Head of Credit Risk for CRE Lending, Americas

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 will reside within the Firm Risk Management's Credit Risk Management area which is a team dedicated to evaluating credit risk transactions 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 Firm Risk Management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.

This is a multi-faceted role responsible for leading the coverage of Commercial Real Estate (CRE) transactions secured on all property types. The principal responsibilities include leading a team of 6-8 reports in New York, the evaluation of new transactions, managing a rapidly growing portfolio of existing loans, and monitoring upcoming renewals and repayments.

Primary Responsibilities

- Responsible for lead coverage of the Institutional Securities Group (ISG) Securitized Products Group (SPG) CRE business unit including presenting updates on the portfolio to senior management and regulator

- Partnering with senior business unit members (typically MDs and EDs) and interacting with clients in due diligence meeting

- Training and development of junior team members

- Ensuring timely review of new transactions as well as annual reviews of existing loans by the credit coverage team, maintaining consistent high-quality documentation, and liaising with internal and external stakeholders

- Present transactions to Firm approval committees, as applicable, and participate in a quarterly review of higher risk loans to the Global Head of CRE and the US Banks Chief Credit Officer

Qualifications:

Experience

- Bachelor's Degree

- Minimum 10 years of experience in a similar credit role including demonstrated experience managing junior team member

- Significant experience in commercial real estate lending and credit underwriting

- Have a good knowledge of typical CRE transaction structures, documentation, and the lending proce

- The ability to effectively communicate with a wide range of stakeholders, both written and verbally

- Strong attention to detail and ability to provide information in concise formats digestible to senior management

- An interest in working in a fast-paced environment, often balancing multiple high priority deliverables

- Curiosity and self-motivation to develop expertise in commercial real estate products, markets, and risk management practice

- Track record of presenting on CRE topics to senior management

Expected base pay rates for the role will be between $165,000 and $275,000 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 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 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).