Morgan Stanley FID Secured Lending group ("FSL") is seeking a Vice President to be part of its lending portfolio management platform based in New York.
FSL provides asset-backed financing facilities to both asset originators and financial sponsors, and currently manages a portfolio backed by a diverse range of assets including private credit corporate loans, leveraged loans, residential and commercial mortgages, consumer loans and others in the US, Europe and APAC. The private credit financing portfolio provides financing to private credit funds investing in first line, unitranche, recurring revenue and other private corporate loans across multiple industries and jurisdictions.
The FSL portfolio management team provides ongoing portfolio management, risk oversight and monitoring, and reports to senior management and other key constituents (e.g. Credit department, regulators, borrowers, co-lenders, etc.).
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Daily responsibilities would include:
• Review new transactions and facility amendments and conduct counterparty due diligence
• Perform portfolio surveillance and stress testing
• Prepare periodic facility and portfolio-level reporting for FSL senior leadership as well as business partners in Credit Risk and Capital Markets
• Prepare ad hoc analysis as needed by senior management
• Manage IT automation of reporting and analytics tools with an emphasis on efficiency and scalability
• Lead a team of junior asset managers. Responsible for training and performance management
• Conduct market and asset level research
Candidates must have the following background & skills:
• Previous experience with corporate credit or structured products (ABS, RMBS, CMBS, CLOs etc.) is required, background in private credit is a plus
• 6 to 10+ years experience at Banks, Buy Side Firms or Rating Agencies
• Excellent data management and analytical skills (MS Excel, modeling, database management, etc.)
• Strong written and oral communication skills
• Experience reading and understanding loan documents
• Solid knowledge of financial statements and financial accounting
• Business/Accounting/Finance Degree from competitive undergraduate/graduate program
• Previous experience managing junior employees also a positive
Candidates will also demonstrate the following personal attributes:
• Proactive and self-directed
• Ownership mindset
• Analytical
• Clear communicator
• Strong work ethic
• Team player
• Attention to detail
Expected base pay rates for the role will be between $200,000 and $250,000 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.
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).