Executive Director – Market Risk Manager, Head of XVA Coverage, US
A senior leadership role that runs the US team overseeing market risk on XVA exposures within Morgan Stanley's independent risk function. It is mostly governance, limit setting and people management rather than model building.
What you’d work on
Our reading of the posting: what a new hire in this role would most likely spend their first months on.
- Set risk direction and limits for XVA desks and approve large trades
- Own the stress testing framework and risk metrics for XVA
- Escalate material risk issues and represent the area in committees and regulatory discussions
- Lead and develop a team of seven risk managers across two sites
What they ask for
Required
- Extensive market, counterparty or trading risk experience
- Deep knowledge of XVA risks
- Senior judgement
- People leadership
- Stakeholder management
- Education
- Degree level not stated.
- Experience
- Extensive experience at a global investment bank
- Markets
- fixed-income, credit, multi-asset
How to prepare
- Study CVA, FVA and other valuation adjustments and how they hedge
- Learn how stress testing and limit frameworks are designed
- Read about the governance of market risk at large banks
- Practise explaining tail risks to non-technical audiences
What to study
- Counterparty Credit Risk and CVA
- Quantitative Risk Management
- Fixed Income and Interest-Rate Models
- Professional Quant Practice
The Risk Quant roadmap sets out the stages for this kind of role, with free resources for each.
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SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Morgan Stanley and doesn’t handle applications.