Job Description

Associate - Wealth Management Credit Risk (Firm Risk Management)

Job Number:

3255503


POSTING DATE: Jul 19, 2024
PRIMARY LOCATION: Non-Japan Asia-India-India-Mumbai (MSA)
EDUCATION LEVEL: Bachelor's Degree
JOB: Credit Risk
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Director

DESCRIPTION


Company Profile:





Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.





Firm Risk Management



You have certainly come across risk. What aspects of life are not subject to it? Are you a risk taker or risk averse? In an investment bank like Morgan Stanley, risk management is at the cornerstone of all our activities. As a risk manager in our risk management department you will be at the center of our business. This current opportunity will give you an insight in how big banks manage their credit exposures as part of their lending and trading activities, and lets you influence how and with who Morgan Stanley does business.

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 of Team

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.

Morgan Stanley is seeking a highly qualified candidate for the Credit Risk function responsible for broker dealer and bank lending businesses. Morgan Stanley is a global leader in wealth management with an extensive network of 1,000+ offices across the U.S. and in key international locations. We provide a range of products and services to individuals, businesses, and institutions, including brokerage and investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust.




• Assessment of credit strengths and weakness of UHNW/ HNW (Ultra-high Net Worth / High Net Worth) client's for US/ International clients.
• Prepare high quality annual review and underwriting credit reviews with recommendations, risks and mitigations for deals and send to authorized credit officers for approval within designated due dates
• Demonstrate acceptable knowledge and ability to analyze different asset classes such as Equity and Fixed Income in addition to industry / country / sovereign research and the risks
• Provide analytical support and identify risks for complex derivative products and the client's trading strategies and perform ad hoc data analysis/monitoring reports as per business requirement.


• Interpretation and risk identification of financial statements for companies and borrowers for key risks.
• Monitor and escalate portfolio quality on an ongoing basis such as deteriorating collateral, adverse borrower information, negative trends, material individual/aggregate relationship and other risks.
• Credit Reviews to be prepared in an appropriate manner in accordance with credit policies and procedures to protect the interests of the firm. Providing support for regulatory, audits and compliance testing.


• Participate in quality assurance testing to verify the reviews approved are in with credit policies and procedures. Escalate the errors/concerns to credit officers for corrective actions.


• Review of Junior team member's work, provide training and work on global projects. Partner with colleagues across the globe to achieve your goals and to gain insight into how a global organization works



QUALIFICATIONS


Skills required
• 3-6 years work experience in financial services industry


• Detail oriented, with exceptional analytical skills


• Knowledge of various asset classes, derivatives and personal/business financial statement and credit reports


• Well organized and able to work in a fast-paced environment


• Ability to meet deadlines while managing multiple deliverables
• Possess excellent oral and written communication skills


• Possess strong problem identification and solution techniques


• Good collaboration skills in a team-oriented environment


• Bachelor's Degree and previous experience in Finance, Banking, Prime brokerage, Broker dealer preferred





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



Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.