Credit Risk: ISG Counterparty, Hedge Funds : Job Level - Vice President
Job details
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
The role will reside within the Firm Risk Management's Credit Risk Management department, which is a team dedicated to managing credit risk associated with Morgan Stanley's traded products businesses. This role is within the Hedge Funds coverage team in New York, which is responsible for the credit assessment and risk management of the Firm's business with leveraged and non-leveraged funds and provides product coverage for Morgan Stanley's Traded Product and Securities Financing businesses, including Prime Brokerage as well as bilateral OTC cleared and exchange traded client activity.
Primary Responsibilities:
- Counterparty credit analysis - preparation of in-depth credit reviews for new clients, annual reviews for existing clients, setting credit limits and effectively managing excesses, interpretation of portfolio stresses, compiling recommendations and determining credit ratings. Guiding junior team members and credit officers in offshore locations to support credit analysis as well as product coverage.
- Lead due diligence meetings either by phone, at Morgan Stanley offices or at client premises to better understand the client's business, risks and their requirements.
- Liaise with the documentation department to set credit conditions and parameters in trading documents including ISDAs, CSAs, FCM and PB agreements, GMRAs and GMSLAs, etc.
- Support key Business Unit relationships (i.e. Prime Brokerage, Futures & Swaps Clearing, etc) as product coverage, by establishing and communicating risk appetite and identifying concentrations, ensuring appropriate risk measurement and monitoring/reporting of appetite vs risk across MS legal entities.
- Close dialogue with Sales, Business Unit Risk Management for Fund related requests, including transaction analysis, approval and determination of credit risk mitigation via limits and tiers. - Bachelor's degree with a minimum of 7.5-10 years of experience managing counterparty credit risk to fund clients as well as interacting with business partners and senior members of risk management
- CFA/CAIA/FRM Certifications are recommended
- In-depth knowledge of the credit risk in traded products
- Strong analytical skills
- Exceptional communications skills both verbal and written
- Demonstrable track record of handling multiple priorities and working under pressure
- Proficiency in Word, PowerPoint and Excel
- Strong team player able to work effectively in a team environment
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
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 $120,000 and $205,000 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.
