Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 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.
Morgan Stanley’s Securitized Products Group (SPG) contains several Trading Businesses (Agency MBS, residential mortgage loans, RMBS, CMBS, CLOs, and other ABS), a lending arm that focuses on traditional Commercial Real Estate as well as Warehouse (FID Secured Lending “FSL”), and a CUSIP financing business. This is a complex and growing portfolio of businesses within Morgan Stanley that serves a wide range of clients to execute on their business strategies. The Middle Market product group within Secured Lending provides financial solutions to leading middle market private credit originators.
The Asset Approval Team within the Direct Lender Financing FSL group is looking for experienced Analyst to Associate level candidates to join the team.
Position Description
The FID Secured Lending Group (“FSL”) is currently seeking a Structure and Execution Management lawyer to work on all aspects of structuring and executing financing back leverage transactions involving a broad array of corporate asset classes, including private credit/middle market loans, single name financing, as well as corporate lending in the form of “first out” loans, among other corporate lending activity. This will include working with originators and securitization/syndication teams as well as internal constituents in legal, compliance, tax and accounting policy divisions to help structure and execute transactions, and liaising with outside counsel. This position sits within the FSL Business Unit, not within Legal.
Primary Responsibilities
Drive the execution of structured finance transactions by:
- Managing legal, documentation, structuring and other issues that arise in connection with FSL transactions
- Drafting, reviewing and negotiating term sheets
- Advising on structure of lending transactions, taking into account legal, franchise, regulatory, tax and other considerations
- Working closely with external counsel to draft and negotiate transaction documentation (credit agreements, security agreements, intercreditor documentation, etc.)
- Working closely with internal counsel to manage legal risks for FSL transactions
- Leading documentation negotiations with clients
- Additional responsibilities would include:
- Preparing material for and presenting to internal committees, senior FSL management, internal audit and regulators
- Maintaining documentation precedents and templates
- Maintaining best practices and internal policies and procedures
Qualifications
- 5+ years of experience in corporate, banking and/or capital markets experience at a major law firm and/or a large financial institution
- Great familiarity with structured finance and secured lending transactions
- Commercially driven and strong desire to work on a business team
- Excellent verbal and written skills and ability to communicate with senior management and clients
- Ability to build effective working relationships, including across functions, and interact comfortably
- Proven leadership ability to manage and deliver on multiple projects under time pressure
Expected base pay rates for the role will be between $175,000 and $250,000 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).
Posting Date
Nov 26, 2024
Primary Location
Americas-United States of America-New York-New York
Job
Investment Banking/Sales/Trading/Research
Employment Type
Full Time
Job Level
Vice President
