Model Governance & Controls Associate

Bring your risk expertise. Challenge with confidence. Strengthen how Finance operates.

Ready to broaden your career beyond traditional risk, audit, or model work? Join Morgan Stanley’s Finance Division in Budapest and apply your expertise to the governance of critical models, tools, and End User Computing applications used across a global financial institution.

This is an exciting opportunity for professionals from Operational Risk, Internal Audit, Risk & Controls, Model Risk Management, Model Validation, or Model Development. You do not need previous model governance experience. If you understand risk, can evaluate control environments, and know how to challenge stakeholders constructively, you can build valuable specialist expertise in this role.

You will work closely with global colleagues across Finance, Risk Management, Technology, Internal Audit, and the business, gaining exposure to multiple risk disciplines and senior governance forums.

What you’ll do in the role:

• Oversee Finance models, critical tools, and EUCs throughout their governance lifecycle
• Review model inventories, documentation, certifications, exceptions, and governance evidence
• Assess risks and evaluate whether controls are appropriately designed and operating effectively
• Challenge governance processes and recommend practical improvements
• Support model onboarding, certification, recertification, exception management, and retirement
• Identify governance and control gaps, agree remediation actions, and track issues through resolution
• Monitor audit findings, policy exceptions, and regulatory commitments
• Analyse governance and controls data to identify trends, emerging risks, and process weaknesses
• Create clear metrics, dashboards, and management reporting for senior stakeholders and governance committees
• Partner with model developers, validators, Finance, Risk, Technology, and Internal Audit teams globally
• Help modernize and automate governance processes to improve transparency, accuracy, and efficiency

What you’ll bring to the role:

• Experience in Operational Risk, Internal Audit, Risk & Controls, Model Risk Management, Model Validation, Model Development, or another governance or assurance role
• A strong risk and control mindset, with the confidence to question existing processes and challenge constructively
• Experience assessing risks, reviewing controls, evaluating governance processes, or supporting remediation
• Strong analytical skills and the ability to turn complex information into clear conclusions
• Excellent communication and stakeholder-management skills
• The ability to build trusted relationships with both technical and business stakeholders
• Sound judgement, strong attention to detail, and an understanding of broader business impact
• Ownership and the ability to manage multiple priorities independently
• Excellent written and verbal English

Experience that would set you apart:

You do not need to meet every point. We would particularly welcome experience with:

• Model lifecycle governance or model-risk frameworks
• Control design, testing, assurance, or audit
• Model validation, quantitative review, or model development
• Issue management, remediation tracking, or policy exceptions
• Regulatory reviews or senior governance reporting
• Power BI, Tableau, Alteryx, SQL, advanced Excel, or other data-visualization tools
• Reporting automation or dashboard development

Why join us?

• Build on your existing risk, audit, controls, or modelling expertise
• Gain broader exposure across Credit, Market, Liquidity, Operational, and Model Risk
• Move beyond identifying issues and influence how governance and controls are improved
• Work with global stakeholders across Finance, Risk, Technology, Audit, and model-development teams
• Develop valuable capabilities in governance, risk assessment, senior reporting, and process transformation
• Join an international Budapest team that values professional judgement, constructive challenge, and continuous learning

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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 opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.