Municipal Credit Risk - Seeking Associate or Vice President

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 15 Dec 18

Municipal Credit Risk - Seeking Associate or Vice President

Morgan Stanley
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.
The talent and passion of our people is critical to our continued success as a firm. Together, we share four core values rooted in integrity, excellence and strong team ethic:
1. Putting Clients First
2. Doing the Right Thing
3. Leading with Exceptional Ideas
4. Giving Back
Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.
Firm Risk Management
Firm Risk Management (FRM) enables 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, operational, model and other risks.
Our mission is to serve as the follow roles:
· Independent agent to set consistent principles and disciplines for risk management
· Strategic advisor to Firm management for setting risk appetite and allocating capital
· Industry leader to influence and meet regulatory standards
You will collaborate with colleagues across FRM and the Firm to protect the Firm's capital base and franchise, advise businesses and clients on risk mitigating strategies, develop tools and methodologies to analyze and monitor risk, contribute to key regulatory initiatives and report on risk exposures and metrics to enable informed and strategic decision-making. Through thoughtful analysis and clear communication we are best able to bring our ideas to the table and improve the Firm.
Firm Risk Management values diversity and is committed to providing a supportive and inclusive workplace for all employees.
Firm Risk Management's unique franchise promotes:
ü Flat, flexible and integrated global organization
ü Collaboration and teamwork
ü Credible, independent decision-making
ü Organizational influence
ü Creative and practical solutions
ü Meritocratic and diverse culture

Background on the Position
Credit Risk Management is looking to hire an Associate/Vice President to the Municipals coverage team. The Municipals team has coverage of all public finance counterparties, including governmental entities and tax-exempt not-for-profit organizations in the U.S., Canada, and U.S. Territories. The team is also responsible for oversight of the Community Reinvestment Act (CRA) portfolio.

The principal responsibilities of the role include primary coverage in certain public finance sectors. Fulfillment of these responsibilities requires the ability to:
· Assess and approve new transactions, including an independent assessment and recommendation on the credit quality of proposed counterparties and escalation to senior management, as required
· Collaborate with business units on structuring and documentation for proposed transactions
· Portfolio management and oversight of Municipal sub-sectors and CRA lending
· Present credit opinions to Credit Senior management and business units for discussion and approval loan transactions
· Assist with the risk management by setting and monitoring credit limits


· Experience in risk management of lending and derivatives products
· Strong credit and analytical skills
· Excellent written and verbal communication skills
· 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
· Strong in both Microsoft Excel and Powerpoint
· Minimum 5 years of public finance experience
· Graduate degree preferred but not required