Location: London Job Level: Executive Director Company Profile 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. Department Profile The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base and franchise. Risk Management protects the Firm from exposure to losses resulting from defaults by our lending and trading counterparties.
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 mitiga...
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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. Primary Responsibilities This is a multi-faceted role responsible for coverage of Commercial Real Estate ("CRE") transactions, including both direct CRE-secured lending and CRE Warehouse, as well as Warehouse lending secured on a range of collateral including residential mortgages. The principal responsibilities include the evaluation of new transactions, managing a rapidly growing portfolio of existing loans, and monitoring balance sheet usage. The role also includes engaging in discussions and responding to queries regarding the CRE portfolio from US and European regulators and both internal and external auditors.
Fulfilment of these responsibilities involves: • Monitor and manage existing portfolio of CRE transactions including periodic reporting of risk profiles, trends, industry developments and concentrations • Manage and assess new CRE transactions both direct lending as well as warehouse. This includes an independent assessment and recommendation on the credit quality of proposed transactions including proposed rating and credit appetite • Presentation to Credit Senior management and the Firm's Credit Committee for discussion and approval of transactions. • Assess progress of syndication efforts against proposed and approved • Collaborate with origination teams on structuring and documentation for proposed transactions • Review of due diligence and involvement in due diligence sessions including asset site visits and review of CRE appraisals/valuations • Manage and mentor junior team members
Qualifications Skills required (essential) • Direct experience in commercial real estate lending, preferably including loan originations for securitization • Have a strong knowledge of transaction structures, documentation, and the lending process • , • Experience reviewing and challenging 3rd party market appraisals • Strong credit, analytical, and modelling skills • Excellent written and verbal communication skills with ability to quickly establish credibility with Credit senior management and senior deal team executives • Demonstrable track record of working under pressure and managing multiple projects with limited supervision • Knowledge of basic accounting and financial concepts with a sound ability to analyze businesses • Strong team player able to work effectively in a team environment • University undergraduate degree (or equivalent).
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.
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