Credit Risk Executive Director
Frankfurt
3252170
The role will reside within FRM's Credit Risk Management Department, reporting to the Head of Risk of Morgan Stanley Europe. Credit Risk Management (CRM) is responsible for the independent identification, analysis, reporting and escalation of all credit risk exposures arising from business activities, acting independently of business management and providing an effective challenge process. The role holder will lead a team located in Frankfurt with support from personnel in our Budapest service centre, and interact closely with the equivalent teams in London and New York.
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?
Oversight of the credit analysis and risk management for counterparties and borrowers, in particular the setting and independent monitoring of portfolio and single name risk appetite and the development and maintenance of credit limit frameworks consistent with the risk appetite statement
Assessment, challenge and approval of counterparty credit and lending transactions up to the role-holder's level of approval authority and advise the CRO and Firmwide risk organization, as appropriate, on significant risk transactions and credit risk issues
Review and challenge the integrity and reliability of credit risk metrics and reporting
Understanding of the credit risk control framework and credit risk profile from both a current and forward looking view, and deliver recommendations on credit risk management strategies
Oversight and development of appropriate stress tests to assess credit vulnerabilities and contribute to the internal capital adequacy assessment process (ICAAP)
Understanding and oversight of the Firm's internal credit risk capital models (IMM and IRB)
Ensure the function complies with relevant rules and regulation and where necessary attests to compliance with these rules
Lead interactions with regulators and other stakeholders and provide accurate and timely submissions
What we’re looking for:
Master's degree or equivalent, ideally in Finance, Economics or similar; professional qualification (CFA or equivalent) is preferred
Proven track record in credit risk management, particularly with a focus on counterparty credit risk from Sales & Trading
Experience in the European regulatory landscape and interactions with regulators
Experience in leading teams and working with external stakeholders
Skills that will help you in the role:
Strong organizational skills with the ability to multitask and prioritize; ability to work under pressure and to tight deadlines
Excellent communication skills, both verbal and written
Strong command of English, both verbal and written, including ability to summarise key messages for senior management
Highly motivated, energetic and proactive individual who takes ownership of his/her tasks and projects
Confidence to take ideas forward, work independently and to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
Where will you be working?
Firm Risk Management (FRM) supports 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, operational, model and other risks.
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empow