Firm Risk Management
Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, model and other risks.Background on the Position
Fixed Income Secured Lending (FSL) Real Estate teams in Credit Risk is looking to hire an experienced valuation expert. The primary responsibility for this individual is to develop and lead a global FSL valuation team to conduct valuation due diligence on and monitoring of real estate loans pledged as collateral to secure revolving and portfolio financing transactions. The FSL valuation team provides an independent view on the real estate backing the collateral loans through conducting market research, review of valuations provided as part of collateral loan pledges, and monitoring real estate markets. The underlying properties securing the collateral loans may be commercial real estate (all property types), data centers and residential real estate globally.Responsibilities include:
- Manage the collateral loan appraisal review process and opine on the reliability of the appraisal by ensuring assumptions are supported and reasonable;
- Ensure compliance of the collateral loan appraisal with Uniform Standards of Professional Appraisal Practice (USPAP), FIRREA, and internal policies;
- Determine if market values have become challenged and make recommendations to the Global Head of Credit for FSL regarding updating valuations for underlying properties;
- Develop processes and procedures to create efficiencies and improvements to monitor market activity;
- Manage a team of valuation experts including external vendors-6-8 years of real estate valuation experience in at least one of the following: commercial real estate, data centers or residential real estate
- Experience with valuations and markets in the US
- Excellent written and verbal communication skills
- Excellent time-management skills
- MAI - AI-GRS - RICS certifications preferred
- Experience/knowledge of Western European and Asian (specifically Australia) markets is beneficial but not requiredExpected base pay rates for the role will be between $120,000 and $200,000 per year at the commencement of employment. 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 Stanley's 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).Job: Credit Risk Title: VP, FSL Collateral Valuation Location: New York-New York Requisition ID: 3263059
