Vice President Tailored Lending (HNW) Loan Portfolio Manager
Morgan Stanley
Application
Details
Posted: 19-Jun-24
Location: New York, New York
Type: Full-time
Internal Number: 20901336
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 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, 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 Portfolio 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 Portfolio 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 Summary:
Experienced credit professional with an ability to manage a portfolio of complex and highly structured loans. This individual will be responsible for: â?¢ Managing modifications, renewals and annual reviews of existing credit facilities across a diverse portfolio of loans. â?¢ Preparing clear and concise credit memos covering transaction structure, an assessment of obligor credit profile and financial statements, analysis of collateral, identification of risks and mitigants and recommendation for Credit Risk review and approval. â?¢ Monitoring receipt of information from clients as required by loan documentation. â?¢ Performing periodic financial covenant and collateral valuation testing. â?¢ Working with other internal groups including Financial Advisors, Private Bankers, Loan Operations, Compliance, and Legal. â?¢ Maintaining data integrity within internal systems. â?¢ Ensuring accurate and timely updates of loan portfolio metrics, risk ratings and reports. â?¢ Developing and implementing remedial action plans for impaired credits in partnership with Credit Risk. â?¢ Engaging in ad hoc projects to improve quality and effectiveness of reporting, tracking and overall portfolio management.
Required Experience and skills: â?¢ Bachelor's degree required â?¢ Minimum 7+ years of lending and credit experience in private banking â?¢ Detail oriented with exceptional analytical skills and ability to understand complex financial statements and loan structures â?¢ Significant accounting and finance knowledge â?¢ Knowledge and familiarity with legal documentation for private banking clients â?¢ Ability to meet deadlines and multi-task in a fast-paced environment â?¢ High level of focus on work quality and attention to detail â?¢ Ability to collaborate effectively with related parties across the firm
Expected base pay rates for the role will be between $120,000 and $180,000 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.
*Expanded legislation requires that roles that sit in other state locations, but report to a manager in NY, must have the above language included in postings with the pay scale reflective appropriately to the location where the role will be sitting.
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)
