Internal Audit, Credit Review Group, Vice President
London
JR013609
We're seeking an experienced candidate to join our Internal Audit team as a Vice President covering the Credit Review Group (CRG) based in London. CRG is a specialized team within Internal Audit which is responsible for the independent assessment of the quality of loan underwriting, adequacy of credit assessment and monitoring, accuracy of credit ratings, and compliance with relevant credit policies as well as relevant regulatory guidance relating to credit risk.
The Internal Audit Division (IAD) drives attention and resources to vulnerabilities by providing an independent and well-informed view and impactful messages about the most important risks facing our Firm. This is accomplished by performing a range of assurance activities to independently assess the quality and effectiveness of Morgan Stanley’s system of internal control, including risk management and governance systems and processes. IAD serves as an objective and independent function within the Firm’s risk management framework to foster continual improvement of risk management processes. This is a Vice President level position within Credit Review, which is responsible for inspecting controls underlying the creditworthiness of the Firm’s loan portfolio.
Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
What You'll Do In The Role
- Formulate and lead a wide range of credit review activities to assess risks within coverage areas and the state of controls in place to mitigate them, including the appropriateness of internal and regulatory risk ratings, credit approvals, credit monitoring and compliance with internal policy and regulatory guidance
- Provide credible review and challenge of the firm’s credit risk processes to management and regulators
- Proactively identify existing and emerging risks, and factor into these into risk assessment and credit review coverage
- Articulate actionable insights to management regarding criticality and impact of risks to the business
- Effectively partner with colleagues and stakeholders globally to drive effective working relationships between teams in EMEA, NY and Mumbai
- Align projects and initiatives with department and coverage area priorities, and oversee team’s execution of deliverables in accordance with credit review and audit methodology and quality standards
- Act as the key representative of CRG in London, and liaison between CRG and the EMEA-based IAD, CRM and Business Unit stakeholders
- Liaise with local EMEA and U.S. regulators (e.g., Prudential Regulation Authority (PRA), Federal Reserve, OCC, etc.)
What You'll Bring To The Role
- At least 6 years' relevant experience would generally be expected to find the skills required for this role
- Leadership experience in credit risk management and/or credit review role at a large, multinational peer institution or global credit risk rating agency
- Strong understanding of credit risk/review principles, methodology, and processes
- Sector-specific knowledge in commercial real estate, leveraged lending, asset-based lending, allowance for loan loss reserves, non-bank financial institutions, sovereign analysis, Shared National Credit (SNC) process, etc.
- Advanced knowledge of industry and global markets drivers and regulations relevant to coverage areas
- Strong understanding of audit principles, methodology, tools and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring)
- An understanding of the PRA, EMEA, OCC, FED and other EMEA regulatory guidelines on various credit related matters including, but not limited to, rating credit risk, counterparty credit risk, identification of default, etc.
- Ability to articulate risk and impact clearly and succinctly to different audiences, and leverage and analyze data to inform focus and views on risk
- Effective change and project management techniques and ability to support teams in adapting new ways of working
- Ability to coach and mentor others and create an inclusive work environment for team
What You Can Expect From Morgan Stanley
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Certified Persons Regulatory Requirements
If t his role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
