ISG Counterparty, Hedge Funds - Associate

Morgan Stanley•New York, NY

10d•$100,000 - $140,000

About The Position

The role will reside within the Firm Risk Management's Credit Risk Management department, on the Counterparty Credit Risk team covering hedge funds, which is responsible for the independent identification, evaluation, monitoring, and management of Counterparty Credit Risk associated with various sales and trading activities across cash and derivative products.

Requirements

Bachelor's degree with a minimum of 3 years of work experience, preferably in Risk Management
Knowledge of the credit risk in traded products preferred
Strong analytical skills
Exceptional communications skills both verbal and written
Demonstrable track record of handling multiple priorities and working under pressure
Proficiency in Word, PowerPoint and Excel
Strong team player able to work effectively in a team environment

Responsibilities

Counterparty credit analysis - preparation of in-depth credit reviews for new hedge fund clients, annual reviews for existing clients, setting credit limits, and effectively managing excesses, interpretation of portfolio stresses, compiling recommendations and determining credit ratings.
Support due diligence meetings either by phone, at Morgan Stanley offices or at client premises to better understand the client's business, risks, and their requirements.
Liaise with the documentation department to set credit conditions and parameters in trading documents including ISDAs, CSAs, GMRAs and GMSLAs.
Support key Business Unit relationships as product coverage within traded products, such as prime brokerage, Cleared and Uncleared swaps, and OTC derivatives. Responsible for establishing and communication of risk appetite, as well as identification of concentrations; ensuring appropriate risk measurement and monitoring/reporting of appetite vs risk across MS legal entities.
Close dialogue with Sales, Business Unit Risk Management for Fund related requests, including transaction analysis, approval and determination of credit risk mitigation via limits and tiers.