[Skip to main content](#main-content) [OpenNash Jobs](https://jobs.opennash.com/) [Hiring report](/reports/hiring/) · [All Morgan Stanley jobs](https://jobs.opennash.com/companies/morgan-stanley/) · [Search jobs](/search/) Morgan Stanley · New York, NY # Executive Director - Market Risk Manager, Head of XVA Coverage, US (Risk Management) New York, United States of America Executive $275,000 year Marketing Listed on Morgan Stanley’s official careers site. Listed as of October 18, 2026. Check that it is still open and apply there. [Apply on Morgan Stanley’s careers site →](https://ms.wd5.myworkdayjobs.com/External/job/New-York-New-York-United-States-of-America/Executive-Director---Market-Risk-Manager--Head-of-XVA-Coverage--US--Risk-Management-_PT-JR033384) [OpenNash Jobs](https://jobs.opennash.com/) / [Morgan Stanley](https://jobs.opennash.com/companies/morgan-stanley/) / Executive Director - Market Risk Manager, Head of XVA Coverage, US (Risk Management) ## Job description ### 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​](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](https://www.morganstanley.com/people-opportunities/eeo). ## At a glance - Posted by the employer: Not stated - First seen by OpenNash: Jul 10, 2026 - Last checked: Oct 18, 2026 - Listed for: 100 days - Location: New York, United States of America - Pay: $275,000 year[Apply on Morgan Stanley’s careers site →](https://ms.wd5.myworkdayjobs.com/External/job/New-York-New-York-United-States-of-America/Executive-Director---Market-Risk-Manager--Head-of-XVA-Coverage--US--Risk-Management-_PT-JR033384) ## More jobs at Morgan Stanley ### [Associate Market Manager](https://jobs.opennash.com/companies/morgan-stanley/jobs/81e0cdfe5b4d68668719/) New York, United States of America ### [Associate Market Manager, PWM](https://jobs.opennash.com/companies/morgan-stanley/jobs/7bbcc824c62c0c5c7fd7/) New York, United States of America ### [Capital Markets Fixed Income Specialist](https://jobs.opennash.com/companies/morgan-stanley/jobs/a41d76faf5ad8ff1b2e9/) New York, United States of America ### [Fixed Income Division - Analyst or Associate, Municipal Markets (New York)](https://jobs.opennash.com/companies/morgan-stanley/jobs/dfe703ec5681ea4ddce7/) New York, United States of America ### [Global Capital Markets - Associate/VP, Strategic Lending Group](https://jobs.opennash.com/companies/morgan-stanley/jobs/c21f6e9fa50e690da8c6/) New York, United States of America ## Similar jobs at other companies ### [Associate Director - Market Risk](https://jobs.opennash.com/companies/royal-bank-of-canada/jobs/3186b2a5f372d1d31f48/) Royal Bank of Canada · New York, United States of America ### [Associate Director, Market Risk Governance and Controls](https://jobs.opennash.com/companies/royal-bank-of-canada/jobs/0adcfd1337dbe232d56d/) Royal Bank of Canada · New York, United States of America ### [Relationship Executive-Emerging Middle Market, Healthcare Services-Executive Director](https://jobs.opennash.com/companies/jpmorganchase/jobs/4e16e5b6d855e20eb448/) JPMorganChase · Charlotte, NC, United States ### [Relationship Executive-Emerging Middle Market, Healthcare Services-Executive Director](https://jobs.opennash.com/companies/jpmorganchase/jobs/ba1c7111a1ea3cdc45b7/) JPMorganChase · Philadelphia, PA, United States ### [Securitized Products Market Risk Senior Vice President](https://jobs.opennash.com/companies/bbva-banco-bilbao-vizcaya-argentaria/jobs/d1e694d2be6dc12c3130/) BBVA-Banco Bilbao Vizcaya Argentaria · New York OpenNash lists jobs from employers’ own careers sites and does not handle applications. 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