Credit Risk Management (CRM)
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, Chief Credit Officer and senior management. CRM also interacts with the business unit to ensure that credit risk assessments are factored into business decisions.
Background on the Position
CRM is seeking Vice President to join the Global Credit Reporting team responsible for providing Credit Risk Product Heads, the Chief Credit Officer, and Chief Risk Officer with analysis and reporting to support timely and accurate decision making related to the Firm's credit portfolio. The team provides in-depth exposure analysis, risk insights, and reporting for the global credit portfolio, consisting of all products which expose Morgan Stanley to credit risk. The analysis and reporting supports senior management's understanding of current risk drivers, portfolio concentrations, correlations, and potential tail risks.
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The Credit Reporting team is responsible for the design, development, and production of recurring management reporting providing value additive analysis of Morgan Stanley's credit risk profile and assessment of emerging risk issues. The team also assists regional and product portfolio managers with ad-hoc analysis as requested by product leads or senior management. The team works closely with Credit Coverage officers, Business Units as well as other Risk functions.
In addition to running BAU risk reporting functions, the Global FRM Reporting team (including risk stripe reporting teams) has initiated a multi-year strategic program to renovate its data and reporting infrastructure and tooling by sourcing the data from authoritative sources/distributors, creating reporting data views using data curation, and automating reports largely in Power BI.
Primary Responsibilities
- Assist the Global Heads of FRM and CRM Reporting with leading and executing end-to-end report development lifecycle: ideation, data analysis/aggregation/curation, prototyping, report production, and report automation by working with various Credit and FRM stakeholders and working groups
- Act as the delegate for the Global Head of CRM Reporting in managing the BAU reporting
- Work closely with global stakeholders and CRM senior leadership in executing the reporting strategy for the team
- Oversee the preparation, execution, and timely delivery of recurring weekly, monthly, and quarterly reporting as well as ad-hoc analysis
- Analyze daily, weekly, monthly, and quarterly changes in credit portfolio and summarize findings in oral, written, and PowerPoint format
- Collaborate with Data Control, Credit Risk Agile IT squads, Credit Coverage and Business Unit representatives to ensure new and emerging data required for reporting is on-boarded
- Escalate data issues to the Data Control team and Credit Risk Agile IT squads and assist with the remediation efforts - 10+ years of experience in a data analysis or reporting role preferably at Financial Services, Consulting Firms
- Strong leadership skills to drive data and reporting initiatives forward with the ability to influence and execute the vision and strategy of the department
- Strong verbal and written communication skills, including delivering effective presentations to senior management
- Proficient in Excel, PowerPoint, and SQL
- Well organized and able to work in a fast-paced environment with strong attention to details
- Ability to meet deadlines while managing multiple deliverables and collaborating with colleagues in other groups or geographic locations
- Bachelor's degree in Finance, Computer Science, or Engineering related areas
- Understanding of Credit Risk, lending and/or traded products
Additional skills (nice to have):
- Experience with business intelligence software (Tableau, Qlikview, Power BI, etc.)
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
Expected base pay rates for the role will be between $120,000 and $200,000 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.
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 basis 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 law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).