Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firms 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 five 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
5. Committing to Diversity an Inclusion
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:
- Flat, flexible and integrated global organization
- Collaboration and teamwork
- Credible, independent decision-making
- Organizational influence
- Creative and practical solutions
- Meritocratic and diverse culture
Credit Risk Management (CRM)
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, Chief Credit Officer and senior management. CRM also interacts with the business unit to ensure that credit risk assessments are factored into business decisions.
Background on the Position
The role will reside in the Chief Operating Officer (COO) team within Credit Risk Management. The CRM COO team is primarily responsible for managing the day-to-day operations of the department including; budget and forecasting, expense/vendor management, process enhancement, and staffing & recruiting. The team has significant interaction with Credit coverage, FRM, and other departments.
- Provide assistance with strategic planning and budgeting for CRM
- Prepare monthly management reporting related to staffing/headcount, resources, and expenses for the Chief Credit Officer and FRM
- Drive process and reporting automation efforts
- Produce regular and time-sensitive ad-hoc reports and analyses for senior management
- Support projects related to department process enhancements and cost efficiency
- Collaborate with the FRM COO team to complete Firm-wide related deliverables and initiatives
- 2 to 5 years of experience in financial reporting and analysis or related functions at large financial institutions
- Strong verbal and written communication skills
- Effective multi-tasker who can deliver under tight deadlines
- Proficient in MS Office and related applications (PowerPoint, Excel (VBA), Word)
- Bachelors degree required
- Familiarity with risk management concepts is a plus