PWM Credit Risk, VP

About the Firm

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com .

About the Division

The cornerstone of Morgan Stanley's risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking, which protects Morgan Stanley's capital base, liquidity and franchise. The APAC Firm Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all credit, market, operational and liquidity risk exposures arising from business activities, acting independently of business management and providing an effective challenge process.

Credit Risk Management (CRM) evaluates credit risk of transactions, especially loans and derivatives, from all BUs within the Firm and approves, rejects or modifies them after thorough consideration of various factors. CRM 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 senior management.

About the Role

We are seeking a seasoned Vice President with first or second line experience in managing credit risk within the wealth management space, or a high-performing Associate with strong analytical capabilities and deep product knowledge in derivatives and corporate finance, to join our Private Wealth Management (PWM) Credit Risk team in Hong Kong.

Key Responsibilities

In this role, you will collaborate closely with colleagues in PWM Sales Team and the Business Control Unit to manage credit risk exposures arising from Morgan Stanley's rapidly growing private wealth platform in Asia.

• Provide counterparty coverage for new credit limit request, annual limit review, docs negotiation, and margin call handling;
• Analyze client's portfolio under management, identify weakness in the account and design risk mitigants;
• Conduct due diligence on high-net-worth individuals and related entities across a variety of PWM transactions;
• Monitor and manage the Asia PWM Credit Risk portfolio on an ongoing basis;
• Develop, maintain and ensure compliance with all credit policies and procedures;
• Collaborate with other Credit Officers in the Hong Kong, Singapore and Mumbai offices;
• Provide guidance/mentoring for junior members of the team;
• Liaise with Credit Officers on the institutional counterparty side of the bank and in the US Wealth Management business, establish best practices as applicable to the region.

• For VP candidate, at least 10 years of experience covering PWM Credit Risk in the first or second line of defense;
• Strong knowledge on securities-based lending product and margin lending policies (required for VP; preferred for Associate)
• Good product knowledge across derivatives asset classes, including equities, FX, interest rates, and credit instruments;
• Proven ability to work independently and engage effectively with senior stakeholders
• Strong modeling skills in Excel or Python, with a high sense of ownership and self-motivation
• Excellent communication skills-written, verbal, and visual-for presenting complex information clearly and effectively