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, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Position Description
Morgan Stanley’s Commercial Real Estate Lending Group (CRE Lending) within the Securitized Products Group (SPG) originates, distributes and risk manages a portfolio traditional Commercial Real Estate loans across three global regions. We are currently seeking an interested Executive Director level candidate to lead the North America Asset Management team. The successful candidate will be expected to asset manage a large portfolio of commercial real estate and restructure non-performing loans. The role is based in New York.
Primary Responsibilities
− Perform continuous portfolio-level oversight, coordinating all North America asset management efforts with those of the global teams
− Proactively risk manage ongoing risks of individual loan positions, including monitoring of collateral performance, the integrity of assets and compliance with transaction terms, and setting loan performance thresholds for full re-underwrites
− Review and approve the quarterly underwriting assumptions and risk projections for the loans within the US CRE Lending portfolio
- Review and approve regular ongoing borrower requests for advances, releases, extensions and manage co-lender issues as may be needed as agent of syndicate
− Coordinate restructuring of non-performing loans with the deal team and co-lenders, where necessary
− Assess requests for amendments to loan documentation during the life of the transaction, prepare credit papers for such requests
− Provide weekly updates on loan performance, restructures and key risks to CRE Lending Management, and coordinate information shared with Credit Risk colleagues
- Provide periodic risk reporting to support various Committees, Boards, and Senior Management
− Prepare, review and attest to periodic regulatory submissions
− Review and provide feedback on the risk profile of pipeline transactions
− Strategize with senior management to seek efficiencies in the operating model by collaborating with internal groups such as Credit, Operations, Strats and IT
− Gather industry and company data, and create meaningful analysis to aid with strategic risk decisions
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, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Position Description
Morgan Stanley’s Commercial Real Estate Lending Group (CRE Lending) within the Securitized Products Group (SPG) originates, distributes and risk manages a portfolio traditional Commercial Real Estate loans across three global regions. We are currently seeking an interested Executive Director level candidate to lead the North America Asset Management team. The successful candidate will be expected to asset manage a large portfolio of commercial real estate and restructure non-performing loans. The role is based in New York.
Primary Responsibilities
− Perform continuous portfolio-level oversight, coordinating all North America asset management efforts with those of the global teams
− Proactively risk manage ongoing risks of individual loan positions, including monitoring of collateral performance, the integrity of assets and compliance with transaction terms, and setting loan performance thresholds for full re-underwrites
− Review and approve the quarterly underwriting assumptions and risk projections for the loans within the US CRE Lending portfolio
- Review and approve regular ongoing borrower requests for advances, releases, extensions and manage co-lender issues as may be needed as agent of syndicate
− Coordinate restructuring of non-performing loans with the deal team and co-lenders, where necessary
− Assess requests for amendments to loan documentation during the life of the transaction, prepare credit papers for such requests
− Provide weekly updates on loan performance, restructures and key risks to CRE Lending Management, and coordinate information shared with Credit Risk colleagues
- Provide periodic risk reporting to support various Committees, Boards, and Senior Management
− Prepare, review and attest to periodic regulatory submissions
− Review and provide feedback on the risk profile of pipeline transactions
− Strategize with senior management to seek efficiencies in the operating model by collaborating with internal groups such as Credit, Operations, Strats and IT
− Gather industry and company data, and create meaningful analysis to aid with strategic risk decisions
Experience and Skills Required
− Minimum 10 years’ experience in structured products or real estate origination / risk / credit / asset management
− Strong communication and leadership skills
− Strong technical and computer skills
− Excellent attention to detail
− Ability to effectively prioritize and coordinate multiple tasks under tight deadlines
− Ability to devise and implement new processes and procedures
Expected base pay rates for the role will be between $250,000 and $300,000 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).
Experience and Skills Required
− Minimum 10 years’ experience in structured products or real estate origination / risk / credit / asset management
− Strong communication and leadership skills
− Strong technical and computer skills
− Excellent attention to detail
− Ability to effectively prioritize and coordinate multiple tasks under tight deadlines
− Ability to devise and implement new processes and procedures
Expected base pay rates for the role will be between $250,000 and $300,000 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).
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