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Director- Credit Review (Internal Audit)

Morgan Stanley
Mumbai Mumbai Maharashtra, Maharashtra, India
Competitive Salary
Closing date
May 19, 2024

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Job Role
Contract Type
Full Time
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.
In the Audit division, we provide senior management an objective and independent assessment of the Firm's internal control environment for risk management and governance. This is a Director level position within Credit Review which is responsible for inspecting controls underlying the creditworthiness of Firm's loan portfolio.
We're seeking an experienced professional to join our Credit Review Group as a Director to [scope of work/coverage area/portfolio].The Credit Review Group is responsible for inspecting controls underlying the creditworthiness of the Firm's loan portfolio
What you'll do in the role:
- Help identify risk and impact to relevant coverage area to prioritize areas of focus
- Execute and lead aspects of assurance activities (e.g., audits, continuous monitoring, closure verification) to assess risk and formulate a view on the control environment
- Facilitate conversations with stakeholders on risks, their impact and how well they are managed in a clear, timely and structured manner
- Assist in managing multiple deliverables in line with team priorities
- Solicit and provide feedback and participate in formal and on-the-job training to further develop self and peers
- Evaluate accuracy of the internal Risk Ratings - Probability of Default (PD), Loss Given Default (LGD) assigned to the obligors/counterparties of the Morgan Stanley global portfolio
- Review credit files and provide an opinion on credit analysis related to the exposure and the product type
- Evaluate credit monitoring practices for adherence to credit policy and procedures and tracking of account-specific or industry-related developments
- Analyze portfolio composition to identify trends and provide opinion on portfolio quality
- Evaluate completeness and overall quality of credit files
What you'll bring to the role:
- At least 4 years' relevant experience would generally be expected to find the skills required for this role
- Understanding of business line and key regulations relevant to coverage area
- Understanding of audit principles, methodology, tools and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring)
- Ability to identify and analyze multiple data sources to inform point of view
- Ability to ask meaningful questions, understand various viewpoints and adapt messaging accordingly
- A commitment to practicing inclusive behaviors
- Ability to perform credit analysis (financial statement analysis) of wholesale customers including corporates and financial institutions, along with assigning rating to the borrowers and counterparties
- Basic knowledge of credit products - loans, derivatives and other traded products etc. including ability to evaluate risks and mitigants of facility structures.
- Knowledge of banking regulations, pertaining to lending and credit extension
- Ability to produce written reports and present audit findings to credit risk managers
- Familiarity with basic tenets of general credit policies and procedures
- General understanding of key terms and conditions in credit agreements
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.
Job: *Other
Title: Director- Credit Review (Internal Audit)

Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
Requisition ID: 3250930

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