Credit Risk Management - Vice President

Morgan Stanley

Europe

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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.

Department Profile

The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley's capital base and franchise.

Risk Management protects the Firm from exposure to losses resulting from defaults by our lending and trading counterparties.

Credit 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.

Primary Responsibilities

Morgan Stanley is seeking a risk professional to join the Credit Risk Management department in Frankfurt. The role holder will have responsibility for the credit assessment, credit rating assignment and risk management of the Firm’s business with corporate counterparties.

Primary responsibilities include :

Cover key corporate counterparties across a range of corporate sectors, to recommend accurate credit risk ratings and appropriate risk appetite, for derivative transactions.

Transaction analysis and credit approval, handling of trade requests and managing counterparty credit risk portfolios as a product manager across a number of business lines for the covered industry sectors (e.

g. FX, Rates, Commodities).

Analyse economic and market events and their impact on the portfolio of counterparties managed.

Monitoring and analysis of credit risk and credit exposure sensitivities in the counterparty portfolio.

Mentor and train junior team members.

Liaise as necessary with other Risk and non-Risk groups including Market Risk, CVA, BU Risk, Credit Methodology, Credit Capital, Credit Projects, Portfolio Risk, Risk Reporting, Operations, Legal, Compliance and Finance.

Qualifications

Skills required (essential)

Bachelor’s degree or equivalent, ideally in Finance, Economics or similar; Master’s degree or professional qualification (CFA or equivalent) is a plus

Experience in dealing with traded products and the trade approval process i.e. dealing with traders, sales coverage.

Experience in corporate credit analysis and financial forecasting, assigning ratings and sizing risk appetite.

Product knowledge e.g. interest rate swaps, equity derivatives, commodities (metals, power, gas oil), FX etc.

Strong analytical skills, particularly related to fundamental research for Corporates.

Ability to work independently in a self-directed way to thrive in a collaborative, team and detail oriented environment.

Strong communication skills, verbal and written, including ability to summarize key messages for senior management presentations.

Familiarity with legal documentation and risk issues, including ISDAs, and credit mitigating features.

Strong organization skills with the ability to multitask, prioritise and work to tight deadlines

Strong command of English, both written and verbal

Highly motivated, energetic and proactive individual who takes ownership of his / her tasks and projects

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential.

Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences.

Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.

Given the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees.

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