Full Job Description
Credit Risk Associate – Financial Institutions and Insurance Team
POSTING DATE: Aug 19, 2021
PRIMARY LOCATION: Americas-United States of America-New York-New York
EDUCATION LEVEL: Bachelor’s Degree
JOB: Risk Management
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 Firm’s employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
In order to protect Morgan Stanley from losses resulting from bankruptcy or default, the Credit Department conducts essential research in determining the risks arising from transactions with our lending and trading counterparties. Upon completion of a thorough evaluation, Credit Research Analysts assign counterparties and borrowers a credit-specific rating to denote the level of risk taken by the firm. On this basis, Credit approves or rejects all material requests for loans or derivatives from our clients.
Credit professionals perform two core functions:
Risk Decisions: All primary lending and derivatives transactions are approved by senior credit professionals. Those individuals establish and monitor the credit limits for each active counterparty and borrower. The teams work closely with Morgan Stanleys trading desks and banking teams. An Associate has specific account coverage and oversight, including assisting in the overall management of the teams portfolio.
Research: Upon receiving requests from the Business Unit, new counterparties or borrowers must be approved by Credit. Credits coverage teams actively investigate, review and rate the credit quality of entities in a wide range of industries. The North Americas Financial Institutions team covers a variety of financial institutions with a particular focus on insurance companies. Associates are responsible for coverage and oversight of their portfolio of accounts.
Job specific functions include:
Review transactions for approval and monitor the ongoing creditworthiness of a portfolio of counterparties and borrowers with a primary focus on insurance, specialty finance companies and asset managers.
Primary duties include:
Responsible for the financial and credit analysis for an assigned coverage portfolio;
Present credit opinion and recommendation both internally and with business units on assigned coverage portfolio transactions;
Lead client and transactional due diligence for assigned coverage accounts;
Manage the approval process for new loans and renewals;
Review, diligence and approve new trade requests recommending structures to minimize risk;
Oversee the portfolio management of assigned coverage portfolio which includes on going financial monitoring, and tracking borrower compliance in accordance with contractual terms;
Be primary point of contact in discussions with business units regarding assigned coverage portfolio;
Superior written and verbal communication skills;
Ability to manage dynamic priorities;
Finance and/or accounting degree preferable
Minimum 3 years of relevant experience
Graduate degree preferred but not required