Description - External

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, operational, model and other risks.

Background on the Position
The role is for a VP level Credit Professional responsible for credit underwriting and portfolio management within our Wealth Management Securities Based Lending product supporting a domestic and international private-client base. The position resides within FRM's Wealth Management Credit Risk division and will be responsible for maintaining robust and disciplined underwriting and portfolio management, with adherence to internal policies and procedures, as well as regulatory requirements and expectations. The ideal candidate has a deep understanding and proficiency in Credit Risk assessment (counterparty analysis, financial spreading, markets), takes initiative, works well in a highly dynamic environment and has very strong written and verbal communication skills. The position is based in New York.

Primary Responsibilities
- Perform credit due diligence and approval of credit limits, comprised of credit analysis of counterparties via financial statements, determining risk ratings, and assessing collateral risks to size risk appetite via credit limits
- Manage all requests within stated turn times while managing expectations through active communication with management and business risk & origination teams.
- Ability to independently review and challenge business unit recommendations and meet stated turn times.
- Collaborate with stakeholders across the product lifecycle, including annual reviews, daily portfolio management, governance, and ad-hoc projects such as risk management framework enhancements, audits, regulatory exams, and policy and procedure reviews
- Preparation of credit approval proposals for senior management
- Lead or participate in ad-hoc projects / audits / regulatory exams / procedure, policy, and model reviews.
- Train, mentor junior staff
- Foster and support an environment of critical risk thinking, ownership and efficiency. Qualifications - External
Experience
- Minimum five years of relevant professional experience
- Bachelor's Degree required
- Strong quantitative skills with experience in capital markets and market risk, especially in equity options and futures
- Understanding of credit underwriting fundamentals, with high net-worth counterparty underwriting a plus
- Detail oriented with exceptional analytical, problem-solving, and organizational skills
- Excellent oral and written communication and presentation skills
- Ability to multi-task and meet deadlines
- Strong collaboration and leadership skills in a team-oriented environment, along with the ability to self-start and work independently.
- Proficiency with Microsoft Office and ability to learn and navigate proprietary Firm systems.
- Coding, SQL, etc. a plus

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. 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.

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).