Credit Risk (Risk Management) : Job Level - Associate

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, model and other risks.

Background on the Position

The role will reside within the Firm Risk Management's Credit Risk Management department, which is a team dedicated to managing credit risk associated with Morgan Stanley's leveraged finance originations business.

The Collateral Valuation Team (CVT) seeks to hire a professional as support for its current sixteen (16) member global team. While this position is centered in the NYC area, other members of the team are positioned throughout the US and UK. The primary responsibility of this individual is to be an integral part of the appraisal management and appraisal review processes. The prospective hire will help ensure that the Commercial Real Estate appraisal and evaluation program maintains its independence in compliance with federal regulatory requirements, internal policies, and generally accepted appraisal standards. These in turn support the FRM mission of protecting the Firm from exposure to losses as a result of credit risk. This position provides an opportunity to learn the rudiments of commercial real estate valuation techniques and associated regulations.

Primary Responsibilities

• Management of appraisal engagement process to ensure consistency with Uniform Standards of Professional Appraisal Practice (USPAP), Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), internal policies and generally accepted appraisal standards, including managing the list of acceptable appraisal and appraisal review firms
• Assist in shaping appraisal engagements to ensure that our business and client goals are being achieved
• Act as an intermediary between external appraisal firms and our business unit underwriters to ensure adherence to regulatory guidance and internal policies and procedures
• Coordinate transition from appraisal management to appraisal review
• Develop forms and tools to streamline processes and create efficiencies in appraisal process for complete underwriting review
• Support the collateral monitoring function of the Valuation Team. Experience
• Bachelor's Degree required
• 3 - 5 years of corporate experience is preferred
• At least one year of valuation experience-real estate preferred but not necessary; interest in developing commercial real estate competence is a must
• Knowledge and understanding of commercial process, underwriting, appraisal techniques and/or regulations
• Excellent written and verbal communication skills
• Excellent time-management skills as well as the ability to manage a system/process
• Positive attitude and a willingness to learn in a high-paced and dynamic environment
  
  

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 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 grit in their work.

Expected base pay rates for the role will be between $85,000 and $140,000 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.

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).