Associate, Risk / Policy Management

Morgan Stanley • New York, NY

4d • $131,000 - $140,000

About The Position

Morgan Stanley Services Group, Inc. seeks an Associate, Risk / Policy Management in New York, New York Prepare in-depth credit reviews for new and existing clients, determine appropriate credit limits and ratings, compile recommendations, manage limit and tenor excesses. Perform counterparty credit analysis and portfolio management. Support a diversified set of corporate counterparties across all industries including, but not limited to: Telecommunications, Media, Real Estate, Commercial Real Estate, Industrials, and Insurance Brokers. Review new trade requests. Analyze trade structure, exposure profile, tenor, and recommend appropriate incremental exposure and structure based on counterparty creditworthiness. Lead ISDA and CSA legal trading document negotiations to set appropriate credit parameters. Prepare presentations on an ad hoc basis for senior management, firm risk committees and regulators. Salary : Expected base pay rates for the role will be between $131,000 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.

Requirements

• Requires a Bachelor’s in Engineering (any), Mathematics, or a related field and three (3) years of experience in the position offered or three (3) years as an Associate, Analyst, or a related occupation.
• Requires three (3) years of experience with: Utilizing portfolio metrics including: PV01, FX Delta/Kappa, Duration, Peak Exposure, and Tail Risks to assess market impact; stress testing exposures using Monte Carlo simulations at 95% and 99% confidence levels, including crisis scenarios; Analyzing risk in derivatives including: swaps, collars, forwards, options, crosscurrency, and deal-contingent, by assessing notional, market sensitivity, tenor, and client use; analyzing secured transactions including: Borrowing Bases, LTVs, collateral, liquidity, and covenants; debt facilities including: revolvers, secured loans, ABS/ABL, term loans; Interpreting credit agreements: financial/negative covenants, incremental debt, collateral, payment terms, maturities, and recovery waterfall; Building financial and valuation models (DCF, peer analysis) across sectors; Using credit metrics to assess default risk including: liquidity, maturities, leverage, financial performance, and capital; Analyzing industry concepts including: business models, macroeconomic impact, and sector trends; Underwriting complex structures using guarantees or implied support under Basel standards; Conducting recovery analysis using stressed valuations vs. liabilities; and Negotiating ISDA/CSA market standard terms based on type of counterparty and industry including: default events, termination, cross-default, netting, collateral thresholds.

Responsibilities

• Prepare in-depth credit reviews for new and existing clients, determine appropriate credit limits and ratings, compile recommendations, manage limit and tenor excesses.
• Perform counterparty credit analysis and portfolio management.
• Support a diversified set of corporate counterparties across all industries including, but not limited to: Telecommunications, Media, Real Estate, Commercial Real Estate, Industrials, and Insurance Brokers.
• Review new trade requests.
• Analyze trade structure, exposure profile, tenor, and recommend appropriate incremental exposure and structure based on counterparty creditworthiness.
• Lead ISDA and CSA legal trading document negotiations to set appropriate credit parameters.
• Prepare presentations on an ad hoc basis for senior management, firm risk committees and regulators.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees