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Vice President- Wealth Management Credit Risk Securities Backed Loans

Company: Morgan Stanley
Location: Purchase
Posted on: January 15, 2022

Job Description:

Job Number: - -3185218Posting Date: - -Nov 16, 2021Primary Location: - -Americas-United States of America-New York-PurchaseEducation Level: - -Bachelor's DegreeJob: - -WM RiskEmployment Type: - -Full TimeJob Level: - -Vice President -DescriptionMorgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firms employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

The talent and passion of our people is critical to our continued success as a firm. Together, we share five core values rooted in integrity, excellence and strong team ethic:
1. Putting Clients First
2. Doing the Right Thing
3. Leading with Exceptional Ideas
4. Giving Back

5. -Committing to Diversity and Inclusion

Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.
Firm Risk Management

Firm Risk Management (FRM) enables Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.

Our mission is to serve as the follow roles:
- Independent agent to set consistent principles and disciplines for risk management
- Strategic advisor to Firm management for setting risk appetite and allocating capital
- Industry leader to influence and meet regulatory standards

You will collaborate with colleagues across FRM and the Firm to protect the Firms capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.

Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.
Firm Risk Managements unique franchise promotes:
- Flat, flexible and integrated global organization
- Collaboration and teamwork
- Credible, independent decision-making
- Organizational influence
- Creative and practical solutions
- Meritocratic and diverse culture

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.

Wealth Management Credit Department Profile
WM Credit 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 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. WM Credit also interacts with business units to ensure that credit risk assessments are factored into business decisions.

Background on the Position
Morgan Stanley Wealth Management is seeking qualified candidates for a position in WM Credit to support its traded products portfolios and portfolio risk-based Portfolio Margin product offered through its E*TRADE lending platform. The individual will be responsible for analyzing, monitoring and providing 2nd line oversight and challenge to the management of the account positions and trading activity across the portfolios against approved limits, recommending credit decisions on large loan requests, reporting risk to Credit and Firm management, and assisting in the creation/updating of credit risk limits, key risk indicators, policies and procedures. The individual will work with Wealth Management business, risk and operations counterparts in managing the portfolios.

Primary Responsibilities
-Review and monitor account-level and portfolio-level risks in traded products across all of Morgan Stanley and E*TRADE?s lending and margin offerings, as well as accounts margined via E*TRADE?s Portfolio Margin offering
-Perform data gathering and analysis to identify new or evolving risks across the portfolios
-Recommend KRIs and limits and/or actions to manage or mitigate risks in the portfolios
-Work closely with the business units/operational staff in assessing risk due to market changes
-Work closely with other risk teams to build management reporting and stress scenarios
-Produce and present presentations to colleagues, committees and management on risk trends, issues and proposals

Secondary Responsibilities
-Conduct due diligence including financial statement analysis, collateral analysis (e.g. reviewing securities portfolios), determining risk rating, etc.
-Produce high quality credit memoranda clearly outlining transaction, purpose, strengths, risks and mitigants.
-Make approval or decline recommendations to credit approvers. Articulate recommendation in a clear, concise and informed manner.
-Work closely with field sales on large loan transactions and escalations
-Provide assistance to credit partners for bank products when applicable
QualificationsSkills required (essential)-Familiarity with capital markets and market risk, especially in equity options and futures-Strong data analysis and synthesis skills (familiarity with E*TRADE systems a strong plus)-Strong internal and external customer focus-Strong analytical and problem-solving skills-Ability to work on multiple tasks accurately and with attention to detail in a fast paced, demanding environment-Highly effective oral, written and interpersonal communication skills-High energy level and the ability to work independently and in a collaborative environment-Previous experience (5+ years) in finance, market or credit risk-Bachelor?s degree in a related or quantitative field

Keywords: Morgan Stanley, New Rochelle , Vice President- Wealth Management Credit Risk Securities Backed Loans, Executive , Purchase, New York

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