Introduction

We are seeking an experienced candidate to join our Internal Audit team as a Vice President in the Credit Review Group (CRG), based in Frankfurt. CRG 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.

CRG, which is organized as a specialist group within 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 Vice President level position within Credit Review is based in Frankfurt, which is responsible for inspecting controls underlying the creditworthiness of the Firm’s loan portfolio with specific emphasis on the European market.

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.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

We have a track record of innovation and passion for unlocking new opportunities, we help our clients raise, manage and allocate capital. We do this by offering a wide range of investment banking, securities, wealth management and asset management services.

What will you be doing?

• Plan 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, specifically including the appropriateness of internal and regulatory risk ratings, credit approvals, credit monitoring and compliance with internal policy and regulatory guidance.
• Provide assurance of 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 Frankfurt and the broader EMEA region, NY and Mumbai
• Align projects and initiatives with department and coverage area priorities, and execute and oversee deliverables in accordance with credit review and audit methodology and quality standards
• Act as the key representative of CRG in Frankfurt, and liaison between CRG and the EMEA-based IAD, CRM and Business Unit stakeholders.
• Liaise with regulators including the Bundesbank and the Federal Financial Supervisory Authority (BaFin), the European Central Bank (ECB), other EMEA regulators, as well as US regulators including the Federal Reserve Bank (FRB), OCC, etc.

What you’ll bring in the role:

• At least 10 years' relevant experience in Credit review / Credir Analysis
• Increasing responsibility in a prior relevant 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 preferable in key sectors, including: counterparty exposures; 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
• An understanding of BaFin, ECB, OCC, FRB 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 project management techniques and ability to support teams in adapting new ways of working

We offer

What you can expect from Morgan Stanley:

All that we do at Morgan Stanley is driven by our five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These aren’t just beliefs, they guide the decisions we make every day, ensuring we do what's best for our clients, communities and more than 80,000 employees around the world. And at the core of our success are the people who drive it - relentless collaborators and creative thinkers who are fuelled by diverse thinking and experiences.

Wherever you are in our 1,200 global offices, you’ll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. 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.

Equal opportunities statement:

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.

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 this 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.