About us:

Morgan Stanley Investment Management (MSIM or IM) is one of the largest asset managers in the world. It offers a wide range of products and services, including a large family of domestic and international Equity, Fixed and Multi-asset class funds for individual and institutional investors. With over 30 years of global investment experience, IM offers its clients the personalized attention and service of a boutique, the intelligence and creativity of some of the brightest professionals in the industry and the global resources of Morgan Stanley. IM’s comprehensive suite of investment strategies are designed to help meet the diverse needs of institutional investors throughout the world.

Position Overview:

Investment Management’s Global Risk & Analysis department has an open position a Vendor Oversight Risk Associate based in Budapest. The role will be responsible for governance of Third-Party relationships and activities related to the onboarding and ongoing monitoring of Third-Party Services throughout their lifecycle. A successful candidate has experience in or knowledge of third-party risk processes and risk assessment.

Key responsibilities:

• Direct and facilitate for the Business Unit, to ensure, all divisional suppliers with services in scope for Third Party Risk Management are logged and updated in Firm risk assessment platforms.

• Collaborate with stakeholders in the design and implementation of tooling to support the Non-Financial Risk team and assist in the development of procedures and documentation.

• Assist with the review of vendors for the divisions third-party preselection process and onboarding of services into Firm tooling.

• Oversee and enforce divisional compliance with Firm third-party requirements as Third-Party Single Point of Contact. This is inclusive of issue tracking and remedial efforts, providing feedback for ongoing improvement, and supporting other related initiatives.

• Assist in the implementation and coordination of divisional third-party strategy in conjunction with business including developing procedures and processes.

• Assist with providing Program training provided to new Service Owners and the change control process for changes to third-party program processes/procedures, systems and reporting or data.

• Coordinate with the Firm Due Diligence Groups and Control Groups to confirm that appropriate due diligence, risk assessments and any corresponding remedial actions are complete.

• Develop and provide reporting to provide visibility into status of active Third-Party Services as well of services undergoing onboarding or termination.

• Assist with coordination of significant Third Party-related incidents as required.

• Partner with our broader NFR team to align on stakeholder communication, resolve conflicts and manage risk, issue, and dependency escalations.

Key Skills and requirements:

• Bachelor’s degree in business, finance, economics or other disciplines demonstrating both quantitative and qualitative analytical skills

• 2-4 years of relevant experience in financial services industry, or other highly regulated industries preferable

• Out of which 1-2 years of experience in Third-Party supplier management or related risk (eg. NFR risk) experience is preferred

• Excellent communication (in English), presentation and stakeholder management skills

• Ability to analyse data, extract key information and craft a risk view for presentation to senior management

• Ability to be flexible, adjust to changing priorities and unforeseen events, and proactively adjust strategy and approach

• Good project management skills are a plus

• Proficiency in MS Office and related applications (PowerPoint, Excel, Word)

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 maximise 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.

Build a career with impact. Visit morganstanley.hu or LinkedIn for more information.

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. We 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.

We're committed to bringing passion and customer focus to the business.

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.