Morgan Stanley · 2 days ago
FID, First-Line Credit Analyst - Derivatives Trading (Associate / Vice President)
New York, NY
Full-time
Onsite
Mid Level
$150K/yr - $200K/yr
4+ years expMorgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The role involves evaluating counterparty and transactional credit risks in derivatives trading while collaborating with various teams to ensure effective risk management and transaction execution.
Asset ManagementFinanceFinancial ServicesLending
Responsibilities
Evaluate new counterparty risk associated with derivative transactions across corporate counterparties, PE funds, and securitization structures
Develop clear, balanced, and well-supported written credit analyses assessing counterparty fundamentals, transaction structure, collateral/CSAs, exposure dynamics, stress outcomes, and key risks
Present and defend transaction recommendations to senior leaders within the business and Firm Risk Management
Participate in transaction discussions with trading, structuring, capital markets origination and sales to ensure a shared view of credit appetite, structural mitigants, and commercial considerations
Act as a first-line partner to the trading desk—ensuring efficient information flow, early identification of credit issues, and collaborative problem-solving
Build strong working relationships with second-line Credit Risk Management, Legal, Trading, and Operations to support smooth execution of transactions
Support senior team members in due diligence discussions with counterparties for new relationships or complex structures
Maintain active oversight of assigned counterparty portfolio, including review of financial performance, industry trends, limit usage, and exposure changes
Identify emerging risks proactively and escalate as appropriate
Assist in preparing periodic portfolio reports summarizing ratings changes, excesses, and market impacts for senior management
Prepare concise yet thorough credit memoranda, exposure summaries, and transaction approvals for internal committees
Contribute to ad hoc presentations for business leadership, Firm committees, and regulatory inquiries
Review trade requests for exposure profiles, tenor, documentation considerations (ISDA/CSA), and structural elements
Qualification
Required
Bachelor's Degree required
4–8 years of relevant experience in one or more of the following: Credit rating agency (corporates, financial institutions, or structured products), Leverage / Acquisition Finance team, Secured lending team, Bank credit risk management team, Structuring or credit-intensive role within a bank's trading or capital markets division
Strong analytical ability and comfort working with complex information under time pressure
Demonstrated ability to develop coherent credit views and communicate them clearly—both in writing and in discussions with senior stakeholders
Familiarity with traded products, ISDAs/CSAs, and exposure concepts preferred
Ability to work independently in a fast-paced trading-floor environment while managing multiple deliverables
Strong interpersonal skills and a collaborative mindset to partner effectively with front-office teams
Preferred
Experience with derivatives exposure metrics, stress testing concepts, and transaction structuring
Experience presenting credit recommendations to committees or senior risk stakeholders
Comfort interacting with clients, counterparties, and internal teams across the Firm
Interest in market, sector, and counterparty-specific developments relevant to traded credit exposures
Benefits
Commission earnings
Incentive compensation
Discretionary bonuses
Other short and long-term incentive packages
Other Morgan Stanley sponsored benefit programs
Company
Morgan Stanley
Morgan Stanley is a financial services company that offers securities, asset management, and credit services.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1997-02-05IPO
Leadership Team
James Gorman
Chairman and CEO
Ted Pick
Chief Executive Officer (CEO)
Recent News
Benzinga.com
2026-01-04
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