The cornerstone of Morgan Stanley’s risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley’s capital base and franchise. Credit Risk Management protects the firm from exposure to losses resulting from defaults by our lending and trading counterparties.
Background on the Position
Morgan Stanley Credit Risk Management is recruiting a Vice President for the Credit Policy, Governance, and Regulatory Relations group. This group oversees the development of Credit policies and procedures and manages Credit related regulatory exams and internal audits. Its key functions are to establish Credit policy and governance standards and to spearhead remediation projects related to regulatory and audit findings. The group works in close collaboration with subject matter experts in Credit Coverage, Capital, Risk Analytics, and Reporting, as well as other departments within the Firm.
The ideal candidate will have extensive experience in Credit Risk Management, knowledge of risk and finance issues related to trading and lending activities, and familiarity with Fed, OCC and SEC regulations. This position offers opportunities to gain exposure to all aspects of Credit risk and to senior risk managers.
· Manage regulatory exams and coordinate related deliverables and presentation materials
· Analyze key upcoming regulatory guidance to assess level of compliance with current practice
· Assist in the Firm’s communication with regulators regarding Credit related issues
· Oversee senior management reports on regulatory exams, internal audits, and credit reviews
· Develop and update Credit policies and procedures, taking into account current regulatory expectations and Firm practices
· Initiate and execute various projects related to Credit policy, governance, and regulatory guidance
· Bachelor in economics, accounting, finance, or related field; MBA/JD is desirable
· Minimum 6 years of experience in a related field at a large financial institution or a top consulting/law firm
· Excellent verbal and written communication skills
· Superior analytical thinking and problem solving skills
· Proven leadership abilities and relationship building skills
· Ability to work effectively on multiple projects under tight deadlines
· Knowledge of financial services industry regulatory guidance
· Proficiency in Microsoft Office
· Experience interacting with large bank/securities regulators (e.g. FRB, OCC, SEC, PRA, FINRA, CFTC)