2024 Legal and Compliance Off-cycle Internship - Operational Risk (Budapest)

You have certainly come across risk. Almost every aspects of life are subject to it; just think about certain operational risk topics like earthquakes, reporting errors, thefts and many more. In an investment bank like Morgan Stanley, risk management is at the cornerstone of all business activities that you will experience during your internship. You will have the opportunity to gain insight into how banks manage and model their capital for regulatory and business purposes.

We offer:
• A supportive and vibrant multinational environment in an inspiring international team
• Continuous development opportunities and training tools
• Opportunity to participate in the firm’s networking events
• Internship extension / Full-time offer upon graduation

You will:
• Have the opportunity to choose from the following working areas, focusing on the following aspects: 

Operational Risk Analytics
• Provide support for the Data and Analytics team and cooperate with other groups to develop its technology
• Produce analysis on capital and stress testing model performance, design visual representation of the results
• Improve model implementations in Python
• Work with Data and Analytics team on model methodology enhancements

Operational Risk Scenario Analysis
• Provide business administration and support for the firmwide Scenario Analysis Program and cooperate with other groups to develop its technology 
• Produce exploratory data analysis on operational risk data and design visual representation of data and results 
• Establish the relationship between driver and loss impact 
• Identify scenario storylines and measure associated loss impact 

Operational Risk Coverage Support
• Analyze large data sets of structured and unstructured data
• Contribute to development of presentations for executive management and senior risk managers 
• Perform other ad hoc projects, analyses and presentation support
• Cooperate with other groups/teams to scope projects, define analytical approaches

You have:
• Ongoing BSc or MSc studies preferably in a quantitative field such as Finance, Economics, Computer Science, Financial Mathematical Analysis or Mathematics
• Good problem-solving and analytical skills
• Knowledge of Microsoft Office tools, especially Excel (VBA knowledge is an advantage)
• Experience with Python, SQL, Power BI or Tableau
• Good command of spoken and written English
• Excellent communication skills
• Interest to study methodologies of capital modelling, model implementation techniques, managing operational risk

Application Process:

If you are interested in the above opportunity, please apply here by submitting your English CV.
Although application deadlines are in place, you are advised to apply early as we recruit on an ongoing basis.

About us:
At Morgan Stanley we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. We are dedicated to providing first-class service to our clients in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society. Explore the exceptional ideas generated by our industry thought leaders about Personal Finance, Market Trends, Technology, Sustainability, Diversity & Inclusion and more.
At Morgan Stanley Budapest, we are shaping the future of our global business and contributing to our local community. Our team works across numerous areas, including Technology, Mathematical Modelling, Finance, Risk Management, Operations and Data & Analytics from our new state-of-the-art offices near the Danube and our City Gate office in the heart of the city centre.
Realize your full potential at Morgan Stanley. Through our campus programs, students and recent grads contribute to an ideas-driven culture that embraces new and diverse perspectives to solve complex problems and drive greater impact. We value a collaborative atmosphere that encourages mentorship, continuous learning, networking, and honing skills. Our campus programs are designed for you to start and grow your career, whether in technology, finance, risk management, or another division. Our programs flex to varied interests and backgrounds. Learn how you can be supported, empowered, and inspired to achieve your full potential at Morgan Stanley.
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.