Real Estate Valuation Analysis - Credit Risk (Risk Management) : Job Level - Associate

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 team member. The primary responsibility for this individual is as a member of 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 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

• Administer the collateral loan appraisal review process and in consultation with the Team Lead 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 vendor relationships as a part of the review process.
• Develop forms and tools to streamline processes and create efficiencies in managing appraisal review process for complete underwriting review
• Assists with the review of internal procedures and makes recommendations to the Team Lead. - 3-5+ 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
• Ability to build internal valuation and due diligence tools
• Excellent written and verbal communication skills
• Excellent time-management skills
• State Certified General Real Estate Appraiser license required
• Experience/knowledge of Western European and Asian (specifically Australia) markets is beneficial but not required
  
  

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 - 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.

Expected base pay rates for the role will be between $85,000 and $140,000 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).