Associate, Securities Backed Lending (Credit Risk)

Associate, Securities Backed Lending (Credit Risk)

Job Number : 3255451

3255451

Posting Date

Aug 16, 2024

Primary Location

Americas-United States of America-New York-New YorkEducation Level : Bachelor's Degree

Credit RiskEmployment Type : Full TimeJob Level : Associate

Description

Firm Risk Management

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 interacts with key internal and external stakeholders, including our teams in First Line of Defense to ensure that credit risk assessments are accurate and support business decisions.

Primary Responsibilities

• Responsible for Credit Risk coverage for Wealth Management (WM) Ultra High and High Net Worth Securities Based Lending business of both Domestic (US) and International (non-US) clients.
• Ensure timely review and challenge of business unit submissions, mainly transactions, annual reviews, ad hoc / interim credit reviews
• Ensure accuracy, thorough and complete credit analysis required to meet internal, regulatory requirements and WM best in practice standards
• Provide credit view on Ratings and recommendations; ensure timely and accurate Credit and Regulatory Ratings
• Credit Authority level to be assigned consistent with professional experience (post 3-month initiation period)
• Liaise with UHNW and HNW Lending teams and Financial Advisors as integrated and continuous risk monitoring and efficient approval process, supporting business flow
• Timely escalation of material individual relationship or portfolio observations
• Make timely and accurate recommendations regarding changes in credit classification and risk rating.
• Present transactions to Wealth Management Loan Approval Committee, as applicable.
• Communicate and work closely with the Business Unit, Loan Operations and Legal; participate in ad-hoc projects / audits / regulatory exams / procedure, policy, and model reviews.
• Train, mentor junior staff
• Foster and support an environment of critical risk thinking, ownership and efficiency
• Monitor capital markets, geopolitical events, domestic and world news, etc. to identify potential macro / micro issues impacting repayment risk.

Qualifications

• Bachelor's degree required
• Minimum 3 years credit experience in lending (private bank and / or investment banking)
• Experience in Securities Based Lending, ABS
• International Lending in first or second line of defense roles, preferred
• Corporate Finance experience a plus
• Detail oriented with exceptional analytical skills, financial spreading
• Ability to independently review and challenge business unit recommendations and meet stated turn times
• Significant accounting and finance knowledge
• Possess excellent oral, written communication and presentation skills
• An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
• Ability to collaborate effectively in a team-oriented environment

This role is hybrid and currently requires in office attendance 3 days / week. The in office requirement is subject to change at any time.

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.

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).