Associate, Private Equity, Credit Risk (Risk Management)
New York, New York
Employer: Morgan Stanley
Industry: Credit Risk
Salary: $85000 - $140000 per year
Job type: Full-Time
Firm Risk Management
Firm Risk Management (FRM) supports 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, model and other risks.
Background on the Position
The role is within the FRM's Credit Risk Management department as part of the financial sponsors credit coverage team, dedicated to supporting the Firm's Securitized Products Group (SPG) and Global Capital Markets (GCM) businesses. The business coverage includes transaction management and approval of highly structured financing solutions for private equity funds.
Primary Responsibilitie
The principal responsibilities of the role include the evaluation of new lending and trading transactions, as well as the monitoring and maintenance of existing loans and counterparty portfolios. Fulfillment of these responsibilities involves:
- Coverage of i) Capital Call Subscription Financing (CCSF) loan portfolio and ii) private equity and sponsor-related derivatives trading requests
- Manage and assess new financing solutions for private equity funds. The underwriting process includes detailed private equity fund analysis and borrowing base analysis. Credit professionals will assess and determine credit ratings, risk appetite, and structural enhancements such as covenants and termination events.
- Prepare credit memoranda that are of high-quality and present to credit senior management for discussion and approval of large transaction
- Monitor financial condition and performance of borrowers & counterparties within coverage responsibilities, including regularly reviewing covenant compliance, regulatory classifications, collateral threshold tracking, limits, and monitoring additional termination event
- Manage renewals and amendments of existing borrower
Qualifications:
- Bachelor's degree required. Master's Degree or a CFA Charter holder is a plu
- Minimum 3 years of work experience at an investment bank and/or commercial bank
- Significant accounting and finance knowledge
- Experience in evaluating lending transactions including cashflow modeling, borrowing base analysis, and stress analysis. Familiarity or experience with traded products is preferred
- Strong analytical experience with private equity funds and other financial institution
- Excellent verbal and written communication skills.
- Advanced knowledge of Microsoft Excel and PowerPoint
- Ability to independently review transactions, work under pressure, and balancing multiple deliverables
- Team player with the ability to work effectively in a collaborative environment
Expected base pay rates for the role will be between $85,000 and $140,000 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.
This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.
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 base 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 the law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Firm Risk Management (FRM) supports 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, model and other risks.
Background on the Position
The role is within the FRM's Credit Risk Management department as part of the financial sponsors credit coverage team, dedicated to supporting the Firm's Securitized Products Group (SPG) and Global Capital Markets (GCM) businesses. The business coverage includes transaction management and approval of highly structured financing solutions for private equity funds.
Primary Responsibilitie
The principal responsibilities of the role include the evaluation of new lending and trading transactions, as well as the monitoring and maintenance of existing loans and counterparty portfolios. Fulfillment of these responsibilities involves:
- Coverage of i) Capital Call Subscription Financing (CCSF) loan portfolio and ii) private equity and sponsor-related derivatives trading requests
- Manage and assess new financing solutions for private equity funds. The underwriting process includes detailed private equity fund analysis and borrowing base analysis. Credit professionals will assess and determine credit ratings, risk appetite, and structural enhancements such as covenants and termination events.
- Prepare credit memoranda that are of high-quality and present to credit senior management for discussion and approval of large transaction
- Monitor financial condition and performance of borrowers & counterparties within coverage responsibilities, including regularly reviewing covenant compliance, regulatory classifications, collateral threshold tracking, limits, and monitoring additional termination event
- Manage renewals and amendments of existing borrower
Qualifications:
- Bachelor's degree required. Master's Degree or a CFA Charter holder is a plu
- Minimum 3 years of work experience at an investment bank and/or commercial bank
- Significant accounting and finance knowledge
- Experience in evaluating lending transactions including cashflow modeling, borrowing base analysis, and stress analysis. Familiarity or experience with traded products is preferred
- Strong analytical experience with private equity funds and other financial institution
- Excellent verbal and written communication skills.
- Advanced knowledge of Microsoft Excel and PowerPoint
- Ability to independently review transactions, work under pressure, and balancing multiple deliverables
- Team player with the ability to work effectively in a collaborative environment
Expected base pay rates for the role will be between $85,000 and $140,000 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.
This role is hybrid and currently requires in office attendance 3 days/week. The in office requirement is subject to change at any time.
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 base 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 the law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Created: 2024-08-30
Reference: 3255067
Country: United States
State: New York
City: New York
ZIP: 10036
Similar jobs:
-
Manager Credit Risk Review
Webster Bank in White Plains, New York💸 $100000 per year -
Senior Manager - Global Commercial Credit Risk Oversight
American Express in New York, New York -
Future Opportunities: Internal Audit Manager - Credit and Fraud Risk
American Express in New York, New York -
Associate, CRE - Credit Risk (Risk Management)
Morgan Stanley in New York, New York💸 $85000 - $140000 per year -
Financial Credit Risk, Manager
PwC in New York, New York -
Director, Credit Risk Management (Lending, Card, Partnerships), Madison, NY
Santander Bank in New York, New York💸 $171000.00 per year -
Head of Credit Risk for CRE Lending, Americas
Morgan Stanley in New York, New York💸 $275000 per year -
Credit & Price Risk Business Analyst - Buffalo, NY - 12 months
Open Systems Technologies in Buffalo, New York -
Associate, Securities Backed Lending (Credit Risk)
Morgan Stanley in New York, New York💸 $85000 - $140000 per year -
Associate, Credit Risk Portfolio (Risk Management)
Morgan Stanley in New York, New York💸 $85000 - $140000 per year -
Credit Risk Analyst - Hedge Funds
UBS in New York, New York💸 $119000 - $156000 per year -
Associate, CIB Corporate Credit Risk Officer
Santander Bank in New York, New York💸 $90000.00 per year -
Credit & Price Risk Business Analyst
Experis in Buffalo, New York💸 $35 - $41 per hour -
Campus Undergraduate - 2025 Credit & Fraud Risk, Strategy & Analytics Summer Internship New York, NY
American Express in New York, New York -
Financial Credit Risk - Senior Associate
PwC in New York, New York -
Associate, FSL - Credit Risk (Risk Management)
Morgan Stanley in New York, New York💸 $85000 - $140000 per year -
Financial Credit Risk, Senior Associate
PwC in New York, New York -
Associate - Corporates - Credit Risk
Morgan Stanley in New York, New York💸 $85000 - $140000 per year -
Director-Global Commercial Credit Risk Oversight
American Express in New York, New York💸 $130000.00 per year -
VP, Credit Risk (Risk Management)
Morgan Stanley in Purchase, New York💸 $120000 - $200000 per year