Credit Risk (Risk Management) : Job Level - Associate
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 Morgan Stanley Credit Risk Management is recruiting an Associate in New York for the Credit Policy, Governance, and Regulatory Team (CPGR), which is part of the Credit Risk Management (CRM) Second Line of Defense. CPGR is led by the Global Head of Credit Policy, Governance and Regulatory. CPGR (1) develops, enhances, and maintains Credit policies and procedures, (2) manages Credit related regulatory exams, internal audits, and Credit non-data Self-Identified Issues framework; and (3) coordinates responses to Credit related ad hoc requests from regulators. Its key functions are, among other things, to establish/maintain Credit policy and governance standards, spearhead remediation projects related to regulatory and audit findings/deliverables, advise on compliance with regulatory guidance, and provide credit governance solutions globally. The team works in close collaboration with subject matter experts globally in Credit Coverage, Capital, Risk Analytics, and Reporting, as well as other departments within the Firm. The ideal candidate will have experience in Credit Risk Management, knowledge of risk and finance issues related to trading and lending activities, ability to write clearly and concisely, technology skills, and familiarity with large bank/securities regulations. This position offers opportunities to gain exposure to all aspects of Credit Risk and to senior risk managers.
Requirements
- Bachelor's degree; Advanced degree desirable
- Three to five years of experience in Credit Risk or a related field at a large, complex financial institution or a top consulting firm
- Excellent verbal and written communication skills
- Analytical/critical thinking and problem-solving skills
- Ability to work effectively on multiple projects under tight deadlines
- Highly detail oriented with a critical degree of accuracy
- Proficiency in Microsoft Office programs (Word, Excel, PowerPoint)
- General technology skills (e.g., SharePoint sites, databases, process flows, Microsoft Access, Visio, basic knowledge of computer languages)
Responsibilities
- Develop and update Credit policies and procedures, taking into account current regulatory expectations and Firm practices
- Execute various projects and efficiency initiatives related to Credit policy, governance, and regulatory guidance
- Coordinate the Firm's communications and deliverables for Credit related regulatory exams/audits and requests
- Analyze key upcoming regulatory guidance to assess level of compliance with current practice
- Assist in the preparation of senior management reports and materials on policies/procedures, regulatory exams, internal audits, self-identified issues, and credit reviews
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Number of Employees
5,001-10,000 employees
