FID, Secured Lending Esoteric ABS Warehouse Portfolio Management Head - Executive Director - Morgan Stanley
New York, NY
About the Job
Job Number:
3259560Posting Date
: Nov 7, 2024Primary Location
: Americas-United States of America-New York-New YorkJob
: Investment Banking/Sales/Trading/ResearchDescription
Morgan Stanley FID Secured Lending (“FSL”) is seeking an Esoteric ABS Portfolio Management Head for its esoteric ABS lending portfolio based in New York. FSL provides asset-backed financing facilities to both asset originators and financial sponsors, and currently manages a portfolio of approximately $68 Bn, backed by a diverse range of assets including consumer and esoteric ABS, residential and commercial mortgages, leveraged loans, and others, in the US, EMEA, and APAC. The esoteric ABS lending portfolio includes facilities backed by digital infrastructure (data centers, cell towers, fiber to the home), whole business, pharma royalties, triple net lease and transportation assets (aircraft, rail, shipping).
The FSL portfolio management team provides ongoing portfolio management, risk oversight and monitoring, and reports to senior management and other key constituents (e.g. Credit department, regulators, borrowers, co-lenders, etc).
Responsibilities include:
• Responsible for evaluating and managing risk across the global esoteric ABS platform
• Review new transactions and facility amendments and conduct counterparty due diligence
• Perform portfolio surveillance and stress testing
• Conduct market and asset level research to inform esoteric ABS business strategy
• Perform periodic business reviews and provide reporting to FSL senior leadership as well as business partners in Credit Risk and Capital Markets
• Lead development of risk reporting and analytics tools
• Oversee automation of reporting and monitoring processes with an emphasis on efficiency and scalability
• Lead a global team of asset managers. Responsible for training, direction and performance management
• Foster a culture of accountability and ownership, collaboration and transparency
Qualifications
- Extensive experience with ABS products
- Deep understanding of risk management principles and ABS market risks
- Strong communication, planning, and organizational skills
- Excellent analytical and business problem solving skills
- B.A. in economics, accounting, finance or related field
Candidates will also demonstrate the following personal attributes:
• Ability to influence decision makers and drive consensus
• Leadership: ability to coach, develop and motivate junior team members
• Strong commitment to continuous improvement and innovation
• Ownership mindset
• Ability to handle multiple deadlines and priorities
• High level of attention to detail
• Strong work ethic
Expected base pay rates for the role will be between $225,000 and $300,000 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.
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 basis 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 law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).