Director, Credit Review

About the role

The Credit Review Group (CRG) is a specialized team within the Internal Audit Division (IAD) 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.

Responsibilities

• Help identify risk and impact to relevant coverage area to prioritize areas of focus
• Execute and lead aspects of credit review activities (e.g. cyclical reviews, continuous monitoring, closure verification) to assess risk and formulate a view on risk rating integrity and credit monitoring activities
• Facilitate conversations with stakeholders on risks, their impact and how well they are managed in a clear, timely and structured manner
• Absorb and provide feedback on formal and on-the-job training to further develop self and peers
• Liaise with regulators from the Federal Reserve and OCC, or PRA, as needed

Requirements

Understanding of business line and key regulations relevant to coverage area
Strong 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
Understanding of the OCC, FED and EMEA regulatory guidelines on various credit related matters including, but not limited to, rating credit risk, counterparty credit risk, commercial real estate, leveraged lending, asset-based lending, allowance for loan loss reserves, and the Shared National Credit (SNC) process

Qualifications

• At least 4-6 years’ relevant experience

Skills

Understanding of business line and key regulations relevant to coverage area
Strong 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
Understanding of the OCC, FED and EMEA regulatory guidelines on various credit related matters including, but not limited to, rating credit risk, counterparty credit risk, commercial real estate, leveraged lending, asset-based lending, allowance for loan loss reserves, and the Shared National Credit (SNC) process

Benefits

Morgan Stanley offers a comprehensive benefits package including health insurance, retirement plans, and paid time off. Additionally, there are opportunities for professional development and advancement within the company.

Pay

Expected base pay rates for the role will be between $123,500 and $154,500 per year at the commencement of employment.

Schedule

This is a hybrid role, working 4 days per week.