Director (AVP) - Secured Lending Operations

Morgan Stanley•Baltimore, MD

11d•$64,000 - $108,000

About The Position

We’re seeking someone to join our team as a Director supporting Morgan Stanley's FID Secured Lending (FSL) Business and is responsible for the management, maintenance, and ongoing servicing of its warehouse and other credit facilities secured by collateral including mortgages, hard assets, and equity pledges. The FSL Operations team works with external clients as well as internal stakeholders across divisions (including the Business Unit deal team and asset management, Financial Controllers, Credit, and Legal) to support the business. In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is a Team Specialist position at Director level within Product Support & Services, which is responsible for providing transaction support and managing post execution processes. Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals. Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

Requirements

Ability to lead by example, work with drive and determination, and put forward challenging views to senior levels
Comprehensive knowledge and understanding of functional area and operational/compliance policies and procedures of their team
Ability to operate independently across the majority of day-to-day responsibilities
Culture carrier across Operations, embracing the Firm's core values and acting as a role model
Previous experience in a financial services Operations line with at least 3 years in a supervisory capacity
Strong interpersonal, customer service, and supervisory skills
Highly motivated self-starter with excellent prioritization and multi-tasking abilities.
Ability to work in a fast paced environment, both independently and as part of a team.
Demonstrate ability to learn quickly with strong flexibility in regard to the duties assigned and problem solving skills.
Excellent verbal and written communication skills.
Knowledge in warehouse lending and collateral, or residential and consumer lending
Knowledge of the secondary mortgage market, including involvement of government-sponsored enterprises (i.e. Freddie Mac, Fannie Mae)

Nice To Haves

Experience with Loan IQ is a plus

Responsibilities

Review of relevant credit and closing documentation to build out loan facilities in internal booking systems
Daily loan servicing including borrowing/funding requests, settlement/paydown processing
Collateral review and management: load and review of daily custodial reports; coordinate with external document custodian on exceptions.
Execution of collateral releases for the shipment of loan documents to investors purchasing loans off the warehouse line.
Borrowing base management: monitoring warehouse line expiration dates, advance limits and deficiencies; coordinate with client and Business Unit as needed.
Where applicable, coordinate with Credit and Business Unit on temporary exceptions
Daily review of exception/break reports and taking appropriate actions to resolve
Preparation and distribution of periodic interest & fees invoices
Fielding other ongoing/ad hoc inquiries/requests from clients

Benefits

Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees.
Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
The successful candidate may be eligible for an annual discretionary incentive compensation award.
The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component.

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