Wealth Management, Securities Based Lending - Ultra High Net Worth / Tailored Lending – Associate (Credit Risk)
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 on the Position The role will reside within the Firm Risk Management's Credit Risk Management area which is a team dedicated to evaluating credit risk transactions considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department also 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 Risk Officer and Firm Risk Management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions. This is a multi-faceted role responsible for coverage of Ultra High Net Worth / Tailored Lending with a primary focus on Unsecured (UNS) as well as other Less Liquid and Securities Based Lending (SBL) transactions to Ultra High Net Worth (UHNW) Individuals. The principal responsibilities include: evaluate new loan originations, renewals, modifications and annual reviews; review and challenge Business Unit recommendations; utilize credit authority and protect the interests of the firm; manage a diverse portfolio of complex and highly structured existing credit facilities; monitor the ongoing financial condition and performance of Borrowers / Guarantors and make timely and accurate recommendations regarding changes in credit classification and risk rating.
Requirements
- Bachelor's degree required
- Minimum 3-5 years of lending and credit experience in a private bank, investment bank and/or commercial bank
- Detail oriented with exceptional analytical skills
- Ability to independently review and challenge business unit recommendations and meet stated turn times
- Ability to highlight the risks and mitigants of the loan to formulate a succinct credit recommendation within the loan approval memo
- Significant accounting and finance knowledge
- Possess excellent oral and written communication skills and presentation skills
- An interest in working in a fast-paced environment, often balancing multiple high priority deliverables
- Ability to collaborate effectively in a team-oriented environment
Responsibilities
- Responsible for coverage of the Wealth Management (WM) Ultra High Net Worth / Tailored Lending (TL) business unit with a focus on the Securities Based Lending portfolio. Must escalate material individual relationship or portfolio observations promptly.
- Ensure timely review of transactions as well as annual reviews of existing loans, produce high-quality credit memoranda, and liaise with internal and external stakeholders.
- Responsible for ongoing monitoring of financial condition of obligors, credit analysis, financial statement analysis, covenant compliance, and collateral valuations (when applicable). Make timely and accurate recommendations regarding changes in credit classification and risk rating. Present transactions to Wealth Management Loan Approval Committee, as applicable.
- Monitor capital markets, geopolitical events, domestic and world news, etc. to identify potential macro/micro issues related to Borrowers / Guarantors.
- Communicate and work closely with the Business Unit, Loan Operations and Legal; participate in ad-hoc projects / audits / regulatory exams / procedure, policy, and model reviews.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
