ISG Counterparty, Financials (Risk Management) : Job Level - Associate

Morgan Stanley • New York, NY

9d

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 of the Position The role will reside within the Firm Risk Management's Credit Risk Management division which is dedicated to evaluating credit risk transactions, considering the availability and appropriateness of arrangements for risk or risk mitigation to financial institutions. The department 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 Credit Officer, Chief Risk Officer and Firm Risk Management, as well as regulators. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions. Focus of this role will be credit assessment and risk management of the Firm's trading and derivatives exposure facing central counterparty clearing houses (CCPs) /Financial Market Infrastructures (FMIs), Banks, MS affiliates, Insurance Companies, Broker dealers, Business Development Corporations (BDCs), specialty finance companies, and asset managers. In addition, this candidate will be instrumental in managing and reporting counterparty credit risk for Morgan Stanley's US Bank. The candidate will also be expected to prepare lending approvals related to coverage.

Requirements

• Bachelor's degree is required. Finance and/or accounting degree preferable
• Minimum 5 years of experience in a similar role with a focus on Financial Institutions credit analysis
• The ability to effectively communicate and collaborate with a wide range of stakeholders, both written and verbally
• Familiarity with trading documents including ISDAs, CSAs etc preferred, as well as lending facilities
• Counterparty Stress testing
• Familiarity with FMI operations and CCP Rule books
• Strong attention to detail and ability to provide information in usable formats
• High motivation and initiative taker
• An interest in working in a fast-paced environment and ability to effectively prioritize deliverables

Responsibilities

• Perform credit analysis for new clients, annual / quarterly reviews and present opinions and recommendations on assigned coverage portfolio
• Review trade requests from business / origination teams and understand credit exposure impact, tenor details, structure etc.
• Negotiate documents with counsel and counterparties to incorporate relevant credit terms.
• Prepare portfolio reports to communicate industry trends, limit usage / excesses, changes in ratings, LGD and appetite to Business and Senior Risk Managers.
• Represent Credit Risk in US Bank, CCP and FMI forums

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level