Credit Risk Stress Testing Specialist - Associate

Credit Risk Stress Testing Specialist

Morgan Stanley is seeking an Associate to support the Counterparty Stress Testing team within the Credit Risk Department, based in Budapest. The successful candidate will be part of a multi-disciplinary team that is dedicated to covering counterparty credit risk within ISG (Institutional Securities Group) at a portfolio level, including analysing the portfolio risk with each product type, conducting stress loss analysis and collaborating with other areas within Risk and the Business.

We offer:
-A competitive benefits package including eligibility for an annual bonus
-Flexible working arrangements (core hours and opportunity to work from home)
-Extensive training both in the classroom, and on the job from seasoned professionals, with additional access to Morgan Stanley's world-class internal trainings

-International team, with young, dynamic, and vibrant culture centered on diversity and inclusion BPSTRESSZ

You will:
-Produce weekly portfolio level counterparty stress loss analysis of firm macro scenarios
-Analyze and highlight potential vulnerabilities of the Firm based on loss projections under different internal and regulatory financial scenarios; including Climate Risk and CCAR
-Deliver improvements to the stress testing infrastructure by working closely with Risk Analytics, IT and Market Risk
-Participate in execution of ad-hoc stress testing exercises
-Manage innovative projects related to data analysis, visualization, and process automation

You have:
-3+ years experience in Risk Management or Finance
-Solid academic background, preferably with a degree in a quantitative discipline, such as economics, finance, statistics/mathematics, sciences or engineering
-Strong written and verbal communication skills in English
-Interest in markets, risk models and financial products
-Familiarity with products that generate Counterparty Credit Risk: OTC derivatives (Rates, FX, Credit, Equities, Commodities) & Securities Financing Transactions
-Ability to handle and analyze large datasets in Excel, additional fluency in VBA or SQL is an advantage
-Attention to detail and prioritization skills will be key in balancing daily deadlines with timely implementation of strategic projects BPSTRESSZ

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 whom 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 LinkedIn for more information.