Credit Risk: ISG Counterparty, Hedge Funds : Job Level - Vice President
About The Position
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 department, which is a team dedicated to managing credit risk associated with Morgan Stanley's traded products businesses. This role is within the Hedge Funds coverage team in New York, which is responsible for the credit assessment and risk management of the Firm's business with leveraged and non-leveraged funds and provides product coverage for Morgan Stanley's Traded Product and Securities Financing businesses, including Prime Brokerage as well as bilateral OTC cleared and exchange traded client activity.
Requirements
- Bachelor's degree with a minimum of 7.5-10 years of experience managing counterparty credit risk to fund clients as well as interacting with business partners and senior members of risk management
- In-depth knowledge of the credit risk in traded products
- Strong analytical skills
- Exceptional communications skills both verbal and written
- Demonstrable track record of handling multiple priorities and working under pressure
- Proficiency in Word, PowerPoint and Excel
- Strong team player able to work effectively in a team environment
Nice To Haves
- CFA/CAIA/FRM Certifications are recommended
Responsibilities
- Counterparty credit analysis - preparation of in-depth credit reviews for new clients, annual reviews for existing clients, setting credit limits and effectively managing excesses, interpretation of portfolio stresses, compiling recommendations and determining credit ratings. Guiding junior team members and credit officers in offshore locations to support credit analysis as well as product coverage.
- Lead due diligence meetings either by phone, at Morgan Stanley offices or at client premises to better understand the client's business, risks and their requirements.
- Liaise with the documentation department to set credit conditions and parameters in trading documents including ISDAs, CSAs, FCM and PB agreements, GMRAs and GMSLAs, etc.
- Support key Business Unit relationships (i.e. Prime Brokerage, Futures & Swaps Clearing, etc) as product coverage, by establishing and communicating risk appetite and identifying concentrations, ensuring appropriate risk measurement and monitoring/reporting of appetite vs risk across MS legal entities.
- Close dialogue with Sales, Business Unit Risk Management for Fund related requests, including transaction analysis, approval and determination of credit risk mitigation via limits and tiers.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
