Credit Risk Lending (Commercial Real Estate) - Analyst/Associate

Morgan Stanley ,
London, Greater London
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Credit Risk Lending (Commercial Real Estate) - Analyst/Associate Division: Risk Management Job Title: Credit Risk Lending (Commercial Real Estate) Location: London Job Level: Analyst/Associate COMPANY PROFILE 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. ROLE AND RESPONSIBILITIES This is a multi-faceted role which, will support senior team members with Commercial Real Estate ("CRE") transactions including both direct CRE-secured lending and CRE Warehouse transactions. The principal responsibilities include assisting on the evaluation of new transactions, managing a rapidly growing portfolio of existing loans, monitoring ongoing syndication activities together with the front office, and determining slotting scores for UK capital reporting. Fulfillment of these responsibilities involves: Assessing new CRE transactions, both direct lending and warehouse. This includes an independent assessment and recommendation on the credit quality of proposed transactions, including their rating and alignment to the Firm's credit appetite Monitoring an existing portfolio of CRE transactions, including periodic reporting of risk profiles, trends, and concentrations The review and verification of compliance certificates, debt covenants, and financial accounts Preparing timely and insightful annual reviews, including the assessment of performance against underwritten base case projections and key CRE metrics Assessing progress of syndication efforts against Credit Committee approved timelines, and preparing regular presentations for senior Credit management Preparing downside analysis of the credit quality of proposed and live transactions, to account for current or potential market stress. Collaborating with origination teams on structuring and documentation for proposed transactions The review of due diligence and involvement in due diligence sessions. including asset site visits Calculating and periodically re-assessing key inputs for capital weighting using the UK PRA Slotting Methodology Being the first point of call regarding credit-related matters for your portfolio Ensuring adherence to credit and other relevant internal policies and practices Working with risk stakeholders in the US, and within the bounds of OCC regulation. REQUIREMENTS Top class undergraduate degree or equivalent from a leading university Direct commercial real estate risk management experience Good understanding of the key drivers of the EMEA CRE market, and experience in underwriting CRE transactions A solid knowledge of typical transaction structures, facility documentation, and the lending process An understanding of how lenders' risk appetites respond to changes in CRE markets, encompassing ideas of appropriate leverage, hold levels and structural protections. Strong credit, analytical, and modelling skills (particularly with Excel) Excellent written and verbal communication skills with ability to quickly establish credibility with Credit senior management and senior deal team executives Demonstrable track record of working under pressure and managing multiple projects with limited supervision Familiarity with reading and interpreting commercial property appraisals. Knowledge of basic accounting and financial concepts with a sound ability to analyse businesses Strong team player able to work effectively in a team environment PREFERRED SKILLS AND EXPERIENCE A background in risk management, investment banking, PE, or advisory in the Real Estate space Additional European language skills are an advantage but not essential Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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. 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

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