What are the responsibilities and job description for the Policy, Governance and Regulatory - Credit Risk (Risk Management) : Job Level - 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 on the Position
Morgan Stanley Credit Risk Management is recruiting an Associate in New York for the Credit Policy, Governance, and Regulatory Team (CPGR), which is part of the Credit Risk Management (CRM) Second Line of Defense. CPGR is led by the Global Head of Credit Policy, Governance and Regulatory.
CPGR (1) develops, enhances, and maintains Credit policies and procedures, (2) manages Credit related regulatory exams, internal audits, and Credit non-data Self-Identified Issues framework; and (3) coordinates responses to Credit related ad hoc requests from regulators. Its key functions are, among other things, to establish/maintain Credit policy and governance standards, spearhead remediation projects related to regulatory and audit findings/deliverables, advise on compliance with regulatory guidance, and provide credit governance solutions globally. The team works in close collaboration with subject matter experts globally in Credit Coverage, Capital, Risk Analytics, and Reporting, as well as other departments within the Firm.
The ideal candidate will have experience in Credit Risk Management, knowledge of risk and finance issues related to trading and lending activities, ability to write clearly and concisely, technology skills, and familiarity with large bank/securities regulations. This position offers opportunities to gain exposure to all aspects of Credit Risk and to senior risk managers.
Primary Responsibilities
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.
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 $85,000 and $140,000 per 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).
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
Morgan Stanley Credit Risk Management is recruiting an Associate in New York for the Credit Policy, Governance, and Regulatory Team (CPGR), which is part of the Credit Risk Management (CRM) Second Line of Defense. CPGR is led by the Global Head of Credit Policy, Governance and Regulatory.
CPGR (1) develops, enhances, and maintains Credit policies and procedures, (2) manages Credit related regulatory exams, internal audits, and Credit non-data Self-Identified Issues framework; and (3) coordinates responses to Credit related ad hoc requests from regulators. Its key functions are, among other things, to establish/maintain Credit policy and governance standards, spearhead remediation projects related to regulatory and audit findings/deliverables, advise on compliance with regulatory guidance, and provide credit governance solutions globally. The team works in close collaboration with subject matter experts globally in Credit Coverage, Capital, Risk Analytics, and Reporting, as well as other departments within the Firm.
The ideal candidate will have experience in Credit Risk Management, knowledge of risk and finance issues related to trading and lending activities, ability to write clearly and concisely, technology skills, and familiarity with large bank/securities regulations. This position offers opportunities to gain exposure to all aspects of Credit Risk and to senior risk managers.
Primary Responsibilities
- Develop and update Credit policies and procedures, taking into account current regulatory expectations and Firm practices
- Execute various projects and efficiency initiatives related to Credit policy, governance, and regulatory guidance
- Coordinate the Firm's communications and deliverables for Credit related regulatory exams/audits and requests
- Analyze key upcoming regulatory guidance to assess level of compliance with current practice
- Assist in the preparation of senior management reports and materials on policies/procedures, regulatory exams, internal audits, self-identified issues, and credit reviews o Bachelor's degree; Advanced degree desirable
- Three to five years of experience in Credit Risk or a related field at a large, complex financial institution or a top consulting firm
- Excellent verbal and written communication skills
- Analytical/critical thinking and problem-solving skills
- Ability to work effectively on multiple projects under tight deadlines
- Highly detail oriented with a critical degree of accuracy
- Proficiency in Microsoft Office programs (Word, Excel, PowerPoint)
- General technology skills (e.g., SharePoint sites, databases, process flows, Microsoft Access, Visio, basic knowledge of computer languages)
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.
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 $85,000 and $140,000 per 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).
Salary : $85,000 - $140,000
