We’re seeking someone to join our team as a Vice President in ISG Fixed Income Operations to support Morgan Stanley's FID Secured Lending (FSL) business. FSL Operations supports all operational functions across the loan life cycle for the business's warehouse and other secured credit facilities that are backed by collateral including mortgages, hard assets and equity pledges. Vice President's in FSL Operations are based in New York and Baltimore and are responsible for leading teams to implement scalable, risk-controlled client and business support through periods of high volatility and business expansion.
FSL Operations manage primary origination, syndication, collateral management and loan servicing across all FSL asset classes and partner with both external clients and internal stakeholders (FSL Business, Asset Management, Financial Controllers, Credit, and Legal) to ensure that operational functions and risk are managed effectively.
In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is a Team Manager position at Vice President level within Product Support & Services, which is responsible for providing transaction support and managing post execution processes.
Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…
What you’ll do in the role:
- Deploy people strategies to inspire team commitment through assigning tasks that maximize individual and team strengths.
- Responsible for coaching and guiding the team on new deal structures and collaborating with the FSL Business to develop solutions that meet client expectations, ensures that loan facilities are accurately represented in firm books and records, and that the underlying collateral is accurately tracked for financing eligibility and valuation.
- Partner with the project team and Technology to lead the execution of FSL's digital transformation operating model to reduce manual work and create straight through processing throughout all operational functions.
- Enhance and maintain the operational risk framework to ensure that risk reporting (e.g. KPI, KRI, RCSA) is managed in accordance with the firm's policies, procedures and guidelines. Core responsibilities include the daily management of the below functions:
- Review relevant credit and closing documentation to build out bilateral and syndicated loan facilities in internal booking systems
- Daily loan servicing including borrowing/funding requests, settlement/paydown processing for bilateral and syndicated facilities
- Collateral review and management: load and review of daily custodial reports; coordinate with external document custodian on exceptions.
- Execution of collateral releases for the shipment of loan documents to investors purchasing loans off the warehouse line.
- Borrowing base management: monitoring warehouse line expiration dates, advance limits, collateral eligibility, and deficiencies; coordinate with client and Business Unit as needed.
- Where applicable, coordinate with Credit and Business Unit on temporary exceptions
- Daily review of exception/break reports and taking appropriate actions to resolve
- Preparation and distribution of periodic interest & fees invoices
- Fielding other ongoing/ad hoc inquiries/requests from clients
What you’ll bring to the role:
- Bachelors degree required
- Previous experience in institutional lending operations
- At least 5-7 years of experience managing a team
- Strong interpersonal, customer service, and supervisory skills
- Highly motivated self-starter with excellent prioritization and multi-tasking abilities.
- Ability to work in a fast paced environment, both independently and as part of a team.
- Demonstrate ability to learn quickly with strong flexibility in regard to the duties assigned and problem solving skills.
- Excellent verbal and written communication skills.
- Knowledge in warehouse lending and collateral, or residential and consumer lending
- Knowledge of the secondary mortgage market, including involvement of government-sponsored enterprises (i.e. Freddie Mac, Fannie Mae)
- Experience with Loan IQ is a plus
- At least 10 years’ relevant experience would generally be expected to find the skills required for this role
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.
Salary range for the position: $93,000 - $140,000 Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
Skills Required
- Bachelors degree required
- 5-7 years of experience managing a team
- Previous experience in institutional lending operations
- Knowledge in warehouse lending and collateral, or residential and consumer lending
- Knowledge of the secondary mortgage market, including involvement of government-sponsored enterprises
- Experience with Loan IQ is a plus
- Strong interpersonal, customer service, and supervisory skills
- Excellent verbal and written communication skills
- Ability to work in a fast paced environment, both independently and as part of a team
- Demonstrate ability to learn quickly with strong flexibility in regard to the duties assigned and problem solving skills
Morgan Stanley Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Morgan Stanley and has not been reviewed or approved by Morgan Stanley.
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Parental & Family Support — Family support is extensive, with paid parental leave for all parents, adoption and fertility assistance, backup childcare, and eldercare resources. Feedback suggests these programs meaningfully enhance the overall package and help with retention.
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Healthcare Strength — Health coverage spans medical, dental, vision, mental‑health access, care navigation, and expert second opinions. Convenient primary care access and condition‑specific support reinforce the depth of healthcare coverage.
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Equity Value & Accessibility — Equity compensation and stock ownership are positioned as core motivators that encourage commitment and retention. Feedback suggests education and support are provided to help participants manage equity and related financial benefits.
Morgan Stanley Insights
What We Do
Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 85 years, the firm’s reputation for using innovative thinking to solve complex problems has been well earned and rarely matched. A consistent industry leader throughout decades of dramatic change in modern finance, Morgan Stanley will continue to break new ground in advising, serving and providing new opportunities for its clients. Morgan Stanley is committed to maintaining the first-class service and high standard of excellence that have always defined the firm. At its foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide its more than 60,000 employees in 1,200 offices across 41 countries.
