UHNW Lending Portfolio Management - Liquid Products Vice President

Morgan Stanley•New York, NY

16d•$110,000 - $190,000

About The Position

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, achieve, and grow. A philosophy that balances personal lifestyles, perspectives, and needs is an important part of our culture. The Tailored Lending Group within Morgan Stanley Wealth Management is seeking an Asset Manager for our Liquid Products Team which specializes in bespoke financing transactions for Ultra-High Net Worth clients, including diversified and concentrated Securities Based Loans (SBL) and Cash Surrender Value of Life Insurance policies (Life Insurance Loans). The Asset Manager will report to the Head of Asset Management for Liquid Products and be responsible for managing and maintaining the quality of our existing and growing loan portfolio, collaborating with Lending Transactors on transitioning newly originated loans, and partnering with our Credit Risk Managers on portfolio risk control and reporting. The position shall be based in New York. Position Summary Experienced credit professional with an ability to manage a portfolio of complex and highly structured loans This individual will be responsible for:

Requirements

Bachelor’s degree required
Minimum 5-7 years of lending and credit experience in private bank, investment bank and/or commercial bank
Experience in accounting and finance
Detail oriented with exceptional analytical skills and ability to understand complex financial statements and loan structures
High level of focus on work quality and attention to detail
Excellent oral and written communication skills and ability to interact with individuals on all levels
Ability to meet deadlines and multi-task in a fast-paced environment
Ability to collaborate effectively with related parties across the firm

Nice To Haves

Experience with troubled debt restructuring and non-accrual loans a plus

Responsibilities

Managing modifications, renewals, and annual reviews of existing credit facilities within a diverse portfolio of SBL and Life Insurance Loans
Performing credit analyses covering financial statements and collateral and review of loan documents
Producing high quality credit memoranda clearly outlining transaction structure, results of the above credit analyses, and evaluation of strengths and risks of the transactions for Credit Risk Managers’ review and approval
Running point on loan modifications to existing credit facilities in partnership with Lending Transactors and Credit Professionals
Evaluating, monitoring, and reporting on credit risk factors including:
Continuously monitoring financial condition and performance of loan parties, covenant compliance, and collateral valuations and communicating results to business unit and management
Valuing collateral to advise on margin calls and working with the Business, Operations, FA teams and Clients to resolve
Tracking developments in the capital markets, macro-economic and geopolitical events to keep abreast of potential impact on the financial conditions of loan parties
Timely amending loan classifications/risk ratings and performing impairment analysis when necessary
Partnering with Lending Transactors and Credit Professionals in transition of loans to Asset Management
Working with all relevant parties including Clients, Financial Advisors, Private Bankers, Loan Operations, Compliance and Legal teams throughout the loans’ lifecycle
Ensuring portfolio data integrity within internal systems
Ensuring accurate and timely updates of loan portfolio metrics/reports
Assisting with the build out and continuous improvement of the asset management processes and procedures within Tailored Lending