Fixed Income Operations Associate
About The Position
We’re seeking someone to join our team as an Associate supporting Morgan Stanley's FID Secured Lending (FSL) business. FSL Operations manage primary origination, syndication, collateral management, and loan servicing across all FSL asset classes and partner with both external clients and internal stakeholders (FSL Business, Asset Management, Financial Controllers, Credit, and Legal) to ensure that operational functions and risk are managed effectively. 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 an Associate level position level position 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
- Loans servicing and closing experience.
- Be able to review CA and read notices. experience
- Junior level knowledge of loans processes.
- Ability to establish clear goals and priorities, and address non-standard issues within area of expertise with minimal guidance and supervision
- Subject matter expertise in business area supported, client requirements, and ability to ensure control is not compromised to comply with client requests
- Culture carrier across Operations, embracing the Firm's core values
- At least 2 years’ relevant experience would generally be expected to find the skills required for this role
Responsibilities
- Review of relevant credit and closing documentation to build out bilateral and syndicated loan facilities in internal booking systems
- Daily loan servicing including borrowing/funding requests, settlement/paydown processing for bilateral and syndicated facilities
- 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, collateral eligibility, 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
