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 an Asset Manager for our Alternatives Lending Team. The Tailored Lending Group provides Ultra High Net Worth clients with customized lending solutions that can be used to enhance liquidity, finance asset acquisition and/or protect wealth. The Alternatives Lending Team specializes in bespoke financing transactions including loans secured by aircraft, alternative investments (hedge funds and private equity funds), private company stock, uncalled capital commitments to private equity funds, and unsecured loans. The Asset Manager will report to the Head of Asset Management within the Alternatives Lending Team and will be responsible for maintaining the quality of the existing loan portfolio, collaborating on new loan originations and partnering with our Credit Risk Managers on portfolio risk control and reporting. The position shall be based in New York, NY.Position SummaryExperienced credit professional with an ability to manage a portfolio of complex and highly structured loans. This individual will be responsible for: • Managing amendments, renewals, and annual reviews of existing credit facilities across a diverse portfolio of loans, including:• Performing credit analyses covering financial statements, collateral, and review of loan documentation• Preparing high quality credit memoranda clearly outlining transaction structure, credit analyses results, and evaluation of strengths and risks of the transactions for Credit Risk Managers' review and approval.• Evaluating, monitoring, and reporting on credit risk factors including:• Requesting ongoing credit facility reporting requirements• Performing periodic financial covenant and collateral valuation testing• Timely updates to loan classifications and risk ratings and performing impairment analysis when necessary.• Partnering with Lending Transactors and Credit Risk Managers in loan due diligence, and requesting and reviewing legal documentation• Working with all relevant parties including Financial Advisors, Private Bankers, Loan Operations, Compliance, and Legal teams• Ensuring portfolio data integrity within internal credit systems• Ensuring accurate and timely updates of loan portfolio metrics/reportsRequired Experiences:• Bachelor's degree required• Minimum 2-3 years of lending and credit experience in private banking, investment banking and/or commercial banking• Experience in accounting, finance, and/or credit/lending• Detail oriented with exceptional analytical skills and ability to understand complex financial statements and loan structures• High level of focus on work quality and attention to detail• Excellent oral and written communication skills and ability to interact with individuals on all levels• Ability to meet deadlines and multi-task in a fast-paced environment• Ability to collaborate effectively with related parties across the firm• Experience with Microsoft Excel and PowerpointExpected base pay rates for the role will be between $70,000 and $100,000 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).
