Associate – Credit Risk Management Commodities
POSTING DATE: Jul 21, 2021
PRIMARY LOCATION: Americas-United States of America-New York-New York
EDUCATION LEVEL: Bachelor’s Degree
JOB: Credit Risk
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firms employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic:
1. Putting Clients First
2. Doing the Right Thing
3. Leading with Exceptional Ideas
4. Giving Back
5. Committing to Diversity and Inclusion
Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.
Firm Risk Management
Firm Risk Management (FRM) enables 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, operational, model and other risks.
Our mission is to serve as the follow roles:
Independent agent to set consistent principles and disciplines for risk management
Strategic advisor to Firm management for setting risk appetite and allocating capital
Industry leader to influence and meet regulatory standards
You will collaborate with colleagues across FRM and the Firm to protect the Firms capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.
Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.
Firm Risk Managements unique franchise promotes:
Flat, flexible and integrated global organization
Collaboration and teamwork
Credible, independent decision-making
Creative and practical solutions
Meritocratic and diverse culture
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.
This is a role within the Corporate / Commodities coverage team in New York, which is responsible for the credit assessment and risk management of the Firms corporate derivatives and trading portfolio. Diversified set of counterparties across all industries including but not limited to oil & gas producers, utilities, independent power producers, renewables, metals and mining.
The role includes the following primary responsibilities:
Review new trade requests from business / origination teams and understand credit exposure impact, tenor details, structure etc.
Liaise with credit officers / team leads covering the individual credit to discuss credit appetite, bespoke terms within the document etc.
Ability to perform counterparty credit analysis for new clients.
Negotiate documents with counsel and counterparties to incorporate relevant credit terms. Familiarity with trading documents including ISDAs, CSAs, NAESBs, EEIs, etc preferred.
Discuss / socialize transaction with multiple internal groups and present for credit approvals.
Assist in preparing portfolio reports to communicate limit usage / excesses, changes in ratings, LGD and appetite to Business.
Ability to review financial statements and perform credit analysis.
Hard working, team player, self-starter with a desire and willingness to learn, attention to detail, and problem solving skills
Comfortable communicating and conveying results and ideas, both written and verbal, to peers and senior managers
Familiarity with derivative products covering FX, Rates etc.
Bachelors degree in Finance or Economics
3-5 years experience in Credit Risk Management