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Credit Risk - Workout/Special Assets Oversight Team

Employer
Morgan Stanley
Location
UK
Salary
Competitive
Closing date
26 Jun 2022

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Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
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Job Number: 3212988Posting Date: May 6, 2022Primary Location: Europe, Middle East, Africa-United Kingdom-United Kingdom-LondonEducation Level: Bachelor's DegreeJob: Credit RiskEmployment Type: Full TimeJob Level: Vice President Description
Division: Risk Management
Role: Credit Risk - Workout/Special Assets Oversight Team
Level: Vice President
Location: London
Recruiting Contact Name: Martin Deavin
Recruiting Contact Email: Martin.Deavin@morganstanley.com
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, operational, model and other risks.
Background on the Position
The role will reside within Firm Risk Management?s Credit Risk Management (CRM) Department. Credit Risk Management (CRM) determines risk appetite, approves and manages credit and counterparty risks on an industry, client, geography and transaction basis. CRM team assigns Internal Credit Ratings to our client base; 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.
Morgan Stanley is seeking a risk professional to join the Workout/Special Assets Oversight team to analyse counterparties, identify and quantify risk drivers in transaction structures, prepare credit memos, make recommendations and manage exposure.
Primary Responsibilities
Actively maintaining and managing a portfolio of stressed and/or distressed credits (across loans and derivatives), which may be either through soft restructure/workout scenarios, or formal insolvency processes
Liaise with external stakeholders (counsel, financial advisors etc.) and internal partners (business units, legal, risk and compliance)
Work independently as the primary credit officer to manage the credit across the full spectrum (initial close monitoring, through to the active management and final resolutions)
Preparation of internal credit memos, internal ratings, financial modeling, deal structuring and relevant valuation work to assess any potential impairment/accrual/non-accrual
Presenting to credit committees for deal approvals and/or periodic updates, through clear and succinct communication, both verbally and written. Preparation of quarterly submissions to Impairment Committees and supporting review of the Firm?s Watchlist Portfolio on a regular basis
Providing support to the corporate lending team (secondary responsibility, subject to available capacity)
Where required, assistance on ad hoc regulatory returns and exercises
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
Qualifications
Experience
Bachelor?s degree or equivalent in Quantitative Finance or another quantitative discipline
Extensive experience in work-out / capital structure restructuring and leveraged finance transactions
Extensive experience in corporate credit analysis and financial forecasting, assigning ratings and sizing risk appetite
Familiar with financial markets, financing and risk mitigating structures
Product knowledge e.g. leveraged loans, swaps, equities, structured finance
Familiarity with legal documentation and risk issues, including LMA and bond documentation, ISDAs, CSAs, netting, and credit mitigating features
The ability to effectively communicate with a wide range of stakeholders, both written and verbally
The ability to work independently in a self-directed way in a collaborative, team-oriented environment
Strong organisation skills, with an interest in working in a fast-paced environment, often balancing multiple high priority deliverables
Strong attention to detail and ability to provide information in usable and friendly format; proficiency in Microsoft office, including Excel (financial modeling), PowerPoint and Word
Background from advisory, leveraged finance or restructuring/workout (preferable)
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