Residential Mortgage Credit Risk VP

Description - External

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

The role will reside within Wealth Management Credit Risk Management, which evaluates and actively monitors the credit risk of a loan portfolio for Wealth Management clients. The team supports the Morgan Stanley Home Loans business unit and operates within the firm’s risk appetite.

Primary Responsibilities

• Active credit coverage of a residential mortgage lending portfolio.
• Monitoring and reporting key performance indicators of mortgage loans, including delinquency, forbearances and CECL impairment analysis.
• Impact assessments and resolution recommendations, and portfolio oversight following climate events.
• Monitoring and oversight of problem loan resolution, approvals of modification requests, forbearances and loans impacted by physical risk events.
• Making timely recommendations regarding changes in regulatory loan classifications, CRM Watchlist, and Accounting Standard Updates; managing systemic reporting of outputs.
• Leading or participating in ad‑hoc projects, audits, regulatory exams, and procedure, policy, and model reviews.
• Preparing business‑as‑usual portfolio summaries and ad‑hoc special topics covering assessment of trends and emerging risks for governance forums and FRM senior leadership.
• Ensuring data integrity of the portfolio reports by working with stakeholders in finance, FRM reporting, business unit analytics and technology.
• Managing all requests within stated turn times while managing expectations through active communication with management and business risk & origination teams.
• Managing competing priorities in a fast‑paced environment, partnering across functions (Finance, Risk Reporting, Technology, and business stakeholders), and mentoring junior team members.

Qualifications

• Bachelor’s degree in finance and accounting required; MBA is an asset.
• 5+ years of experience in residential mortgage credit risk, portfolio surveillance, or related risk management for consumer/real estate lending (private bank, retail bank, or similar).
• Strong credit fundamentals and analytical skills, with experience evaluating loan performance drivers and borrower/property risk using loan servicing data, collateral characteristics, and portfolio stratifications.
• Excellent written and verbal communication skills; experienced presenting emerging risks, trends, and recommendations to senior leadership.
• Strong technical skills (Excel and PowerPoint required; experience with SQL or similar querying tools preferred) and comfort working with large datasets to produce repeatable, well‑controlled reporting.

Expected Compensation

Expected base pay rates for the role will be between $95,000 and $165,000 per year at the commencement of employment. Base pay, if hired, will be determined on an individualized basis and is only part of the total compensation package, which may also include commission earnings, incentive compensation, discretionary bonuses, other short‑ and long‑term incentive packages, and other Morgan Stanley‑sponsored benefit programs.

EEO Statement

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. For more information, visit

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