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Type of Role: Investments

Experience Level: Analyst/Associate

Location: New York, New York

Salary: $85K - $140K

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm’s clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2021 Fortune 500 list of the largest United States corporations by total revenue. Details below.

DESCRIPTION

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.

Background on the Position
The role is within the FRM’s Credit Risk Management department as part of the financial sponsors credit coverage team, dedicated to supporting the Firm’s Securitized Products Group (SPG) and Global Capital Markets (GCM) businesses. The business coverage includes transaction management and approval of highly structured financing solutions for private equity funds.

Primary Responsibilities
The principal responsibilities of the role include the evaluation of new lending and trading transactions, as well as the monitoring and maintenance of existing loans and counterparty portfolios. Fulfillment of these responsibilities involves:
– Coverage of i) Capital Call Subscription Financing (CCSF) loan portfolio and ii) private equity and sponsor-related derivatives trading requests
– Manage and assess new financing solutions for private equity funds. The underwriting process includes detailed private equity fund analysis and borrowing base analysis. Credit professionals will assess and determine credit ratings, risk appetite, and structural enhancements such as covenants and termination events.
– Prepare credit memoranda that are of high-quality and present to credit senior management for discussion and approval of large transactions
– Monitor financial condition and performance of borrowers & counterparties within coverage responsibilities, including regularly reviewing covenant compliance, regulatory classifications, collateral threshold tracking, limits, and monitoring additional termination events
– Manage renewals and amendments of existing borrowers

QUALIFICATIONS

– Bachelor’s degree required. Master’s Degree or a CFA Charter holder is a plus
– Minimum 3 years of work experience at an investment bank and/or commercial bank
– Significant accounting and finance knowledge
– Experience in evaluating lending transactions including cashflow modeling, borrowing base analysis, and stress analysis. Familiarity or experience with traded products is preferred
– Strong analytical experience with private equity funds and other financial institutions
– Excellent verbal and written communication skills.
– Advanced knowledge of Microsoft Excel and PowerPoint
– Ability to independently review transactions, work under pressure, and balancing multiple deliverables
– Team player with the ability to work effectively in a collaborative environment

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).