Vice President - Secured Lending Operations

Morgan Stanley•Baltimore, MD

7d•$93,000 - $140,000

About The Position

Deploy people strategies to inspire team commitment through assigning tasks that maximize individual and team strengths. Responsible for coaching and guiding the team on new deal structures and collaborating with the FSL Business to develop solutions that meet client expectations, ensures that loan facilities are accurately represented in firm books and records, and that the underlying collateral is accurately tracked for financing eligibility and valuation. Partner with the project team and Technology to lead the execution of FSL's digital transformation operating model to reduce manual work and create straight through processing throughout all operational functions. Enhance and maintain the operational risk framework to ensure that risk reporting (e.g. KPI, KRI, RCSA) is managed in accordance with the firm's policies, procedures and guidelines. Core responsibilities include the daily management of the below functions: Review 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 We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Salary range for the position: $93,000 - $140,000 Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Requirements

Bachelors degree required
Previous experience in institutional lending operations
At least 5-7 years of experience managing a team
Strong interpersonal, customer service, and supervisory skills
Highly motivated self-starter with excellent prioritization and multi-tasking abilities.
Ability to work in a fast paced environment, both independently and as part of a team.
Demonstrate ability to learn quickly with strong flexibility in regard to the duties assigned and problem solving skills.
Excellent verbal and written communication skills.
Knowledge in warehouse lending and collateral, or residential and consumer lending
Knowledge of the secondary mortgage market, including involvement of government-sponsored enterprises (i.e. Freddie Mac, Fannie Mae)
At least 10 years' relevant experience would generally be expected to find the skills required for this role

Nice To Haves

Experience with Loan IQ is a plus

Responsibilities

Review 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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