Associate, CRE - Credit Risk (Risk Management)

Associate, CRE - Credit Risk (Risk Management)

Job Number : 3255447

3255447

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 also interacts with business units to ensure that credit risk assessments are factored into business decisions.

This is a multi-faceted role responsible for coverage of Commercial Real Estate (CRE) transactions secured on all property types.

The principal responsibilities include the evaluation of new transactions, managing a rapidly growing portfolio of existing loans, and monitoring upcoming renewals and repayments.

Primary Responsibilities

• Responsible for Credit coverage of the Wealth Management (WM) Tailored Lending (TL) CRE business.
• Partnering with business unit members and interacting with clients in due diligence meetings
• Assist in the training and development of new associate colleagues and analysts as needed.
• Ensuring timely review of new transactions as well as annual reviews of existing loans, maintaining consistent high-quality documentation, and liaising with internal and external stakeholders
• Present transactions to Firm approval committees

Qualifications

• Bachelor's Degree required
• 3-5 years of experience in a similar credit role
• Experience in commercial real estate lending and credit underwriting
• Have a good knowledge of typical CRE transaction structures, documentation, and the lending process
• The ability to effectively communicate with a wide range of stakeholders, both written and verbally
• Strong attention to detail and ability to provide information in usable formats
• An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
• Curiosity and self-motivation to develop expertise in commercial real estate products, markets, and risk management practice
• Track record of presenting on CRE topics to senior management

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).