Counterparty Credit Risk Associate
London
3264195
Morgan Stanley is seeking a risk professional to join the Workout/Special Assets Oversight team to analyse counterparties, identify and quantify risk drivers in transaction structures, prepare credit memos, make recommendations and manage exposure.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
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. We 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.
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What will you be doing?
- Maintain and manage a portfolio of stressed and/or distressed credits (across loans and derivatives), which may be either through restructuring/workout scenarios, or formal insolvency processes
- Liaise with external stakeholders (counsel, financial advisors etc.) and internal partners (business units, legal, risk and compliance)
- Work independently as the primary credit officer to manage the credit across the full spectrum (initial close monitoring, through to the active management and final resolutions)
- Prepare internal credit memos, internal ratings, financial modeling, deal structuring and relevant valuation work to assess any potential impairment/accrual/non-accrual
- Present to credit committees for deal approvals and/or periodic updates, through clear and succinct communication, both verbally and written. Prepare quarterly submissions to Impairment Committees and supporting review of the Firm's Watchlist Portfolio on a regular basis
- Support the review and approval process for proposed long-term Special Situations trading positions, including investment thesis, structure and recovery analysis
- Support ongoing monitoring and regular reporting of the Special Situations portfolio held on the banking book, including review and monitoring of limit utilization as well as related updates to the Firm's governance committees
- Where required, assist with ad hoc regulatory returns and exercises
What we're looking for:
- Bachelor's degree or equivalent in Economics, Finance, Business, or similar
- Experience at a bank/or other financial institution, or at an Accounting/Consulting firm, in restructuring, credit risk or leveraged finance
- Experience in corporate credit analysis and financial forecasting, valuation, assigning ratings and sizing risk appetite
- Familiar with financial markets, financing and risk mitigating structures
- Familiar with financial products e.g. leveraged loans, swaps, equities, structured finance
Skills that will help you in the role:
- Familiar with legal documentation and risk issues, including LMA and bond documentation, ISDAs, CSAs, netting, and credit mitigating features
- The ability to communicate effectively with a wide range of stakeholders, both written and verbally
- The ability to work independently in a self-directed way in a collaborative, team-oriented environment
- Strong organisation skills, with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables
- Strong attention to detail and ability to provide information
Where will you be working?
The role will reside within Firm Risk Management's Credit Risk Management Department. 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.
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Internal Applicants:
Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.
Equal opportunities statement:
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.