Credit Risk: Wealth Management – Associate

Morgan Stanley • New York, NY

1d • $100,000 - $140,000

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 area which is a team dedicated to evaluating credit risk transactions 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 Firm Risk Management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions. This is a multi-faceted role responsible for coverage of Commercial Real Estate (CRE) transactions secured on all property types. The principal responsibilities include the evaluation of new transactions, managing a rapidly growing portfolio of existing loans, and monitoring upcoming renewals and repayments.

Requirements

• Bachelor's Degree required
• 3-5 years of experience in a similar credit role
• Experience in commercial real estate lending and credit underwriting
• Have a good knowledge of typical CRE transaction structures, documentation, and the lending process
• The ability to effectively communicate with a wide range of stakeholders, both written and verbally
• Strong attention to detail and ability to provide information in usable formats
• An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
• Curiosity and self-motivation to develop expertise in commercial real estate products, markets, and risk management practice
• Track record of presenting on CRE topics to senior management

Responsibilities

• Responsible for Credit coverage of the Wealth Management (WM) CRE business.
• Partnering with business unit members and interacting with clients in due diligence meetings
• Assist in the training and development of new associate colleagues and analysts as needed.
• Ensuring timely review of new transactions as well as annual reviews of existing loans, maintaining consistent high-quality documentation, and liaising with internal and external stakeholders
• Present transactions to Firm approval committees

What This Job Offers

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