Your Opportunity as an Analyst in Credit Risk

Credit Risk Analysts play an important role in facilitating the business development initiatives of our Investment Banking and Sales & Trading divisions. You may support Senior Analysts in their analyses of counterparties to ensure that clients can meet their financial obligations, either to investors as debt issuers or to the firm as trading counterparties. This means using both quantitative and qualitative techniques to assess the probability of default and resulting loss, and conducting thorough due diligence of companies’ strategies, management, and financial strength.

The Analyst Programme in Credit Risk
How the programme works and the day-to-day experience you can expect

The two-year Credit Risk Management Analyst Programme is an intensive, hands-on experience. You are typically exposed to all areas of Credit Risk Management and become an important member of the team, with rapidly ascending levels of responsibility under the guidance of more experienced colleagues.

Responsibilities vary between departments in Credit Risk Management. You could be:

• Performing detailed credit analyses of Morgan Stanley’s trading and loan counterparties, including multinational corporations, financial institutions, funds, or sovereigns
• Presenting rating recommendations to Credit Committees
• Assisting in the approval process by participating in the due diligence process and modelling of transactions

Launching Your Career
The initial training that you receive on starting the programme

As the programme has been designed to give you exposure to the full range of the firm’s products as quickly as possible, you will find yourself on a very steep learning curve. You typically begin with three weeks of training, covering both technical and soft skills. Once you join your team, you will then begin an extensive programme of on-the-job learning. You will be supported in achieving relevant professional qualifications, such as CFA and Securities Institute Diplomas.

Developing Your Career
What you can anticipate as you make progress and after completing the programme

At the end of the two-year programme, successful candidates may be able to continue within Credit Risk. Alternatively, candidates may be invited to explore positions in other parts of the firm.

Is Credit Risk Right for You?
A checklist to help you decide if you have the skills and temperament for this area

• You have a keen interest in finance.
• Your strong analytical and numerical skills enable you to rapidly assimilate complex information.
• Your strong communication skills enable you to condense and articulate complicated ideas and findings clearly and succinctly.
• You are a team player who can think creatively and maintain high standards of performance under pressure and against tight deadlines.
• You are able to communicate effectively in another language.

Requirements

A graduate with a minimum 2.1 or equivalent in any degree discipline.

Selection Process

Following an initial interview, you may be invited to an assessment centre where you can expect to participate in verbal and numerical reasoning tests, a group exercise, a written analysis exercise and interviews with members of the department.

How to Apply

Applications can be submitted from early September 2008 and will be reviewed as they are received so we encourage candidates to apply early.

To submit your application, please apply  online via our website.

Deadlines

We encourage you to apply as early as possible as candidates will be selected on a rolling basis. The deadline for applying to the Full-Time Analyst Programme is November 9, 2008.

Please note that the application deadline for universities in the Nordic Region is Monday 29 September 2008.