Find Your Dream Job Today

Our mission is to help high-achieving LGBTQ+ undergraduates reach their full potential.

Associate - CRE - Credit Risk

Morgan Stanley

Morgan Stanley

New York, NY, USA
Posted on Wednesday, July 10, 2024
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 Firm Risk Management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.

Primary Responsibilities
This is a multi-faceted role responsible for coverage of Commercial Real Estate (CRE) transactions, including both direct CRE-secured lending and CRE Warehouse products secured on all property types.

The principal responsibilities include the evaluation of new transactions, managing a rapidly growing portfolio of existing loans, and monitoring ongoing syndication activities to manage balance sheet usage.

Fulfillment of these responsibilities involves:
- Manage and assess new CRE transactions for both direct lending as well as warehouse, particularly presenting an independent assessment and recommendation on the credit quality of proposed transactions including proposed rating and credit appetite
- Lead officer in collaborating with origination teams on structuring and documentation for proposed transactions ranging from $100MM to $1Bn+ in financing
- Presentation to Credit Senior management, the Firms Credit Committee, and other internal and external stakeholders
- Assess progress of syndication efforts against proposed and approved targets
- Review of due diligence and involvement in due diligence sessions including asset site visits and -coordinating with internal appraisal review team
- Monitor and manage existing portfolio of CRE transactions including periodic reporting of risk profiles, trends, industry developments and concentrations
  • Experience in commercial real estate lending and credit underwriting
    - Have a good knowledge of transaction structures, documentation, and the lending process
    - Strong credit, analytical, and modelling skills
    - Excellent written and verbal communication skills with ability to quickly establish credibility with Credit senior management and senior deal team executives
    - Demonstrable track record of working under pressure and managing multiple projects with limited supervision
    - Strong team player able to work effectively in a team environment
    - University undergraduate degree

    Qualifications (preferred)
    - Experience training and managing junior talent
    - 3-5 years of experience in commercial real estate lending and credit underwriting
    - Experience with CRE Warehouse structures and collateral
    - Masters or equivalent professional qualification (CFA, CA, CPA, etc.)

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).

FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.