FID, Direct Lender Financing - Vice President
Apply NowCompany: Morgan Stanley
Location: New York, NY 10025
Description:
Morgan Stanley's Institutional Securities Group (ISG) is a remarkably broad and diversified business. We provide institutions with almost every kind of financial product and service across the world's major markets. Whether you're interested in planning complex deals; trading on the moment-to-moment movements of the capital markets; analyzing the financial needs of a company or a wealthy family, Morgan Stanley is the place to be.
The Fixed Income Division (FID) is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader in energy, metals, and agricultural product trading worldwide whose professional's trade in both physical and derivative commodity risk.
Morgan Stanley FID Secured Lending group ("FSL") is seeking a Vice President to be part of its Direct Lender Financing ("DLF") platform based in New York.
FSL sits within Morgan Stanley's Fixed Income Division and provides asset-backed financing facilities to asset originators, aggregators and financial sponsors.
FSL currently manages a portfolio backed by a diverse range of assets including private credit / corporate loans, fund capital commitments, consumer loans, residential and commercial mortgages, student loans, and commercial real estate loans across the US, Europe, and APAC regions.
The DLF team is looking for highly motivated, experienced candidates to focus on Morgan Stanley's growing corporate credit financing platform, which provides credit facilities to some of the Firm's most prolific clients globally. Previous experience in corporate credit or direct lender financing is required for the Vice President role.
Daily responsibilities would include:
Preparation and review of credit applications/presentations for both new transactions as well as renewals/amendments to existing facilities
Structure and negotiate term sheets, loan agreements, fee letters, and other legal documents from origination to execution
Work with coverage groups on originating new transactions and onboarding new clients
Conduct due diligence on a Manager's platform and asset underwriting strategy
Interface with multiple constituents within FSL and Morgan Stanley, more broadly, including the Asset Management team, Syndication team, Credit Risk Management team, Operations team, and various client coverage teams to deliver a first-class product internally and externally
Prepare ad hoc analysis as needed by senior management
Qualifications
Candidates must have the following background & skills:
4+ years of corporate credit experience ideally including corporate credit financing (working knowledge of structured credit across various other asset classes is a plus)
Degree from competitive undergraduate/graduate program
Knowledge of loans operations and deal closings
Presentation-creation skills in both PowerPoint and Excel
Clear business writing & communication skills
Experience reading, understanding, and negotiating loan documents
General knowledge of credit underwriting and ability to interpret financial statements and IC memos
Previous experience managing junior employees is a positive
Candidates will also demonstrate the following personal attributes:
Strong work ethic
Team player
Proactive and self-directed
Analytical
Strong attention to detail
Ownership mindset
Strong oral / written communication and presentation skills
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Expected base pay rates for the role will be between $150,000 and $200,000 per year commencement of employment for Associate, and between $225,000 and $250,000 per year commencement of employment for Vice President. 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).
The Fixed Income Division (FID) is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader in energy, metals, and agricultural product trading worldwide whose professional's trade in both physical and derivative commodity risk.
Morgan Stanley FID Secured Lending group ("FSL") is seeking a Vice President to be part of its Direct Lender Financing ("DLF") platform based in New York.
FSL sits within Morgan Stanley's Fixed Income Division and provides asset-backed financing facilities to asset originators, aggregators and financial sponsors.
FSL currently manages a portfolio backed by a diverse range of assets including private credit / corporate loans, fund capital commitments, consumer loans, residential and commercial mortgages, student loans, and commercial real estate loans across the US, Europe, and APAC regions.
The DLF team is looking for highly motivated, experienced candidates to focus on Morgan Stanley's growing corporate credit financing platform, which provides credit facilities to some of the Firm's most prolific clients globally. Previous experience in corporate credit or direct lender financing is required for the Vice President role.
Daily responsibilities would include:
Preparation and review of credit applications/presentations for both new transactions as well as renewals/amendments to existing facilities
Structure and negotiate term sheets, loan agreements, fee letters, and other legal documents from origination to execution
Work with coverage groups on originating new transactions and onboarding new clients
Conduct due diligence on a Manager's platform and asset underwriting strategy
Interface with multiple constituents within FSL and Morgan Stanley, more broadly, including the Asset Management team, Syndication team, Credit Risk Management team, Operations team, and various client coverage teams to deliver a first-class product internally and externally
Prepare ad hoc analysis as needed by senior management
Qualifications
Candidates must have the following background & skills:
4+ years of corporate credit experience ideally including corporate credit financing (working knowledge of structured credit across various other asset classes is a plus)
Degree from competitive undergraduate/graduate program
Knowledge of loans operations and deal closings
Presentation-creation skills in both PowerPoint and Excel
Clear business writing & communication skills
Experience reading, understanding, and negotiating loan documents
General knowledge of credit underwriting and ability to interpret financial statements and IC memos
Previous experience managing junior employees is a positive
Candidates will also demonstrate the following personal attributes:
Strong work ethic
Team player
Proactive and self-directed
Analytical
Strong attention to detail
Ownership mindset
Strong oral / written communication and presentation skills
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Expected base pay rates for the role will be between $150,000 and $200,000 per year commencement of employment for Associate, and between $225,000 and $250,000 per year commencement of employment for Vice President. 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).