Company Profile 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, government and individuals from more than 1,200 offices in 43 countries. Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow. The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic: 1. Putting Client First 2. Doing the Right Thing 3. Leading with Exceptional Ideas 4. Giving Back You will collaborate with colleagues across the Firm to protect the Firm's capital base and franchise, advise businesses on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Firm Management values diversity and is committed to providing a supportive and inclusive workplace for all employees. Firm Risk Management's unique franchise promotes: ü Flat, flexible and integrated global organization ü Collaboration and teamwork ü Credible, independent decision-making ü Organizational influence ü Creative and practical solutions ü Meritocratic and diverse culture Department Profile Credit Risk Management (CRM) is an independent risk-oversight department that defines and implements a framework to approve, monitor and report on credit risks and exposures arising from lending, trading, treasury and settlement activities in accordance with the firm's Risk Management Principles. CRM's main objective is to monitor firmwide credit risks, which includes the independent assessment, monitoring and control of credit risk for the firm's bank subsidiaries. Background on the Position The Policy & Governance Vice President is responsible for laying the groundwork of CRM's independent oversight pertaining to Morgan Stanley's Home Loans business by establishing, implementing, and routinely updating policies, procedures, and guidelines. In addition, the officer will conduct research, prepares presentations for various committees and governance bodies, and facilitates regulatory requests and external audits that involve the extension of credit through the residential mortgage platform. The officer will manages and ensures compliance with the various credit policies and procedures such as Underwriting Guidelines, pertaining to Morgan Stanley's Residential Mortgage business. Additionally, this position is heavily involved in new product development, meetings with business partners, and PMO Strategic Initiatives. The position requires the ability to effectively perform in a fast-paced environment and collaborate with other groups within CRM, the Residential Mortgage business, and outside consultants. Primary Responsibilities · Review loan requests and evaluate risk, assess client's financial strength or weakness as it pertains to the proposed loan through credit memos provided by underwriters and determine appropriate policy exceptions for approval or decline · Make final recommendation to Sr. Management for deals beyond your lending authority · Identify, evaluate, and address credit risk that arises from the development, deployment, interpretation and maintenance of the Underwriting Guidelines in support of new mortgage products, performance issues, product enhancements, changes to the industry and regulatory landscape, and business-as-usual operations · Be able to recommend and socialize updates to the Underwriting Guidelines based on experience, market changes, portfolio and regulatory landscape · Assist in implementing guideline changes and remain vigilant over the business to ensure that Underwriting Guidelines are fully digested and followed by the 1 st line · Be able to verbalize and discuss the current risk appetite to the business Lead and assist in the management and tracking of Credit Risk Strategic Initiatives · Assist in building Regulatory responses and present research and conclusions as-needed · Assist in the analysis of the portfolio to identify areas of risk, growth and concentrations. · Lead efforts to ensure the Underwriting Guidelines, procedures and policies remain in compliance with applicable regional and state laws and regulations · Provides support and training regarding the Underwriting Guidelines to fulfillment and underwriting
Skills Required · Expertise and thorough understanding of credit and portfolio management, mortgage underwriting and credit analytics · Strong analytical skills · Strong verbal and written communication skills and the ability to effectively convey information to various levels of management · Credit Risk related project management experience with the ability to take on, manage, and successfully execute multiple projects of various levels of complexity and urgency · Strong organizational/time management skills · Ability to work independently but also thrives in a team environment · Heavy attention to detail · Strong presentation skills and are comfortable presenting materials in various forums and to various levels of staff, management, auditors and regulators · Application experience required; Microsoft Visio, PowerPoint, Excel · Experience and knowledge of agency (FNMA/FHLMC) guidelines, policies, and procedures as well as Jumbo Prime and Non-Agency guidelines · Ability to make calculated risk-based decisions and defend and convey them to affected stakeholders, make timely decisions and propose recommendations to mitigate or reduce risk · Technical skills and familiarity with credit underwriting, such as financial statement analysis, asset valuation, discounted cash flow modeling, etc. · Some understanding of regulatory oversight and Basel Capital Standards, CECL, CCAR/DFAST, etc. Qualifications/Experience · Bachelor's degree required · Minimum 10 years' experience in the mortgage industry · Minimum 5 years' Credit experience in mortgage industry
Internal Number: 4993475
About Morgan Stanley USA
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