Executive Director & Credit Analyst, Floating Rate Loans

The Bank Loan Strategies Team is a pioneer in the floating‑rate corporate loan market, investing in U.S. and European senior loans and CLO debt tranches. 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.

Responsibilities

• Perform fundamental credit analysis of companies issuing broadly syndicated floating‑rate loans, evaluating 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 to perform due diligence, market and industry research, and 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 investment.
• Ability to work independently, manage multiple assignments and deadlines, and adapt to a dynamic market environment; attention to detail, critical thinking and sound judgement.
• 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.
• Takes accountability and ownership of 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 and openness to diverse perspectives.
• Engagement in community service, volunteering or corporate citizenship initiatives.
• Commitment to mentoring and supporting professional growth of others.

Certified Persons Regulatory Requirements

If this role is deemed a Certified role, the holder may need to maintain 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 Employer

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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