Credit Risk
Position Description
Morgan Stanley seeks a strong VP for its Credit Risk Management Department (CRM). The specific position is within CRM's team primarily covering corporate lending activity, but also counterparty derivative trading activity, to Industrials, Consumer Products and/or Services companies.
The Credit Risk Management department (CRM) provides independent oversight of the Firm's credit risks, and acts as the guardian of the Firm's capital. CRM evaluates credit risk transactions and approves, rejects or modifies them, considers the availability and appropriateness of arrangements for reducing risk (through netting, hedging, loan participations) or risk mitigation (guarantees, collateral, financial covenants). The department also assigns Internal Credit Ratings, establishes and manages credit risk limits in accordance with the risk tolerance established by the Board, and monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and to senior management. CRM also interacts with Business Units to ensure that credit risk assessments are factored into business decisions.
Primary Responsibilities:
Manage a portfolio of Industrials counterparties:
• perform financial and credit analyses to establish credit-specific ratings including loss given default;
• author credit reviews and loan approvals and present credit opinions to the internal credit committee;
• review, diligence and approve new requests recommending structures to minimize risk;
• track and monitor counterparty compliance of covenants in accordance with contractual terms and Firm limits and notify business units as appropriate;
• monitor public ratings of counterparties, and keep current on industry trends and rating agency criteria.
Skills Required
• Minimum of 5 years credit analysis experience, preferably in one or more of the Industrials, Consumer Products or Services spaces;
• Excellent written and verbal communication skills;
• Quantitative orientation;
• Ability to manage dynamic priorities;
• Ability to analyze risk-based transactions, both loans and traded products.
• Preference for strong accounting/finance education and skills as well as knowledge of loan and capital markets products, preferably Leveraged Finance;
• Team player with ability to build relationships across different constituents in the firm
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