Prime Brokerage, Cleared Listed Derivatives Non-Market Risk - Executive Director

Morgan Stanley•New York, NY

3d•$200,000 - $300,000

About The Position

We’re seeking someone to join our Prime Brokerage Business Control Unit (BCU) team as an Executive Director focused on Cleared Listed Derivatives (Futures and Options). The individual will be responsible for overseeing and enhancing the non‑market risk framework, governance, and control environment for the listed derivatives clearing business. This includes front‑to‑back engagement across product strategy, operational processes, regulatory compliance, and risk management. The role requires close partnership with business leadership, trading, sales, risk and compliance functions, as well as coordination across global regions, to ensure a robust and scalable control framework that supports business growth and evolving regulatory expectations.

Requirements

12 - 15+ years of relevant experience in Financial Services, with strong exposure to listed derivatives (futures and options)
Direct experience in trading, sales, risk management, or compliance within futures and options markets is strongly preferred
Strong understanding of the listed derivatives lifecycle, including clearing, margining, settlement, and exchange/clearing house models
Familiarity with regulatory frameworks governing futures and options markets
Proven ability to partner with front office and control functions and influence outcomes across senior stakeholders
Strong analytical skills with the ability to assess complex workflows and risk scenarios
Demonstrated ability to drive initiatives, improve processes, and implement controls in a fast‑paced environment
Excellent written and verbal communication skills, with the ability to clearly articulate risks, issues, and recommendations
Strong project management and organizational skills, with high attention to detail
Proficiency in Microsoft Office applications (Excel, Word, PowerPoint)

Responsibilities

Enhancing the risk and control framework for cleared listed derivatives, including futures and options clearing across global markets
Overseeing governance, escalation, and exception management processes, ensuring consistency and transparency across products and regions
Partnering with trading, sales, risk, and compliance stakeholders to identify, assess, and mitigate operational and regulatory risks
Driving strategic initiatives related to listed derivatives clearing, including product development, onboarding, and change management
Leading governance forums and risk reviews, including preparation of materials for senior management and risk committees
Coordinating across global teams (Operations, Technology, Credit Risk, Compliance) to standardize processes and improve efficiency
Supporting regulatory engagements and ensuring adherence to applicable rules for futures and options markets
Building management information (MIS), KPIs, and KRIs to provide transparency into risk exposures and control effectiveness