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 1,200 offices in 43 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, achieve, and grow. A philosophy that balances personal lifestyles, perspectives, and needs is an important part of our culture.
The Tailored Lending Group within Morgan Stanley Wealth Management is seeking a Senior Asset Manager for our Alternatives Lending Team which specializes in bespoke financing transactions for ultra-high net worth clients, including loans secured by aircraft, alternative investments (hedge funds and private equity funds), private company stock, uncalled capital commitments to private equity funds, and other financial assets. The Alternatives Lending Team also provides unsecured loans. The Senior Asset Manager shall lead a team of junior asset management professionals in maintaining the quality of our existing loan portfolio, collaborating with Lending Transactors on new loan bookings and partnering with our Credit Risk Managers on portfolio risk control and reporting. The position shall be based in New York, NY.
Position Summary
Experienced credit professional with an ability to manage a portfolio of complex and highly structured loans and a passion for developing and mentoring junior talent on the team. Responsibilities include:
• Helping to design and improve portfolio management processes and procedures within Tailored Lending.
• Managing modifications, renewals, and annual reviews of existing credit facilities.
– Advising junior members on the team in credit analyses covering financial statements and collateral and review of the loan documents.
– Producing high quality credit memoranda clearly outlining transaction structure, results of the above credit analyses, and evaluation of strengths and risks of the transactions for Credit Risk Managers’ review and approval.
– Continuously monitoring financial condition and performance of loan parties, covenant compliance, and collateral valuations.
– Ensuring portfolio data integrity within internal credit systems.
– Ensuring accurate and timely update of loan portfolio metrics/reports.
– Tracking developments in the capital markets, macro-economic and geopolitical events to keep abreast of potential impact on the financial conditions of loan parties.
– Timely amending loan classifications/risk ratings and performing impairment analysis when necessary.
– Developing and implementing remedial action plans when necessary.
• Providing additional support to junior team members when they partner with Lending Transactors in new loan due diligence, credit analyses, credit approval and loan documentation.
• Coordinating with Credit Risk Management with all necessary risk control, reporting and monitoring tasks including potential ad-hoc projects and assistance with audits/exams.
• Working with all relevant parties including financial advisors, private bankers, loan operations, compliance and legal teams throughout the loans’ lifecycle.
Qualifications:
Required Skills/Experiences:
• Bachelor’s degree required
• Minimum 7-10 years of lending and credit experience in private bank, investment bank and/or commercial bank
• Significant accounting and finance knowledge
• Detail oriented with exceptional analytical skills and ability to understand complex financial statements and loan structure
• Experience with troubled debt restructuring and non-accrual loans a plu
• Passion for developing junior talent on the team
• High level of focus on work quality and attention to detail
• Excellent oral and written communication skill
• Ability to meet deadlines and multi-task in a fast-paced environment
• Ability to collaborate effectively with related parties across the firm
Expected base pay rates for the role will be between $175,000 and $250,000 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.
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).