FID, First-Line Credit Analyst Derivatives Trading (Associate Vice President)

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking securities investment management and wealth management services. The Firms employees serve clients worldwide including corporations governments and individuals from more than 1200 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.

The Fixed Income Division is comprised of Interest Rate and Currency Products Credit Products and Distribution. Professionals in the Division assess and actively manage risk trade securities and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader in energy metals and agricultural product trading worldwide whose professionals trade in both physical and derivative commodity risk.

Background

Morgan Stanleys derivatives trading businesses operate in fast-moving global markets across asset classes. The First-Line Credit team partners directly with investment bankers corporate derivatives marketers traders and structurers to evaluate counterparty and transactional credit risks ensuring both strong business enablement and disciplined risk management. We are seeking a mid-level credit professional to support evaluation of new derivative transactions develop balanced credit recommendations and articulate views clearly to senior stakeholders.

Primary Responsibilities:

Transaction Evaluation & Credit Underwriting

• Evaluate new counterparty risk associated with derivative transactions across corporate counterparties PE funds and securitization structures.
• Develop clear balanced and well-supported written credit analyses assessing counterparty fundamentals transaction structure collateral/CSAs exposure dynamics stress outcomes and key risks.
• Present and defend transaction recommendations to senior leaders within the business and Firm Risk Management.
• Participate in transaction discussions with trading structuring capital markets origination and sales to ensure a shared view of credit appetite structural mitigants and commercial considerations.

Stakeholder Engagement

• Act as a first-line partner to the trading deskensuring efficient information flow early identification of credit issues and collaborative problem-solving.
• Build strong working relationships with second-line Credit Risk Management Legal Trading and Operations to support smooth execution of transactions.
• Support senior team members in due diligence discussions with counterparties for new relationships or complex structures.

Ongoing Portfolio Monitoring

• Maintain active oversight of assigned counterparty portfolio including review of financial performance industry trends limit usage and exposure changes.
• Identify emerging risks proactively and escalate as appropriate.
• Assist in preparing periodic portfolio reports summarizing ratings changes excesses and market impacts for senior management.

Documentation & Reporting

• Prepare concise yet thorough credit memoranda exposure summaries and transaction approvals for internal committees.
• Contribute to ad hoc presentations for business leadership Firm committees and regulatory inquiries.
• Review trade requests for exposure profiles tenor documentation considerations (ISDA/CSA) and structural elements.

Required Experience & Qualifications

• Bachelors Degree required.
• 48 years of relevant experience in one or more of the following:
  • Credit rating agency (corporates financial institutions or structured products)
  • Leverage / Acquisition Finance team
  • Secured lending team
  • Bank credit risk management team
  • Structuring or credit-intensive role within a banks trading or capital markets division
• Strong analytical ability and comfort working with complex information under time pressure.
• Demonstrated ability to develop coherent credit views and communicate them clearlyboth in writing and in discussions with senior stakeholders.
• Familiarity with traded products ISDAs/CSAs and exposure concepts preferred.
• Ability to work independently in a fast-paced trading-floor environment while managing multiple deliverables.
• Strong interpersonal skills and a collaborative mindset to partner effectively with front-office teams.

Preferred Attributes

• Experience with derivatives exposure metrics stress testing concepts and transaction structuring.
• Experience presenting credit recommendations to committees or senior risk stakeholders.
• Comfort interacting with clients counterparties and internal teams across the Firm.
• Interest in market sector and counterparty-specific developments relevant to traded credit exposures.

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 - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between between $150000 and $200000 per year commencement of employment for Associate and between $160000 and $250000 per year commencement of employment for Vice President. However base pay if hired will be determined on an individualized basis and is only part of the total compensation package which depending on the position may also include commission earnings incentive compensation discretionary bonuses other short and long-term incentive packages and other Morgan Stanley sponsored benefit programs.

Morgan Stanleys goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race color religion creed age sex sex stereotype gender gender identity or expression transgender sexual orientation national origin citizenship disability marital and civil partnership/union status pregnancy veteran or military service status genetic information or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).