Associate - FSL - Credit Risk - Morgan Stanley
New York, NY
About the Job
Job Number:
3248932Posting Date
: Apr 25, 2024Primary Location
: Americas-United States of America-New York-New YorkJob
: Credit RiskDescription
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks.
Background on the Position
The role will reside within the Firm Risk Management's Credit Risk Management area which is a team dedicated to evaluating credit risk transactions considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also assigns Internal Credit Ratings; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and Firm Risk Management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.
The role is within a multi-faceted team responsible for the coverage of highly structured transactions secured by various types of collateral, including residential mortgages, single-family homes, private credit loans, franchise royalties, and critical data infrastructure. The principal responsibilities include the evaluation of new transactions and subsequent collateral pledges, portfolio management of existing facilities, and monitoring upcoming renewals and repayments.
Primary Responsibilities
- Responsible for credit coverage of structured finance lending portfolio collateralized by whole operating businesses, project finance assets, or residential real estate loans
- Conducting client diligences and leading risk discussions with senior business unit members and to senior Credit officers related to new and existing transactions within coverage portfolio.
- Assessment of new transactions including renewals, amendments, and waivers as well as liaising with internal and external stakeholders including regulators and internal audit.
- Present transactions to Firm approval committees and quarterly review Credit committees of higher risk loans to the Global Head of FSL Credit Risk
- Training and development of junior team members
Qualifications
Experience:
- Bachelor's degree required
- Minimum 3-5 years of experience preferably covering specific or general corporate industries, project finance, or financial institutions in Credit Risk
- Prior experience with analyzing leverage loans and/or structured transactions preferred.
- Strong cash flow modelling and stress analysis skills
- Strong written communication and presentation skills
- Excellent organization skills and the ability to multitask with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables.
Expected base pay rates for the role will be between $85,000 and $140,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.
Morgan Stanley’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the base of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by the law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.