[Skip to main content](#main-content) [OpenNash Jobs](https://jobs.opennash.com/) [Hiring report](/reports/hiring/) · [All Morgan Stanley jobs](https://jobs.opennash.com/companies/morgan-stanley/) · [Search jobs](/search/) Morgan Stanley · Budapest, Hungary # Private Markets Risk Associate Budapest, Hungary Marketing Listed on Morgan Stanley’s official careers site. Posted September 19, 2026. Check that it is still open and apply there. [Apply on Morgan Stanley’s careers site →](https://ms.wd5.myworkdayjobs.com/External/job/Budapest-Hungary/Private-Markets-Risk-Associate_PT-JR043661) [OpenNash Jobs](https://jobs.opennash.com/) / [Morgan Stanley](https://jobs.opennash.com/companies/morgan-stanley/) / Private Markets Risk Associate ## Job description We are seeking a Private Markets Risk Associate to support the Firm Risk team within the Investment Management Risk Department, based in Budapest. The team is dedicated to providing oversight and governance of risks arising from the Firm's Investment Management business activities. The successful candidate will be based in Budapest and support independent Second Line of Defense risk coverage of the Firm's Private markets investment offerings across regions. In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyse and monitor risks and lead key regulatory initiatives. Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world. ### What you'll do in the role Conduct risk and valuation analysis on underlying assets within a set of portfolios with focus on private markets and related product Design and develop appropriate risk tools and analysis across the fiduciary platform and tailored analysis for individual business mandates, including concentration and scenario analysis, and monitoring of investment risk, credit risk, liquidity risk, counterparty risk, and sustainability risk Production and analysis of risk indicators and reports. - Contribute to the continuous enhancement of risk and valuation control toolset and management reporting, to improve identification and escalation of risks Periodic review and validation of models, tools, policies and procedures used for the risk management of illiquid alternative asset classes - Track updates related to industry developments and trends, as well as changes in relevant local laws/regulations, and assess their implications and potential impact on portfolios/investments - Contribute to Firmwide or special projects around the risk framework and key risk factors & technical enhancements, exhibiting innovative approach to problem solving What you'll bring to the role: Bachelor's degree in economics, finance, risk management or quantitative field. ### Advanced degree a plus - Minimum of 3-5 years of work experience preferred in the financial services industry, particularly in private markets asset management/Private Equity - Strong fundamental understanding of the asset management business, focusing on illiquid alternative products Detail oriented with strong analytical skills, with ability to explain complex financial concepts - Knowledge of key risk and valuation drivers for a diverse set of private alternative asset classes, including real estate, private equity, infrastructure, debt (senior, mezzanine, junior capital), and structured credit (CMBS, CLO) - Strong quantitative and financial modeling skills utilizing tools such as advanced MS Excel, Python, and strong working knowledge of MS Word and PowerPoint Technical knowledge of financial markets and products as well as related valuation and risk models (e.g., Multiple Approach, DCF, VaR, cash flow sensitivities, stress testing) #LI-hybrid #LI-JL01 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​](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](https://www.morganstanley.com/people-opportunities/eeo). ## At a glance - Posted by the employer: Sep 19, 2026 - First seen by OpenNash: Oct 11, 2026 - Last checked: Oct 18, 2026 - Listed for: 29 days - Location: Budapest, Hungary[Apply on Morgan Stanley’s careers site →](https://ms.wd5.myworkdayjobs.com/External/job/Budapest-Hungary/Private-Markets-Risk-Associate_PT-JR043661) ## More jobs at Morgan Stanley ### [Market Risk Manager](https://jobs.opennash.com/companies/morgan-stanley/jobs/185d24fb27f1e69b5221/) Budapest, Hungary ### [Nodal Power Market Analyst](https://jobs.opennash.com/companies/morgan-stanley/jobs/cf1251bfed37e205c2fe/) Budapest, Hungary ### [AML & KYC Risk Specialist](https://jobs.opennash.com/companies/morgan-stanley/jobs/9fb37bc68aff4ed99f2c/) Budapest, Hungary ### [Application Cybersecurity Specialist](https://jobs.opennash.com/companies/morgan-stanley/jobs/6abbdda060b5e827e011/) Budapest, Hungary ### [Application and Infrastructure Security](https://jobs.opennash.com/companies/morgan-stanley/jobs/c61a39e2e35fd63cb18f/) Budapest, Hungary ## Similar jobs at other companies ### [Markets Risk & Controls - Preventative Booking Controls Implementation Specialist](https://jobs.opennash.com/companies/citigroup/jobs/bfdee9f3c0806bae50e9/) Citigroup · Mississauga Ontario Canada ### [EMEA Global Markets Sales Credit Risk Portfolio – Associate](https://jobs.opennash.com/companies/jpmorganchase/jobs/6066857ed308f86505dd/) JPMorganChase · LONDON, United Kingdom ### [Analyst SBL Risk & Control Capital Markets](https://jobs.opennash.com/companies/national-bank-of-canada/jobs/47ebda5cfd01314b6a05/) National Bank of Canada ### [Non Financial Risk Manager - Private Markets](https://jobs.opennash.com/companies/standard-life/jobs/b78b3e0143f32e8cdbdd/) Standard Life · London, England, United Kingdom ### [Global Markets Risk Projects - Senior Manager](https://jobs.opennash.com/companies/bbva-banco-bilbao-vizcaya-argentaria/jobs/4376583505164f7a8030/) BBVA-Banco Bilbao Vizcaya Argentaria · BBVA, One Canada Square, Canary Wharf London OpenNash lists jobs from employers’ own careers sites and does not handle applications. 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