Executive Director - Market Risk Manager, Head of XVA Coverage, US (Risk Management)

PowerToFly; New York (NY); On-site; USD 165,000 - 275,000; Full time

Benefits offered by this job

Comprehensive employee benefits

Potential for commission earnings

Diverse work environment

Job summary

A global investment firm is seeking an Executive Director for Market Risk Management, focusing on XVA coverage. This role entails leading a team, overseeing XVA-related risks, and influencing strategic decisions. Candidates should possess significant experience in market risk within a global investment bank and demonstrate excellent leadership and stakeholder management abilities. The position offers a competitive salary package in New York City.

Qualifications

• 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.
• Strong people leadership and stakeholder management skills.

Responsibilities

• Provide executive-level oversight of XVA market risk exposures.
• Lead the US XVA Coverage team, setting strategy and coverage standards.
• Represent XVA market risk in senior governance forums.

Skills

Leadership

Stakeholder management

Market risk expertise

Analytical judgment

Job description

Overview

Executive Director - Market Risk Manager, Head of XVA Coverage, US

Firm Risk Management - Market Risk Department

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.
• Senior judgement on complex, high-impact risk matters, including portfolio concentrations, tail risks, and stress outcomes.
• Act as an 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 management skills.

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. 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.

Compensation & Benefits

Expected base pay rates for the role will be between $165,000 and $275,000 per year at the commencement of employment. However, base pay is determined on an individualized basis and is only part of the total compensation package, which may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Diversity & Equal Opportunity

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender status, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).