Associate, Risk​/Policy Management

Morgan Stanley Services Group, Inc. seeks an Associate, Risk / Policy Management in New York, New York

Prepare in-depth credit reviews for new and existing clients, determine appropriate credit limits and ratings, compile recommendations, manage limit and tenor excesses. Perform counter party credit analysis and portfolio management. Support a diversified set of corporate counter parties across all industries including, but not limited to:
Telecommunications, Media, Real Estate, Commercial Real Estate, Industrials, and Insurance Brokers. Review new trade requests. Analyze trade structure, exposure profile, tenor, and recommend appropriate incremental exposure and structure based on counter party creditworthiness. Lead ISDA and CSA legal trading document negotiations to set appropriate credit parameters. Prepare presentations on an ad hoc basis for senior management, firm risk committees and regulators.

Expected base pay rates for the role will be between $131,000 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.

• Requires a Bachelor’s in Engineering (any), Mathematics, or a related field and three (3) years of experience in the position offered or three (3) years as an Associate, Analyst, or a related occupation.
• Utilizing portfolio metrics including: PV01, FX Delta/Kappa, Duration, Peak Exposure, and Tail Risks to assess market impact.
• Stress testing exposures using Monte Carlo simulations at 95% and 99% confidence levels, including crisis scenarios.
• Analyzing risk in derivatives including: swaps, collars, forwards, options, cross currency, and deal-contingent, by assessing notional, market sensitivity, tenor, and client use.
• Analyzing secured transactions including:
  Borrowing Bases, LTVs, collateral, liquidity, and covenants.
• Debt facilities including: revolvers, secured loans, ABS/ABL, term loans.
• Interpreting credit agreements: financial/negative covenants, incremental debt, collateral, payment terms, maturities, and recovery waterfall.
• Building financial and valuation models (DCF, peer analysis) across sectors.
• Using credit metrics to assess default risk including: liquidity, maturities, leverage, financial performance, and capital.
• Analyzing industry concepts including: business models, macroeconomic impact, and sector trends.
• Underwriting complex structures using guarantees or implied support under Basel standards.
• Conducting recovery analysis using stressed valuations vs. liabilities.
• Negotiating ISDA/CSA market standard terms based on type of counter party and industry including: default events, termination, cross-default, netting, collateral thresholds.

us at (Use the "Apply for this Job" box below). and enter JR017755 in the search field. No calls please. EOE

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries.

At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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.

There’s also ample opportunity to move about the business for those who show passion and…