Credit Risk Portfolio Vice President

Credit Risk Portfolio Vice President
Frankfurt

3247611

Morgan Stanley is seeking a risk professional to join the Credit Risk Management department in Frankfurt at Vice President level. The role holder will have responsibility for the monitoring and management of the aggregate credit risk portfolio with particular focus on counterparty credit risk and with additional involvement in credit risk management related governance and regulatory deliverables.

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

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. We 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.

What will you be doing?

1. Oversight of the aggregate credit risk portfolio, including portfolio sensitivities and concentrations including review and analysis of credit stress testing results, with particular focus on the counterparty credit risk portfolio
2. Monitoring and understanding how macro-economic, industry or company-specific trends impact the credit risk portfolio incl. preparation of ad hoc analysis
3. Reviewing, analyzing and approving New Product requests
4. Oversight of outsourced services
5. Monitoring of internal credit risk models, in particular counterparty credit risk exposure models, from a user perspective
6. Close coordination with other departments including Legal and Compliance, Operations, Regulatory Controllers and Capital Groups as well as Firm Risk employees in other Morgan Stanley offices

What we're looking for:

1. Bachelor's degree or equivalent, ideally in Finance, Economics or similar; Master's degree or professional qualification as CFA or equivalent (preferred)
2. Proven experience in risk management or similar roles with strong analytical skills, experience related to fundamental credit analysis of financial institutions and NBFIs (preferred)
3. Strong understanding of financial risks in traded products and the credit approval process
4. Ability to communicate effectively with a wide range of stakeholders, both written and verbally

Skills that will help you in the role:

1. Ability to work independently in a self-directed way in a collaborative, team-oriented environment
2. Ability to work in a fast-paced environment, often balancing multiple high priority deliverables
3. Strong attention to detail and ability to provide information in usable formats (proficiency in Microsoft Office, including Excel, PowerPoint and Word)
4. Fluency in English is required, plus another European language (preferred)

Where will you be working?

The role will reside within Firm Risk Management's Credit Risk Management Department. 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 appropriately factored into business decisions.

Flexible work statement:

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Internal Applicants:

Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.

Equal opportunities statement:

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.