Director, Credit Review

Morgan Stanley•New York, NY

19h•Hybrid

About The Position

We're seeking someone to join our Credit Review Group (CRG) at a Director level. CRG is a specialized team within the Internal Audit Division (IAD) which is responsible for the independent assessment of the quality of loan underwriting, adequacy of credit assessment and monitoring, accuracy of credit ratings, and compliance with relevant credit policies as well as relevant regulatory guidance relating to credit risk. The Internal Audit Division (IAD) drives attention and resources to vulnerabilities by providing an independent and well-informed view and impactful messages about the most important risks facing our Firm. This is accomplished by performing a range of assurance activities to independently assess the quality and effectiveness of Morgan Stanley’s system of internal control, including risk management and governance systems and processes. IAD serves as an objective and independent function within the Firm’s risk management framework to foster continual improvement of risk management processes. This is a Director level position within Credit Review, which is responsible for inspecting controls in the underlying credit worthiness of the Firm’s loan portfolio. Since 1935, Morgan Stanley has been a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Requirements

Understanding of business line and key regulations relevant to coverage area
Strong understanding of audit principles, methodology, tools and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring)
Ability to identify and analyze multiple data sources to inform point of view
Ability to ask meaningful questions, understand various viewpoints and adapt messaging accordingly
A commitment to practicing inclusive behaviors
An understanding of the OCC, FED and EMEA regulatory guidelines on various credit related matters including, but not limited to, rating credit risk, counterparty credit risk, commercial real estate, leveraged lending, asset-based lending, allowance for loan loss reserves, Shared National Credit (SNC) process
Generally, we would expect to find the skills required for this role in individuals with at least 4-6 years’ relevant experience

Responsibilities

Help identify risk and impact to relevant coverage area to prioritize areas of focus
Execute and lead aspects of assurance activities (e.g., audits, continuous monitoring, closure verification) to assess risk and formulate a view on the control environment
Facilitate conversations with stakeholders on risks, their impact and how well they are managed in a clear, timely and structured manner
Assist in managing multiple deliverables in line with team priorities
Solicit and provide feedback and participate in formal and on-the-job training to further develop self and peers
Liaise with regulators from the Federal Reserve and OCC, or PRA, as needed