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Vice President - Wealth Management Risk (Risk Management) Securities-Backed Loan

Company: Morgan Stanley
Location: Salt Lake City
Posted on: January 16, 2022

Job Description:

Job Number: - -3179122Posting Date: - -Nov 8, 2021Primary Location: - -Americas-United States of America-Utah-Salt Lake CityEducation Level: - -Bachelor's DegreeJob: - -WM RiskEmployment Type: - -Full TimeJob Level: - -Vice President -DescriptionMorgan 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.Credit RiskCredit 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.Position DescriptionCredit Risk Management (CRM) is independent from, but closely aligned with, the business units it serves. CRM is seeking a Vice President to evaluate and decision lending requests in the Securities-Backed Loan product within Morgan Stanley Wealth Management (WM). WM provides a range of wealth management products and services for affluent individuals, businesses and institutions including brokerage and investment advisory, financial and wealth planning, credit and lending, cash management, annuities, insurance, and retirement. The open position is based in Salt Lake City UTPosition Summaryo The ideal candidate will be an experienced credit professional with a knowledge of critical credit skills as well as familiarity in the equities and fixed-income markets.o Utilize credit authority in an appropriate manner while protecting the interests of the Firm in accordance with credit policies and procedures.o Timely transition loans from Underwriting to Portfolio Management with a thorough review of the credit including, but not limited to, ensuring that: (i) loan documentation accurately represent the terms of the credit approval memorandum and permits Morgan Stanley to enforce its rights on the collateral in a default situation; (ii) Internal Credit Ratings are current and accurately reflected in the reporting systems; and (iii) collateral is appropriately analyzed to ensure that Morgan Stanley is protected against severe market disruptionso Conduct due diligence on modifications, renewals, and annual reviews for existing credit facilities. Due diligence includes credit analysis, financial statement analysis, borrowing base analysis, legal doc analysis, etc.o Produce high quality credit memoranda clearly outlining transaction, financial analysis, collateral, strengths, and mitigate risks. o Monitor and manage the integrity of loan portfolio data within internal credit systems. o Monitor capital markets, geopolitical events, domestic and world news, etc. to keep abreast of major developments, changes in financial condition, and to identify potential macro and micro issues related to individual borrowers, LPs, the total CCSF portfolio and private equity industry. o Make timely recommendations regarding changes in loan modifier and risk rating. Develop and implement remedial action plans.o Prepare or approve Impairment Analysis for ACL/CECL.o Work closely the Business Unit (BU) in the first line of defense.o Communicate with internal and external legal counsel and loan operations. . o Provide guidance on procedures and make recommendations where appropriate.o Ensure accurate and timely update of pipeline and Portfolio Management metrics/reports.o Participate in ad-hoc projects / audits / exams. -QualificationsSkills Required
o Bachelors Degree required. Masters Degree preferred.
o Minimum 5 years of lending and credit analysis in private bank, investment bank and/or commercial bank.
o Leadership ability to engage with and motivate team to perform at high levels
o Detail oriented with exceptional analytical skills.
o Significant accounting and finance knowledge.
o Proficiency with MS Excel. Advanced Excel modeling a plus.
o Possess excellent oral and written communication skills and presentation skills.
o Maintain poise and presence coupled with exceptional interpersonal skills to manage relationships with MS Business Units and MS Sales Teams
o Possess strong customer service, problem identification and solution techniques.
o Ability to meet deadlines and manage expectations.
o Strong ability to multi-task.
o Good collaboration skills in a team-oriented environment.

Keywords: Morgan Stanley, Salt Lake City , Vice President - Wealth Management Risk (Risk Management) Securities-Backed Loan, Executive , Salt Lake City, Utah

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