Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities Group (“ISG”), Asset Management (“AM”) and Wealth Management (“WM). WM includes almost 16,000 Financial Advisors and Private Wealth Advisors and offers comprehensive financial services to clients, such as brokerage, investment advisory, financial and wealth planning, annuities, insurance, retirement. In addition, the Private Banking Group (“PBG”) offers WM clients cash management and lending solutions.

Job Summary

The PBG Lending Group is seeking to build out its first-line credit risk function to coordinate credit risk management oversight and monitoring across lending products to ensure, including but not limited to:

(a) New loan originations fit within PBG risk appetite.

(b) Portfolio management oversight is robust including:

(i) Monitoring lending trends, KPIs & KRIs.

(ii) Identify deteriorating loan quality on a timely basis.

(iii) Stressed credit oversight, coordination and management.

(c) Coordinate with stakeholders on credit policies, underwriting guidelines, escalation frameworks, controls, risk metrics, etc. to ensure high quality originations & portfolio management.

(d) Assist in managing and remediating Credit-related RCSAs, regulatory and audit findings.

Role Summary

We are seeking an experienced Credit Risk Manager with between 5-15 years of experience in financial services, preferably with Credit Risk experience, to coordinate cross-product stakeholder engagement, perform process mapping and improvements, deliver enhanced monitoring and reporting, improve governance and oversight and additional job responsibilities, as needed. The ideal candidate has a strong analytical & collaborative mindset.

Key Responsibilities

Build relationships and stakeholder coordination (e.g., business units, 2LOD credit risk, legal, compliance, audit, ops, etc.) on governance, frameworks, definitions, KRIs, portfolio management, etc. ensuring alignment with organizational goals.
Lead the design and execution of solutions to enhance execution, oversight, monitoring, and reporting (e.g., cross-product risk huddles, committee meetings, centralized dashboards, etc.) associated with the job summary description.
Develop & prioritize recommendations, present findings and progress updates to senior management, articulating the value proposition of proposals and securing buy-in from stakeholders.
Mentor, train, and help develop more junior team members.

Qualifications

Bachelor’s Degree required with preference for related field. Advanced degrees and certifications are a plus.
Minimum 5 years of experience in financial services, ideally in credit risk, data and reporting or process improvements.
Preferred experience in credit risk analysis, underwriting or origination at a major U.S. Private Bank and/or Commercial Bank as well as effectiveness in dealing with UHNW clients. Credit analysis includes oversight and monitoring functions, ability to form independent and supportable view & engage in professional review & challenge discussions with Partners.
Ability to influence stakeholders through excellent communication, presentation, and project management skills, as well as, distilling complex issues and navigating large organizational relationships.
Critical skills required include PowerPoint, Excel, SharePoint. Additional skills preferred include Dataiku & Tableau.

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 whats 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 $110,000 and $185,000 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 Stanleys 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).