VP – Underwriter, Credit Risk Management Tailored Lending

  • Competitive
  • Salt Lake City, UT, USA Salt Lake City UT US
  • Permanent, Full time
  • Morgan Stanley USA
  • 24 Apr 18 2018-04-24

VP – Underwriter, Credit Risk Management Tailored Lending

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.

Credit Risk
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 senior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.

Position Description
Credit Risk Management (CRM) is independent from, but closely aligned with, the business units it serves. CRM is seeking a Loan Underwriter for the Tailored Lending / Private Banking business unit serving ultra-high net worth clients within Morgan Stanley's Wealth Management group (WM). WM provides a range of wealth management products and services for affluent individuals, businesses and institutions including brokerage and investment advisory, financial and wealth planning, credit and lending, cash management, annuities, insurance, and retirement.

Responsibilities Include:

  • Pre-screen appropriate transactions and communicate with origination team for Securities Based, Unsecured and Other Secured loans for Tailored Lending Borrowers (Ultra High Net Worth Individuals).
  • Responsible for conducting all due diligence on new credit requests including credit analysis, financial statement analysis, analyzing collateral, participating in client calls, etc.
  • Develop and negotiate structuring recommendations within context of firm's credit policy and philosophy.
  • Produce high quality credit memoranda clearly outlining transaction, purpose, strengths, risks and mitigates.
  • Utilize credit authority in an appropriate manner in accordance with credit policies and procedures and protecting the interests of the firm.
  • Make approval or decline recommendations to credit approvers. Articulate recommendation in a clear, concise and informed manner.
  • Demonstrate acceptable level of preparation and knowledge.
  • Manage all loan requests within stated turn times unless justified as an exception. Manage expectations through active communication with origination team.
  • Provide guidance on procedures / policies and make recommendations where appropriate.
  • Provide for accurate, complete and timely hand-off of transactions to the Portfolio Management team for ongoing management.
  • Mentor junior members of the Underwriting team.
  • Ensure accurate and timely update of pipeline reports.
  • Participate in ongoing pipeline meetings. Facilitate meeting budgeted loan volume goals through efficient and timely processing of loan requests.
  • Participate in ad-hoc projects.
  • Extend training and sales support as needed through ongoing interactions with business / sales and FAs


Qualifications: