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 is within the FRM's Credit Risk Management department as part of the financial sponsors credit coverage team, dedicated to supporting the Firm's Securitized Products Group (SPG) and Global Capital Markets (GCM) businesses. The business coverage includes transaction management and approval of highly structured financing solutions for private equity funds.
Primary Responsibilities
The principal responsibilities of the role include the evaluation of new lending and trading transactions, as well as the monitoring and maintenance of existing loans and counterparty portfolios. Fulfillment of these responsibilities involves:
- Leading the coverage of i) Capital Call Subscription Financing (CCSF) loan portfolio and ii) private equity and sponsor-related derivatives trading requests
- Manage and assess new financing solutions for private equity funds. The underwriting process includes detailed private equity fund analysis and borrowing base analysis. Credit professionals will assess and determine credit ratings, risk appetite, and structural enhancements such as covenants and termination events
- Work as a partner to the business units and provide constructive feedback on deal structure to mitigate key risk factors; identify and raise credit concerns to the business units and senior credit professionals early
- Prepare credit memoranda that are of high-quality and clearly articulate credit views, mitigants and rationale for credit recommendation to FRM senior management
- Manage the inquiries and requests from internal and external stakeholders, including regulators and internal audit
- Monitor financial condition and performance of borrowers & counterparties within coverage responsibilities, including regularly reviewing covenant compliance, regulatory classifications, collateral threshold tracking, limits, and monitoring additional termination events
- Manage renewals and amendments of existing borrowers
- Provide training to junior team members Experience:
- Bachelor's degree required. Master's Degree or a CFA Charter holder is a plus
- Minimum 5 years of work experience at an investment bank and/or commercial bank
- Significant accounting and finance knowledge
- Experience in evaluating lending transactions including cashflow modeling, borrowing base analysis, and stress analysis. Familiarity or experience with traded products is preferred
- Strong analytical experience with private equity funds and other financial institutions
- Excellent verbal and written communication skills.
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 $200,000 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).