Credit Risk Management – Corporate Counterparty Risk, Vice President
London
JR017509
The role will reside within Firm Risk Management's Credit Risk Management Department. Credit Risk Management (CRM) evaluates credit risk transactions and approves rejects or modifies them 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 senior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.
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, operational, model and other risks.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
What will you be doing?
• Analyze and identify credit risks in transactions (primarily derivatives, occasionally loans) and understand the impact these have on our portfolio and risk appetite, follow up on transaction execution to ensure loans/trades are booked correctly
• Analyze Corporate counterparty creditworthiness, make risk appetite decisions, manage exposures/limits, identify and quantify risk drivers, prepare credit memos and make recommendations
• Understand how macro-economic, market and company-specific events and new financial regulation impact MS' portfolio, clients and counterparty credit quality
• Participate in and lead client due diligence meetings to understand their strategy, financial performance and business requirements
• Liaise as necessary with other Risk and non-Risk groups including Market Risk, XVA, BU Risk, Credit Methodology, Credit Capital, Operations, Legal, and Finance
What we’re looking for:
• Bachelors degree or equivalent
• Experience in dealing with traded products and the trade approval process i.e. dealing with traders, sales coverage
• Understanding of financial markets, credit analysis and ability to analyse key risks and mitigants
• Familiarity with financial products e.g. Commodities (preferred), swaps, FX, rates and legal documentation (e.g. ISDA, CSAs)
• Ability to communicate effectively with a wide range of stakeholders, both written and verbally
• Ability to work independently in a self-directed way including on change initiatives or process improvement
• Ability to work in a fast-paced environment, often balancing multiple high priority deliverables
• Strong analytical and critical thinking skills; experience in financial analysis and modelling (preferred)
• Strong attention to detail and ability to provide information in usable formats (proficiency in Microsoft office, including Excel, PowerPoint and Word)
• Fluency in English is required, plus another European language (preferred)
Skills that will help you in the role:
• Proficiency in programming languages such as SQL, VBA, Python/R (preferred)
Where will you be working?
This role is based in 20 Bank Street, London.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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 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 opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.