Credit Risk Specialist – Loans & Derivatives (Workouts) – Associate Jobs in Dubai – UAE at Morgan Stanley
Title: Credit Risk Specialist – Loans & Derivatives (Workouts) – Associate
Company: Morgan Stanley
Location: Dubai – UAE
Type: Full Time
Category: Finance, Accounting
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.
The cornerstone of Morgan Stanley’s risk management philosophy is the execution of risk-adjusted returns through prudent risk-taking that protects Morgan Stanley’s capital base and franchise. Risk Management protects the Firm from exposure to losses resulting from defaults by our lending and trading counterparties.
Credit Risk Management (CRM) evaluates credit risk transactions and approves, rejects or modifies them considering the availability and appropriateness of arrangements for reducing risk or risk mitigation. The department 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. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.Primary Responsibilities
To analyse counterparties, identify and quantify risk drivers in transaction structures, prepare credit memos, undertake valuations, make recommendations and manage exposure of assets overseen by the Special Assets Oversight Team. •Analyse credit risks in portfolio of underperforming and work-out corporate loan and derivative counterparties, waiver and amendment requests, new financing requests and periodic reviews.•Recommend and document accurate credit risk ratings and appropriate risk appetite.•Assist in liaising with clients, counsel and internal business units on credit requirements and structural considerations, on credit decisions and ongoing relationship and exposure management.•Assist with internal review and approval process for requests and transactions, including discussions with committee and senior management.•Analyse economic and market events and their impact on the portfolio of counterparties managed.
Skills required (essential)•Experience in work-out / capital structure restructuring and leveraged finance transactions.•Experience in corporate credit analysis and financial forecasting, assigning ratings and sizing risk appetite.•Experience in valuation analysis of corporates on a DCF basis.•Familiarity with financial markets, financing and risk mitigating structures.•Product knowledge e.g. leveraged loans, swaps, equities.•Familiarity with legal documentation and risk issues, including LMA and bond documentation, ISDAs, CSAs, netting, and credit mitigating features. •Working knowledge of computer applications, particularly Excel (financial modelling), PowerPoint and Word. •Fluency in English plus one European language would be an adva…