Credit Risk Management Tailored Lending / Associate - Commercial Real Estate (CRE)
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 to grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Credit Risk
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.
Position Description
Credit Risk Management (CRM) is independent from, but closely aligned with, the business units it serves. CRM is seeking an Associate - Portfolio Manager for the Tailored Lending unit serving Commercial Real Estate within Morgan Stanley Wealth Management (WM). WM provides a range of wealth management products and services for affluent individuals, businesses and institutions including brokerage and investment advisory, financial and wealth planning, credit and lending, cash management, annuities, insurance, and retirement. The open position is based in Salt Lake City, UT or Purchase, NY.
Position Summary
· Oversee the timely management of a diverse portfolio of CRE and relationship related loans (e.g. unsecured).
· Ensure the timely transition of loans from Underwriting to Portfolio Management with a thorough review of the credit including, but not limited to, ensuring that: (i) Internal Credit Ratings are current and accurately reflected in the reporting systems; and (ii) financial covenant and financial reporting trackers are accurate.
· Conduct due diligence including financial statement, rent roll, and collateral analysis (Appraisals / Environmental)
· Manage the timely completion of Annual Reviews, Renewals, and Amendments for all loans under management.
· Manage expectations through active communication with the business units, the respective manager and transactors.
· Remain current on CRE markets, keep abreast of major developments, changes in financial conditions, and identification of potential macro and micro issues related to individual borrowers and portfolios.
· Monitor the ongoing financial condition and performance of Borrowers/Guarantors, covenant compliance, and the value/condition of collateral.
· Escalate material individual relationship or portfolio observations promptly.
· Make timely recommendations regarding changes in credit classification and risk rating.
· Participate in ad hoc projects / audits / exams
QUALIFICATIONS
· Skills Required
· Bachelor's Degree required.
· 3-5 years of lending and credit analysis in private bank or commercial bank preferred.
· Detail oriented with exceptional organizational skills. Process oriented.
· Strong oral and written communication skills.
· Ability to multi-task, meet deadlines and manage expectations.
· Good collaboration skills in a team-oriented environment