What are the responsibilities and job description for the Credit Risk: ISG Counterparty, Financials – Associate position at Morgan Stanley?
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 of the Position
The role will reside within the Firm Risk Management's Credit Risk Management division which is dedicated to evaluating credit risk transactions, considering the availability and appropriateness of arrangements for risk or risk mitigation to financial institutions. The department 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 Credit Officer, Chief Risk Officer and Firm Risk Management, as well as regulators. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.
Focus of this role will be credit assessment and risk management of the Firm's trading and derivatives exposure facing central counterparty clearing houses (CCPs) /Financial Market Infrastructures (FMIs), Banks, MS affiliates, Insurance Companies, Broker dealers, Business Development Corporations (BDCs), specialty finance companies, and asset managers. In addition, this candidate will be instrumental in managing and reporting counterparty credit risk for Morgan Stanley's US Bank. The candidate will also be expected to prepare lending approvals related to coverage.
Primary Duties Include
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $100,000 and $140,000 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 is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
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 of the Position
The role will reside within the Firm Risk Management's Credit Risk Management division which is dedicated to evaluating credit risk transactions, considering the availability and appropriateness of arrangements for risk or risk mitigation to financial institutions. The department 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 Credit Officer, Chief Risk Officer and Firm Risk Management, as well as regulators. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.
Focus of this role will be credit assessment and risk management of the Firm's trading and derivatives exposure facing central counterparty clearing houses (CCPs) /Financial Market Infrastructures (FMIs), Banks, MS affiliates, Insurance Companies, Broker dealers, Business Development Corporations (BDCs), specialty finance companies, and asset managers. In addition, this candidate will be instrumental in managing and reporting counterparty credit risk for Morgan Stanley's US Bank. The candidate will also be expected to prepare lending approvals related to coverage.
Primary Duties Include
- Perform credit analysis for new clients, annual / quarterly reviews and present opinions and recommendations on assigned coverage portfolio
- Review trade requests from business / origination teams and understand credit exposure impact, tenor details, structure etc.
- Negotiate documents with counsel and counterparties to incorporate relevant credit terms.
- Prepare portfolio reports to communicate industry trends, limit usage / excesses, changes in ratings, LGD and appetite to Business and Senior Risk Managers.
- Represent Credit Risk in US Bank, CCP and FMI forums - Bachelor's degree is required. Finance and/or accounting degree preferable
- Minimum 5 years of experience in a similar role with a focus on Financial Institutions credit analysis
- The ability to effectively communicate and collaborate with a wide range of stakeholders, both written and verbally
- Familiarity with trading documents including ISDAs, CSAs etc preferred, as well as lending facilities
- Counterparty Stress testing
- Familiarity with FMI operations and CCP Rule books
- Strong attention to detail and ability to provide information in usable formats
- High motivation and initiative taker
- An interest in working in a fast-paced environment and ability to effectively prioritize deliverables
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $100,000 and $140,000 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 is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
Salary : $100,000 - $140,000