Morgan Stanley Wealth Management is seeking qualified candidates for a position in WM Credit to support its securities-based lending and margin portfolios. The individual will be responsible for analyzing, monitoring and providing 2nd line oversight and challenge to the credit risk across the portfolios and the margin requirements frameworks underpinning the products, reporting risk to Credit and Firm management, and assisting in the creation/updating of credit risk limits, key risk indicators, ... more details
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.
Department Profile
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.
Position Description
Morgan Stanley Wealth Management is seeking qualified candidates for a position in WM Credit to support its securities-based lending and margin portfolios. The individual will be responsible for analyzing, monitoring and providing 2nd line oversight and challenge to the credit risk across the portfolios and the margin requirements frameworks underpinning the products, reporting risk to Credit and Firm management, and assisting in the creation/updating of credit risk limits, key risk indicators, policies and procedures. The individual will work with Wealth Management business, risk and operations counterparts in managing the portfolios.
Primary job responsibilities include:
- Review and monitor account-level and portfolio-level risks for securities-based lending and margin offerings across Wealth Management
- Establish credit limits for Wealth Management securities-based-lending and margin clients.
- Provide effective review and challenge to margin requirement frameworks.
- Establish and monitor risk indicators and limits and recommend actions to manage or mitigate risks at the account and portfolio level.
- Follow market developments and perform analysis to identify new or evolving risks across the portfolios.
- Create and present materials for colleagues, committees and management on risk trends, issues and proposals.
Minimum five years of professional experience
Bachelors Degree required
Previous analytics and/ or risk management experience with equity derivatives and fixed income products (preferred)
Excellent verbal and written communication, with ability to communicate effectively with senior management and regulators
Process management and prioritization skills with ability to multi-task in a dynamic environment
Strong relationship building and stakeholder management skills
Self-motivated and proactive attitude, with relentless attention to detail
Strong problem solving and implementation skills
Expected base pay rates for the role will be between $120,00 and $200,000 per 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.
This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.
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 base 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 the law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
