Credit Risk Management - London, United Kingdom - Morgan Stanley

Morgan Stanley

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Credit Risk Management - Securitized Products Group (SPG)

Job Number:
3231608

POSTING DATE:
Feb 24, 2023

PRIMARY LOCATION:
Europe, Middle East, Africa-United Kingdom-United Kingdom-London

EDUCATION LEVEL:
Bachelor's Degree

JOB:
Credit Risk

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Associate

DESCRIPTION

Division: Firm Risk Management

Role:
Credit Risk Management - Securitized Products Group (SPG)

Level:
Associate

Location:
London

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, operational, model and other risks.

Background on the Position
The role will reside within Firm Risk Management's Credit Risk Management Department.

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.

This is a multi-faceted role responsible for coverage of FID Secured Lending (FSL) transactions comprising of loan on loans secured by a variety of asset classes namely commercial real estate, residential mortgages, non-performing loans, middle market loans.

The principal responsibilities include evaluation of new transactions and managing a portfolio of existing loans including annual and quarterly reviews.

Primary Responsibilities

Assess new transactions, which includes an independent assessment and recommendation on the credit quality of proposed transactions, including their rating and alignment to the Firm's credit appetite
Collaborate with origination teams on structuring and documentation for proposed transactions
Prepare materials for Credit Senior management and the Firm's Credit Committee for discussion and approval of transactions
Monitor existing portfolio of transactions, including periodic reporting of risk profiles, trends, industry developments, concentrations and conducting downside analysis
Prepare timely and insightful annual and quarterly reviews, including the assessment of performance against underwritten base case projections and key credit metrics
Review of due diligence and involvement in due diligence sessions including asset site visits and review of appraisals/valuations
Review and verification of compliance certificates, debt covenants, and financial accounts and ensure adherence to credit and other relevant internal policies and practices

FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.

QUALIFICATIONS

Experience
Undergraduate degree or equivalent
Experience

in Warehouse lending including loans on residential mortgages, non-performing loans, corporate loans or commercial real estate lending

Strong analytical and modelling skills, particularly with Excel
The ability to effectively communicate with a wide range of stakeholders, both written and verbally
An interest in working in a fastpaced environment, often balancing multiple high priority deliverables
Ability to work independently in a selfdirected way in a collaborative, teamoriented environment
Background in credit risk management in securitized product or structured lending or corporate lending, or rating agency experience in securitization (preferred)