Credit Risk - Commercial Real Estate Coverage, Vice President (Hong Kong)
June 11, 2021
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 42 countries.
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. Morgan Stanley 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.
Department Profile 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. Risk Management protects the Firm from exposure to losses resulting from defaults by our lending and trading counterparties.
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 Firm Risk Management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.
Primary Responsibilities This is a multi-faceted role responsible for coverage of Commercial Real Estate ("CRE") transactions, including both direct CRE-secured lending and CRE Warehouse products secured on all property types. The role may also include coverage of FID Secured Lending ("FSL") transactions comprising of loan on loans secured by a variety of asset classes namely commercial real estate, residential mortgage, non-performing loans, and middle market loans.
The principal responsibilities include the evaluation of new transactions, managing a growing portfolio of existing loans, and monitoring ongoing syndication activities to manage balance sheet usage.
Fulfillment of these responsibilities involves:
Monitor and manage existing portfolio of CRE transactions including periodic reporting of risk profiles, trends, industry developments and concentrations
Manage and assess new transactions for both direct lending as well as warehouse, particularly presenting an independent assessment and recommendation on the credit quality of proposed transactions including proposed rating and credit appetite
Presentation to Credit Senior management, the Firm's Credit Committee, and other internal and external stakeholders
Assess progress of syndication efforts against proposed and approved targets
Collaborate with origination teams on structuring and documentation for proposed transactions ranging from $100MM to $1Bn+ in financing
Review of due diligence and involvement in due diligence sessions including asset site visits and coordinating with internal appraisal review team
Being the first point of call regarding credit-related matters for your portfolio and responding in a timely manner to ad-hoc requests relating to your portfolio
Ensure adherence to credit and other relevant internal policies and procedures as well as OCC regulations