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. Within FRM, the Liquidity Risk Department (LRD) oversees 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 communication of liquidity risks to senior management and the Board. The Head of US Bank Liquidity Risk will lead Morgan Stanley’s U.S. Bank team within LRD, providing senior leadership and strategic oversight of liquidity risk across the U.S. Banks. The role leads a New York-based team supported by personnel in global service centers and works closely with global risk management colleagues. It is accountable for setting risk direction, influencing business decisions, applying senior judgment and subject-matter expertise, and leading engagement with Business Units and senior stakeholders. The position focuses on governance, escalation, ownership of the liquidity risk framework, and people leadership, while also engaging significantly in day-to-day Business Unit activities, including limit setting. The role also leads the U.S. LRD Coverage team by setting its strategy, priorities, and coverage standards, and serves as a member of the global LRD leadership team.

Requirements

Excellent academic background; a degree in business, finance, or a quantitative discipline is preferred.
15+ years of relevant work experience, preferably at a large financial institution.
Experience in a risk leadership role.
Previous experience at the Executive Director level in a treasury or liquidity risk department at a large banking institution.
Strong understanding of risk and liquidity relating 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 datasets and problems and present complex information in summary form.
Ability to conceptualize appropriate solutions.
Ability to build strong working relationships with senior stakeholders across the Firm.
Clear written and verbal communication skills.
Interest in working in a fast-paced environment while balancing multiple high-priority deliverables.

Nice To Haves

A degree in business, finance, or a quantitative discipline.
Relevant experience at a large financial institution.

Responsibilities

Oversee and participate in day-to-day liquidity risk management, 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 the risk representation of the U.S. Banks’ liquidity risk, contingency funding plans, asset-liability management, stress testing framework, and independent reporting and limits framework.
Maintain active dialogue with trading desks, Corporate Treasury, Risk Management colleagues, and 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 scheduled meetings.
Oversee the preparation and presentation of briefings to senior management on key risk issues.
Lead the U.S. LRD Coverage team and set its strategy, priorities, and coverage standards.
Serve as a member of the global LRD leadership team.
Lead projects and oversee the setting and delivery of project goals.