Head of US Bank Liquidity Risk, Executive Director

Morgan Stanley•New York, NY

About The Position

Morgan Stanley’s Firm Risk Management (FRM) partners with business units to support efficient risk-adjusted returns, advises the Board, and protects the Firm from credit, market, liquidity, operational, model, and other risks. The Liquidity Risk Department (LRD) independently oversees and monitors Morgan Stanley’s U.S. Banks and assesses the Firm’s ability to withstand adverse idiosyncratic and market-related liquidity shocks. Its mandate includes liquidity risk assessment and identification, limit setting and enforcement, business strategy challenge, oversight of liquidity reserve model methodology, and communicating liquidity risks to senior management and the Board. Morgan Stanley seeks an experienced treasury or liquidity risk professional at the Executive Director level to lead its U.S. Bank team within LRD. The role provides senior leadership and strategic oversight of liquidity risk across the U.S. Banks, leading a New York-based team supported by global service center personnel and working closely with global risk management colleagues. The role sets risk direction, influences business decisions, exercises senior judgment, applies subject matter expertise, and leads engagement with business units and senior stakeholders. It focuses on governance, escalation, ownership of the liquidity risk framework, and people leadership, while also engaging significantly in day-to-day business activities, including limit setting. The position leads the U.S. LRD Coverage team in setting strategy, priorities, and coverage standards, and is a member of the global LRD leadership team. The successful candidate will build relationships with senior stakeholders, communicate clearly in writing and verbally, and balance multiple high-priority deliverables in a fast-paced environment. Morgan Stanley describes its workplace as collaborative and supportive, with opportunities to move across the business and comprehensive employee benefits and perks. The firm is an equal opportunity employer committed to diversity and inclusion.

Requirements

15+ years of relevant working experience, preferably at a large financial institution.
Experience in a risk leadership role.
Strong understanding of risk and liquidity in relation to financial products, including derivatives, secured funding, prime brokerage, equities, interest rates, foreign exchange, and credit instruments.
Strong analytical skills and attention to detail, including the ability to synthesize complex data sets and problems, conceptualize appropriate solutions, and present complex information in summary form.
Experience leading projects and overseeing the setting and delivery of project goals.
Ability to build strong working relationships with senior stakeholders in other areas of the Firm.
Clear written and verbal communication skills.
Ability and interest in working in a fast-paced environment while balancing multiple high-priority deliverables.

Nice To Haves

Excellent academic background, preferably with a degree in business, finance, or a quantitative discipline.
Previous experience working in a treasury or liquidity risk department at a large banking institution at the Executive Director level.

Responsibilities

Oversee and participate in day-to-day liquidity risk management activities, including internal and regulatory governance and control frameworks.
Advise on oversight of liquidity risk arising from business activities, including risk identification, monitoring, management, and regulatory and internal liquidity stress testing.
Sponsor and drive strategic initiatives and projects to improve risk representation of the U.S. Banks’ liquidity risk, contingency funding plans, asset-liability management, stress testing framework, and independent reporting and limits framework.
Collaborate with trading desks, Corporate Treasury, Risk Management colleagues, and other support groups on liquidity planning, liquidity stress testing, trading and hedging strategies, risk representation, and limit compliance.
Manage senior stakeholder relationships across Business Units, Treasury, Finance, and Technology.
Participate in and serve as a member of senior committees across FRM and partner departments.
Liaise with regulators during regulatory examinations and regularly scheduled meetings.
Oversee the preparation and presentation of briefings to senior management on key risk issues.
Lead the U.S. LRD Coverage team, setting its strategy, priorities, and coverage standards.
Serve as a member of the global LRD leadership team.