Morgan Stanley 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. 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 Clients First 2. Doing the Right Thing 3. Leading with Exceptional Ideas 4. Giving Back 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. Firm Risk Management Firm Risk Management (FRM) enables 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, operational, model and other risks. Our mission is to serve as the follow roles: · Independent agent to set consistent principles and disciplines for risk management · Strategic advisor to Firm management for setting risk appetite and allocating capital · Industry leader to influence and meet regulatory standards You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients 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. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm. Firm Risk 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 The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base and franchise. Risk Management protects the Firm from exposure to losses resulting from defaults by our lending and trading counterparties.
Credit Risk Management (CRM) evaluates credit risk transactions and approves rejects or modifies them 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 senior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.
Primary Responsibilities This role is within the Funds coverage team in New York, which is responsible for the credit assessment and risk management of the Firm's business with leveraged and non-leveraged funds, and provides product coverage for Morgan Stanley's Prime Brokerage business as well as bilateral OTC, cleared and exchange traded client activity. The NY Funds team is comprised of 12 staff members located in New York, with additional coverage in Budapest and Mumbai. The role includes the following primary responsibilities: · Counterparty credit analysis - preparation of in-depth credit reviews for new clients, annual reviews for existing clients, setting credit limits and effectively managing excesses, interpretation of portfolio stresses, compiling recommendations and computing credit ratings. · Assist with due diligence updates either by phone, at Morgan Stanley offices or at client premises to better understand the clients business, risks and their requirements. · Liaise with the documentation department to set credit conditions and parameters in trading documents including ISDAs, CSAs, GMRAs and GMSLAs. · Product coverage within traded products and/or prime brokerage including establishing and communication of risk appetite as well as identification of concentrations, ensuring appropriate risk measurement, and monitoring/reporting of appetite vs risk across MS legal entities · Liaise with Business Unit Risk Management for Fund related requests, including transaction analysis, approval and determination of credit risk mitigation via limits and tiers
Skills Required (Essential) · Bachelor's or Master's degree with 3-5 years' experience in Credit Risk Management of Funds · Familiarity with credit risk in traded products and prime brokerage · Strong analytical skills · Exceptional communications skills both verbal and written · Demonstrable track record of handling multiple priorities and working under pressure · Proficiency in PowerPoint and Excel · Strong team player able to work effectively in a team environment
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.
Internal Number: 5472293
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