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

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.

Responsibilities may include:

• 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

Qualifications:

• 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)

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.

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Expected base pay rates for the role will be between $200,000 and $300,00 per 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.

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