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Executive Director - Market Risk Manager, Head of XVA Coverage, US
Firm Risk Management - Market Risk Department
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, operational, model, and other risks.
Role Overview
This role sits within the Market Risk Department (MRD) and provides senior leadership and strategic oversight of XVA-related market risks across the Firm, including CVA, FVA and other valuation adjustments. The team lead of the market risk XVA team in the US is accountable for setting risk direction, influencing business decisions exercising senior judgement, applying subject matter expertise and leading engagement with Front Office and senior stakeholders across the Firm. The role focuses on governance, escalation, XVA market risk framework ownership and people leadership, while also having significant involvement in the day to day activities of the desk including large trade approvals, limit setting.
Key Responsibilities
Senior Risk Ownership & Judgement
- Provide executive-level oversight of XVA market risk exposures, ensuring risks are appropriately identified, challenged, and governed within the Firm's risk appetite.
- Exercise independent senior judgement on complex, high-impact risk matters, including portfolio concentrations, tail risks, and stress outcomes.
- Act as a escalation point within MRD XVA coverage for material risk issues.
Leadership & Stakeholder Management
- Lead the US XVA Coverage team within MRD, setting strategy, priorities, and coverage standards.
- Serve as a senior risk counterpart to Front Office management, influencing strategic decisions and ensuring robust risk debate.
- Represent XVA market risk in senior governance forums, committees, and regulatory interactions.
Framework Ownership & Strategic Change
- Own and evolve the XVA market risk framework, including stress testing, limit structures, and risk metrics.
- Sponsor and drive strategic initiatives with teams executing under direction.
People Leadership & Talent Development
- Lead a team of 7 risk managers located in NY and Budapest
- Develop and mentor risk managers, building depth, succession, and consistency of judgement. Experience & Profile
- Extensive experience in market risk, counterparty risk, or trading risk within a global investment bank.
- Demonstrated depth of expertise in financial products, markets, and XVA-related risks, with the ability to apply seasoned judgement.
- Strong people leadership and stakeholder
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $165,000 and $275,000 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 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.