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Firm Risk Management

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 Securities Based Lending (SBL) transactions to Ultra High Net Worth (UHNW) Individuals and may also include loans secured by life insurance and other secured collateral.

Primary Responsibilities
- Manage a diverse portfolio of complex and highly structured exiting credit facilities. 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. Review and challenge Business Unit recommendations.
- 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.
- 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. Present transactions to Wealth Management Loan Approval Committee, as applicable.

- Bachelor's degree required
- Minimum 7-10 years of lending and credit experience in 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
- 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

Expected base pay rates for the role will be between $110,000 and $190,000 year at the commencement of employment.  However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. 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.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).