Credit Risk (Risk Management) : Job Level - Associate
Apply NowCompany: Morgan Stanley
Location: New York, NY 10025
Description:
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
The role will reside within the Firm Risk Management's Credit Risk Management department, which is responsible for the independent identification, evaluation, monitoring of credit risk associated with Morgan Stanley's ISG (Institutional Securities Group) lending and trading activities.
The Latin America Credit team has a footprint located across New York, Mexico and Sao Paulo. The position covers credit risk management in Latin America, including loan and derivative products with primary focus on LatAm corporates (ex-Brazil). The role is located in New York in a multi-disciplinary team with extensive interaction with Businesses Units, senior management, and other control groups.
Primary Responsibilities:
Responsibilities will vary depending on workflows and typically will include:
- Fundamental Research & Credit Analysis: Assist in the evaluation of counterparty credit quality to assign probability of default and recovery ratings and set risk limits. Spread financial statements, calculate relevant financial metrics, and analyze results/draw conclusions on financial performance and trends.
- Backlog Management and Risk monitoring: Maintain and prepare credit reviews of assigned portfolio current. Monitor portfolio's credit performance, news, developments, and rating actions and recommend credit actions.
- Support Trade Evaluation & Approval: Assist in responding to trader requests to evaluate derivative transactions and open trading accounts with new counterparties. Assist with exposure analysis, evaluation of legal and documentation requirements, and the negotiation of credit terms. Maintain record keeping of approvals.
- Support Loan Evaluation & Approval: Assist in the evaluation of banking requests for lending to regional corporates and financial institutions. Evaluation includes fundamental credit analysis and financial modeling, preparing credit committee presentation and presenting case to internal approvers and capital commitment committee.
- Sector Analysis: Evaluate industry trends and recommend action plans to manage sector and individual name exposure based on the outlook.
- Regulatory Exercises: Review and draft documentation for regulatory reviews and exams. Experience
- Undergraduate degree, preferably in Finance, Accounting, Business Administration or Economics. Advanced degrees and/or CFA certification are not required but considered a plus.
- +5 years of credit-related experience in financial services.
- Familiarity with capital markets products, including securities, OTC derivatives, secured financing transactions and loans.
- Prior corporate credit analysis experience, familiarity with the region (LatAm), and understanding of certain sectors and products (e.g., Energy, Commodities) is highly desired.
- Experience with financial modeling.
- Fluency or proficiency in English and Spanish; Portuguese is a plus.
- Proactive and detail-oriented with strong collaboration, problem solving, and oral/written communication and presentation skills.
- Proficiency in Microsoft Office Applications.
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 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.
Expected base pay rates for the role will be between $85,000 and $140,000 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'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
The role will reside within the Firm Risk Management's Credit Risk Management department, which is responsible for the independent identification, evaluation, monitoring of credit risk associated with Morgan Stanley's ISG (Institutional Securities Group) lending and trading activities.
The Latin America Credit team has a footprint located across New York, Mexico and Sao Paulo. The position covers credit risk management in Latin America, including loan and derivative products with primary focus on LatAm corporates (ex-Brazil). The role is located in New York in a multi-disciplinary team with extensive interaction with Businesses Units, senior management, and other control groups.
Primary Responsibilities:
Responsibilities will vary depending on workflows and typically will include:
- Fundamental Research & Credit Analysis: Assist in the evaluation of counterparty credit quality to assign probability of default and recovery ratings and set risk limits. Spread financial statements, calculate relevant financial metrics, and analyze results/draw conclusions on financial performance and trends.
- Backlog Management and Risk monitoring: Maintain and prepare credit reviews of assigned portfolio current. Monitor portfolio's credit performance, news, developments, and rating actions and recommend credit actions.
- Support Trade Evaluation & Approval: Assist in responding to trader requests to evaluate derivative transactions and open trading accounts with new counterparties. Assist with exposure analysis, evaluation of legal and documentation requirements, and the negotiation of credit terms. Maintain record keeping of approvals.
- Support Loan Evaluation & Approval: Assist in the evaluation of banking requests for lending to regional corporates and financial institutions. Evaluation includes fundamental credit analysis and financial modeling, preparing credit committee presentation and presenting case to internal approvers and capital commitment committee.
- Sector Analysis: Evaluate industry trends and recommend action plans to manage sector and individual name exposure based on the outlook.
- Regulatory Exercises: Review and draft documentation for regulatory reviews and exams. Experience
- Undergraduate degree, preferably in Finance, Accounting, Business Administration or Economics. Advanced degrees and/or CFA certification are not required but considered a plus.
- +5 years of credit-related experience in financial services.
- Familiarity with capital markets products, including securities, OTC derivatives, secured financing transactions and loans.
- Prior corporate credit analysis experience, familiarity with the region (LatAm), and understanding of certain sectors and products (e.g., Energy, Commodities) is highly desired.
- Experience with financial modeling.
- Fluency or proficiency in English and Spanish; Portuguese is a plus.
- Proactive and detail-oriented with strong collaboration, problem solving, and oral/written communication and presentation skills.
- Proficiency in Microsoft Office Applications.
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 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.
Expected base pay rates for the role will be between $85,000 and $140,000 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'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).