Credit Risk

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
Morgan Stanley Credit Risk Management is recruiting an Associate in New York for the Credit Policy, Governance, and Regulatory Team (CPGR), which is part of the Credit Risk Management (CRM) Second Line of Defense. CPGR is led by the Global Head of Credit Policy, Governance and Regulatory.

CPGR (1) develops, enhances, and maintains Credit policies and procedures, (2) manages Credit related regulatory exams, internal audits, and Credit non-data Self-Identified Issues framework; and (3) coordinates responses to Credit related ad hoc requests from regulators. Its key functions are, among other things, to establish/maintain Credit policy and governance standards, spearhead remediation projects related to regulatory and audit findings/deliverables, advise on compliance with regulatory guidance, and provide credit governance solutions globally. The team works in close collaboration with subject matter experts globally in Credit Coverage, Capital, Risk Analytics, and Reporting, as well as other departments within the Firm.

The ideal candidate will have experience in Credit Risk Management, knowledge of risk and finance issues related to trading and lending activities, ability to write clearly and concisely, technology skills, and familiarity with large bank/securities regulations. This position offers opportunities to gain exposure to all aspects of Credit Risk and to senior risk managers.

Primary Responsibilities
- Develop and update Credit policies and procedures, taking into account current regulatory expectations and Firm practices
- Execute various projects and efficiency initiatives related to Credit policy, governance, and regulatory guidance
- Coordinate the Firm's communications and deliverables for Credit related regulatory exams/audits and requests
- Analyze key upcoming regulatory guidance to assess level of compliance with current practice
- Assist in the preparation of senior management reports and materials on policies/procedures, regulatory exams, internal audits, self-identified issues, and credit reviews - Bachelor's degree; Advanced degree desirable
- Three to five years of experience in Credit Risk or a related field at a large, complex financial institution or a top consulting firm
- Excellent verbal and written communication skills
- Analytical/critical thinking and problem-solving skills
- Ability to work effectively on multiple projects under tight deadlines
- Highly detail oriented with a critical degree of accuracy
- Proficiency in Microsoft Office programs (Word, Excel, PowerPoint)
- General technology skills (e.g., SharePoint sites, databases, process flows, Microsoft Access, Visio, basic knowledge of computer languages)

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.

We're committed to bringing passion and customer focus to the business.

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 basis 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 law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).