to produce comprehensive risk profile analyses. These analyses should be used for quality assurance, senior management, and governance forums. Policy and Procedure Development: Support the development and enhancement of NFRA and Control Governance policies and procedures. Work with relevant Second Line Coverage teams and other NFR Framework teams to provide input and ensure alignment. Independent Quality Assurance Reviews: Define and facilitate these reviews by collaborating with Second Line Coverage teams across Operational Risk, Financial Crimes, and Compliance. Ensure that any issues identified are reported, escalated, and resolved promptly with the business. Collaboration Across Work Streams: Collaborate with other work streams within the Non-Financial Risk Framework, such as Issues and Actions, Scenario Analysis, Key Controls, and other NFR Teams like Data & Analytics, Monitoring and Oversight, and Technology. This collaboration is crucial for the successful delivery of the NFRA and Control Governance Programs. What you'll bring to the role: Experience: At least six years of relevant experience in financial services, with consideration given to those with Big 4 or risk consulting backgrounds. This experience should include familiarity with core banking, investment, and trading products, as well as an understanding of regulations and typologies. Risk and Control Skills: Strong skills in risk, process, and control assessment and validation are essential. The candidate should have a robust technical understanding of the financial services regulatory environment, particularly in compliance risk. Communication and Analytical Skills: Excellent communication, analytical, and risk management skills are required. The candidate should also have strong computing skills, with advanced knowledge of Excel and data analysis. #LI-HYBRID #LI-RV1 #BPGC 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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Certified Persons Regulatory Requirements: If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks. Flexible work statement 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.

Responsibilities

The role involves analyzing non-financial risk data to produce comprehensive risk profile analyses and supporting the development of governance policies and procedures. It also includes defining and facilitating independent quality assurance reviews and collaborating across various work streams within the Non-Financial Risk Framework.