Job Overview
As part of the Credit Research Team, the Executive Director will be responsible for applying rigorous credit analysis to develop and manage a portfolio of floating‑rate leveraged loans, influence investment decisions, and contribute to portfolio risk and return outcomes. The Credit Analyst will conduct in‑depth credit analysis of leveraged loan issuers and follow issuer and sector trends to support portfolio management decisions in the primary and secondary market. The successful candidate will have strong financial modeling skills, rigorous credit‑risk assessment capabilities, and the ability to articulate credit views and recommendations in written memos and presentations.
Responsibilities
- Perform fundamental credit analysis of companies issuing broadly syndicated floating‑rate loans. Evaluate credit risk across quantitative, qualitative, structural, and relative value factors.
- Build, maintain, and update detailed financial models with a focus on cash flow and valuation.
- Prepare and present written credit investment memos and recommendations for new investments, stressed situations, and secondary opportunities.
- Track issuer performance against underwriting expectations, monitor credit quality and portfolio exposures on an ongoing basis, produce periodic updates, and alert portfolio managers to emerging risks and opportunities.
- Analyze loan documentation and credit agreements (covenants, collateral structure, intercreditor terms, lien priority, security packages) to assess structural protections under different scenarios.
- Engage with management teams, private equity sponsors, debt‑advisors, industry contacts, sell‑side desks and other stakeholders as necessary to perform due diligence, market and industry research, and to source new loan investment opportunities.
- Collaborate with portfolio managers, traders, and senior investment professionals to communicate credit views, discuss investment ideas, and coordinate relative‑value analysis across sectors and instruments.
Requirements
- Minimum of 7‑15 years of direct experience analyzing leveraged loans, syndicated credits, high‑yield or leveraged finance transactions.
- Strong financial modeling skills, including building and maintaining cash flow models, valuation models, and stress testing.
- Deep understanding of financial statements, accounting principles, credit metrics and ability to interpret qualitative factors including industry dynamics, business strategy, and management strength.
- Strong written and verbal communication skills – capable of preparing credit memos, investment recommendations, and presenting to investment committees and senior stakeholders.
- Prior experience with portfolio monitoring, relative‑value analysis, and trading desk collaboration.
- Familiarity with regulatory, compliance, and risk‑management frameworks applicable to leveraged credit investments.
- Ability to work independently, manage multiple assignments and deadlines, and adapt to a dynamic market environment. Attention to detail, critical thinking, and sound judgment.
- Proficiency in Microsoft Excel, Bloomberg, and/or other credit research tools.
- Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.
- Advanced degree (e.g., MBA) or relevant certification (e.g., CFA) is a plus.
Who You Are
- Operate with a strong sense of ethics and integrity in your interactions with others and decision making.
- Takes accountability and ownership in your work with a focus on long‑term value creation.
- Track record of fostering a culture of honesty, transparency, and accountability within teams.
- Proven ability to collaborate across teams to deliver optimal solutions for clients.
- A passion for innovation, with a continuous improvement mindset to drive excellence.
- Respect for individual differences, with an openness to diverse perspectives.
- Engagement in community service, volunteering, or corporate citizenship initiatives.
- Commitment to mentoring and supporting professional growth of others.
What You Can Expect From Morgan Stanley
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. Our values – putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back – guide our decisions every day. We support employees and their families at every point along their work‑life journey, offering comprehensive benefits and perks. There is ample opportunity to move within the business for those who demonstrate passion and grit.
Certified Persons Regulatory Requirements
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible Work Statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Equal Opportunity and Diversity 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. Our workforce reflects a broad cross‑section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
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