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 of 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 risk or risk mitigation to financial institutions. The department 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.
Focus of this role will be credit assessment and risk management of the Firm's trading and derivatives exposure facing Insurance companies and other financial institutions. Additional experience with other financial services industries including, but not limited to, central counterparty clearing houses (CCPs) /Financial Market Infrastructures (FMIs), Asset Managers, Broker Dealers, Business Development Corporations (BDCs), or Specialty Finance companies.
Primary duties include:
- Perform credit analysis for new clients, annual / quarterly reviews and present opinions and recommendations on assigned coverage portfolio, inclusive of internal risk ratings, analyzing KPIs and KRIs
- Review trade requests from business / origination teams and understand credit exposure impact, tenor details, structure etc.
- Negotiate documents with counsel and counterparties to incorporate relevant credit terms.
- Prepare portfolio reports to communicate industry trends, limit usage / excesses, changes in ratings, LGD and appetite to Business and Senior Risk Managers.
- Perform financial analysis including stress testing, projections and peer comparisons
- Concisely describe the structure and terms of products and analyze related risk metrics
- Differentiate ability of cash flows versus market value of a assets/collateral to repay debt of the obligor
- Monitor, investigate, and escalate risk metrics associated with client activity Experience:
- Bachelor's degree is required. Finance and/or accounting degree preferable
- Minimum 5 years of experience in a similar role with a focus on Financial Institutions credit analysis
- Knowledge of relevant regulatory rules related to Life, Health, and Casualty
- Strong attention to detail and the ability to effectively communicate and collaborate with a wide range of stakeholders, both written and verbally
- Familiarity with trading documents including ISDAs, CSAs etc preferred
- Counterparty Stress testing
- Adept in MS Office, database queries and modeling
- An interest in working in a fast-paced environment and ability to effectively prioritize deliverables
- Experience training managing direct reports both in person and remotely
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.
Expected base pay rates for the role will be between $120,000 and $205,000 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).