Morgan Stanley

Director - ISG Commercial Real-Estate (Risk Management)

Posted On

June 25, 2024

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

July 17, 2024

Job Description

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.

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.

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) is the independent risk management function that evaluates and monitors credit risk transactions. 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
This is a multi-faceted role responsible for coverage of Commercial Real Estate (CRE) transactions, that is secured on all property types. The principal responsibilities include managing a rapidly growing portfolio of existing loans, monitoring ongoing portfolio management activities and evaluating new loans/transactions or collateral additions.

The successful candidate will be responsible to:
- Monitor and manage new loans & existing portfolio of CRE transactions including periodic reporting of risk profiles, trends, industry developments and concentrations.
- In conjunction with the Sr. Credit Officer, prepare Annual Reviews, Quarterly Reviews, monitor the ongoing financial condition and performance of the Borrower.
- Perform a thorough credit analysis on borrowers' financial health, risk rating and collateral analysis.
- Presentation to Credit Senior management, the Firm's Credit Committee, and other internal and external stakeholders
- Maintain frequent communication with Sr. Credit Officers regarding the financial condition of Borrower(s) and compliance with reporting requirements. - - Keep current on major developments and changes in financial condition and identification of risks.
- Ensure loan documentation accurately represents the terms of the loan approval and permits Morgan Stanley to enforce its rights on the collateral in a default situation. Review credit approval memos for compliance with firm's credit policy and philosophy.
- Identify early warning signals in deteriorating credits. Perform regular financial, credit and lien checks. Check for covenant compliance. Make timely recommendations regarding changes in credit classification and risk rating. Advice Sr. Credit Officers on remedial action plans as needed.
- Work with Sr. Credit Officers to maintain and update files in an orderly and timely fashion.
- Manage all requests within stated turn times unless justified as an exception. Manage expectations through active communication with Sr. Credit Officers.
- Must escalate material individual relationship or portfolio observations promptly to Sr. Credit Officers.
- Manage the direct reports (if assigned any) in terms of personal development, oversee production to ensure deliverables are on time and are of high quality, and provide timely feedback.
- Manage escalations and show a strong inclination towards problem solving and innovation.
- Partner with 1st Line and 2nd Line risk managers to prepare periodic reviews on each loan as well as quarterly portfolio reviews.
- Evaluate new CMBS direct lending as well as CRE warehouse collateral additions, particularly presenting an independent assessment and recommendation on the credit quality of proposed transactions including proposed rating and credit appetite.
- Contribute to production and recognize proper delegation, setting of department goals, work on synergies across different teams, projects to increase production and create efficient workflows and processes

Skill set
- Experience in commercial real estate lending and credit underwriting.
- Have a good knowledge of transaction structures, documentation, and the lending process.
- Detail orientated and highly motivated
- Strong organizational and analytical skills and the ability to effectively summarize findings, both verbally and in writing, in a clear and concise manner.
- Strong relationship management and possess good oral and written communication skills.
- Ability to meet deadlines while managing multiple deliverables with limited supervision.
- Good collaboration skills in a team-oriented environment.

Qualifications/Criterion
- Master's degree in finance required. CFA/FRM added advantage.
- 6-8 years of experience in commercial real estate lending and credit underwriting
- Experience at a global organization handling multiple priorities and different time zones

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.

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